0001289790 2015-06-30 0001289790 2014-12-31 0001289790 2015-04-01 2015-06-30 0001289790 2014-04-01 2014-06-30 0001289790 2015-01-01 2015-06-30 0001289790 2014-01-01 2014-06-30 0001289790 2013-12-31 0001289790 2014-06-30 0001289790 country:US 2015-06-30 0001289790 country:CA 2015-06-30 0001289790 mic:AtlanticAviationMember 2015-06-30 0001289790 mic:RestrictedStockUnitGrantsJuneEighteenTwentyFifteenMember 2015-04-01 2015-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyOneTwentyFourteenMember 2015-04-01 2015-06-30 0001289790 us-gaap:ConvertibleDebtSecuritiesMember 2015-04-01 2015-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyOneTwentyFourteenMember 2014-01-01 2014-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyTwentyThirteenMember 2014-01-01 2014-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyTwentyThirteenMember 2014-04-01 2014-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyOneTwentyFourteenMember 2014-04-01 2014-06-30 0001289790 mic:WindPowerGenerationFacilities2014Member 2014-12-31 0001289790 mic:BayonneEnergyCenterMember 2015-06-30 0001289790 mic:BayonneEnergyCenterMember 2015-01-01 2015-06-30 0001289790 us-gaap:ContractualRightsMember mic:BayonneEnergyCenterMember 2015-01-01 2015-06-30 0001289790 mic:LandAndLeaseholdImprovementsMember mic:AtlanticAviationMember mic:IncrementalDepreciationDueToChangeInPolicyMember 2015-01-01 2015-06-30 0001289790 mic:LandAndLeaseholdImprovementsMember mic:AtlanticAviationMember mic:OneSpecificFixedBasedOperationMember 2015-01-01 2015-03-31 0001289790 us-gaap:ContractualRightsMember mic:AtlanticAviationMember mic:IncrementalAmortizationDueToChangeInPolicyMember 2015-01-01 2015-06-30 0001289790 us-gaap:ContractualRightsMember mic:AtlanticAviationMember mic:OneSpecificFixedBasedOperationMember 2015-01-01 2015-03-31 0001289790 2014-01-01 2014-12-31 0001289790 mic:InternationalMatexTankTerminalsMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-12-31 0001289790 mic:AtlanticAviationMember 2014-12-31 0001289790 mic:HawaiiGasBusinessMember 2015-06-30 0001289790 mic:HawaiiGasBusinessMember 2014-12-31 0001289790 us-gaap:CorporateMember 2015-06-30 0001289790 us-gaap:CorporateMember 2014-12-31 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsOneMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsTwoMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsThreeMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsFourMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GOZoneBondsFiveMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:NewJerseyEconomicDevelopmentAuthorityDockFacilityRevenueRefundBondsMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:NewJerseyEconomicDevelopmentAuthorityDockFacilityRevenueRefundBondsMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember us-gaap:SeniorNotesMember mic:SeniorSeriesANotesMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember us-gaap:SeniorNotesMember mic:SeniorSeriesBNotesMember 2015-01-01 2015-06-30 0001289790 mic:LoanFromPreviousShareholderMember mic:InternationalMatexTankTerminalsMember 2015-06-30 0001289790 mic:LoanFromPreviousShareholderMember mic:InternationalMatexTankTerminalsMember 2015-01-01 2015-06-30 0001289790 mic:IdahoWindPartnersMember mic:TermLoanFacilityMember 2015-01-01 2015-06-02 0001289790 mic:IdahoWindPartnersMember mic:TermLoanFacilityMember 2015-06-30 0001289790 mic:IdahoWindPartnersMember mic:TermLoanFacilityMember 2015-06-03 2015-06-30 0001289790 mic:BayonneEnergyCenterMember mic:TermLoanFacilityMember 2015-04-01 2015-06-30 0001289790 us-gaap:InterestRateContractMember 2015-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2015-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2014-12-31 0001289790 mic:InterestRateSwapAndCommoditySwapMember us-gaap:NondesignatedMember 2015-06-30 0001289790 mic:InterestRateSwapAndCommoditySwapMember us-gaap:NondesignatedMember 2014-12-31 0001289790 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2015-04-01 2015-06-30 0001289790 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2014-04-01 2014-06-30 0001289790 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2015-01-01 2015-06-30 0001289790 us-gaap:InterestRateCapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2014-01-01 2014-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2015-04-01 2015-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2014-04-01 2014-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2015-01-01 2015-06-30 0001289790 us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember us-gaap:InterestExpenseMember 2014-01-01 2014-06-30 0001289790 us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2015-04-01 2015-06-30 0001289790 us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2014-04-01 2014-06-30 0001289790 us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2015-01-01 2015-06-30 0001289790 us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2014-01-01 2014-06-30 0001289790 us-gaap:NondesignatedMember us-gaap:GainLossOnDerivativeInstrumentsMember 2015-04-01 2015-06-30 0001289790 us-gaap:NondesignatedMember us-gaap:GainLossOnDerivativeInstrumentsMember 2014-04-01 2014-06-30 0001289790 us-gaap:NondesignatedMember us-gaap:GainLossOnDerivativeInstrumentsMember 2015-01-01 2015-06-30 0001289790 us-gaap:NondesignatedMember us-gaap:GainLossOnDerivativeInstrumentsMember 2014-01-01 2014-06-30 0001289790 us-gaap:CorporateMember 2014-07-14 2014-07-15 0001289790 us-gaap:CorporateMember us-gaap:OverAllotmentOptionMember 2014-07-14 2014-07-15 0001289790 mic:InternationalMatexTankTerminalsMember 2014-07-16 0001289790 us-gaap:CorporateMember 2015-03-01 2015-03-02 0001289790 us-gaap:CorporateMember us-gaap:OverAllotmentOptionMember 2015-03-11 2015-03-12 0001289790 us-gaap:CorporateMember 2015-03-11 2015-03-12 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2014-12-31 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2014-12-31 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2014-12-31 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2014-12-31 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2014-12-31 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2015-01-01 2015-06-30 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2015-01-01 2015-06-30 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2015-01-01 2015-06-30 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-01 2015-06-30 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2015-01-01 2015-06-30 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2015-01-01 2015-06-30 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2015-06-30 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2015-06-30 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2015-06-30 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-06-30 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2015-06-30 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2015-06-30 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2013-12-31 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2013-12-31 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2013-12-31 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2013-12-31 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2013-12-31 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2013-12-31 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2014-01-01 2014-06-30 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2014-01-01 2014-06-30 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2014-01-01 2014-06-30 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-01-01 2014-06-30 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2014-01-01 2014-06-30 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2014-01-01 2014-06-30 0001289790 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2014-06-30 0001289790 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2014-06-30 0001289790 us-gaap:AccumulatedTranslationAdjustmentMember 2014-06-30 0001289790 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-06-30 0001289790 us-gaap:AociAttributableToNoncontrollingInterestMember 2014-06-30 0001289790 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2015-01-01 2015-06-30 0001289790 mic:ReportableSegmentOneMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-04-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-01-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2015-04-01 2015-06-30 0001289790 mic:AtlanticAviationMember 2015-04-01 2015-06-30 0001289790 mic:HawaiiGasBusinessMember 2015-04-01 2015-06-30 0001289790 mic:AtlanticAviationMember 2014-04-01 2014-06-30 0001289790 mic:HawaiiGasBusinessMember 2014-04-01 2014-06-30 0001289790 mic:AtlanticAviationMember 2015-01-01 2015-06-30 0001289790 mic:HawaiiGasBusinessMember 2015-01-01 2015-06-30 0001289790 mic:AtlanticAviationMember 2014-01-01 2014-06-30 0001289790 mic:HawaiiGasBusinessMember 2014-01-01 2014-06-30 0001289790 mic:TotalReportableSegmentsMember 2015-01-01 2015-06-30 0001289790 mic:TotalReportableSegmentsMember 2014-01-01 2014-06-30 0001289790 mic:TotalReportableSegmentsMember 2015-01-01 2015-06-30 0001289790 mic:TotalReportableSegmentsMember 2014-01-01 2014-06-30 0001289790 mic:TotalReportableSegmentsMember 2015-04-01 2015-06-30 0001289790 mic:TotalReportableSegmentsMember 2014-04-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-06-30 0001289790 mic:AtlanticAviationMember 2014-06-30 0001289790 mic:NonReportableSegmentMember 2015-06-30 0001289790 mic:NonReportableSegmentMember 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-07-15 0001289790 us-gaap:MinimumMember 2015-01-01 2015-06-30 0001289790 us-gaap:MaximumMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember 2014-07-16 0001289790 us-gaap:SubsequentEventMember 2015-07-29 2015-07-30 0001289790 us-gaap:SubsequentEventMember 2015-07-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-04-01 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-01-01 2015-03-31 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-10-01 2014-12-31 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-07-01 2014-09-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-04-01 2014-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-01-01 2014-03-31 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-01-01 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-10-01 2014-10-31 0001289790 mic:DividendSevenMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendSevenMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendSixMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendSixMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendFiveMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendFiveMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendFourMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendFourMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendThreeMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendThreeMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendTwoMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendTwoMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:DividendOneMember us-gaap:ManagementMember 2015-01-01 2015-06-30 0001289790 mic:DividendOneMember us-gaap:ManagementMember 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-12-31 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2014-01-01 2014-06-30 0001289790 2015-03-01 2015-03-31 0001289790 2014-07-01 2014-07-31 0001289790 mic:AtlanticAviationMember mic:TermLoanFacilityMember 2014-01-22 0001289790 us-gaap:RevolvingCreditFacilityMember mic:AtlanticAviationMember 2015-06-30 0001289790 2015-07-31 0001289790 mic:WindPowerGenerationFacilities2014Member 2014-01-01 2014-12-31 0001289790 us-gaap:RevolvingCreditFacilityMember 2015-01-01 2015-06-30 0001289790 us-gaap:SeniorNotesMember 2015-01-01 2015-06-30 0001289790 mic:TaxExemptBondsMember 2015-01-01 2015-06-30 0001289790 us-gaap:AllOtherCorporateBondsMember 2015-01-01 2015-06-30 0001289790 mic:RestrictedStockUnitGrantsJuneEighteenTwentyFifteenMember 2015-01-01 2015-06-30 0001289790 mic:RestrictedStockUnitGrantsMayTwentyOneTwentyFourteenMember 2015-01-01 2015-06-30 0001289790 mic:HawaiiGasBusinessMember 2014-06-30 0001289790 mic:TotalReportableSegmentsMember 2015-04-01 2015-06-30 0001289790 mic:TotalReportableSegmentsMember 2014-04-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember us-gaap:SeniorNotesMember mic:SeniorSeriesANotesMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember us-gaap:SeniorNotesMember mic:SeniorSeriesBNotesMember 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-05-26 2015-05-27 0001289790 mic:ContractedPowerAndEnergyMember 2015-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2015-04-01 2015-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2014-04-01 2014-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2015-01-01 2015-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2014-01-01 2014-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2014-06-30 0001289790 mic:ContractedPowerAndEnergyMember 2014-12-31 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember 2015-06-30 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember 2015-06-30 2015-06-30 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2015-04-30 0001289790 us-gaap:RevolvingCreditFacilityMember country:US 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember country:CA 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember country:US 2015-01-01 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember country:CA 2015-01-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember 2015-01-01 2015-06-30 0001289790 mic:AtMarketMember 2015-06-24 0001289790 us-gaap:ManagementMember mic:SpecialStockMember 2015-05-21 0001289790 2015-05-20 2015-05-21 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember 2015-05-22 2015-06-18 0001289790 us-gaap:RevolvingCreditFacilityMember country:US 2015-05-22 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember country:CA 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsOneMember 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsTwoMember 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsThreeMember 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsFourMember 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GOZoneBondsFiveMember 2015-05-22 2015-06-30 0001289790 us-gaap:CommonStockMember 2015-05-20 2015-05-21 0001289790 mic:AtlanticAviationMember mic:McusaMember mic:TermLoanFacilityMember 2013-12-22 2014-01-22 0001289790 mic:AtlanticAviationMember mic:MefMember 2015-01-01 2015-03-31 0001289790 mic:AtlanticAviationMember mic:MefMember 2014-04-01 2014-06-30 0001289790 mic:AtlanticAviationMember mic:MefMember 2014-01-01 2014-06-30 0001289790 mic:DistrictEnergyBusinessMember mic:McusaMember 2014-08-02 2014-08-31 0001289790 mic:BayonneEnergyCenterMember mic:MihiLlcMember us-gaap:RevolvingCreditFacilityMember 2015-04-01 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember mic:AtlanticAviationMember mic:MacquarieBankLimitedMember 2014-04-01 2014-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember mic:AtlanticAviationMember mic:MacquarieBankLimitedMember 2014-01-01 2014-06-30 0001289790 mic:EquityBridgeLoanMember mic:MihiLlcMember mic:AtlanticAviationMember 2013-12-31 0001289790 us-gaap:RevolvingCreditFacilityMember mic:MacquarieBankLimitedMember mic:AtlanticAviationMember 2015-06-30 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2015-04-01 2015-06-30 0001289790 mic:EquityBridgeLoanMember mic:AtlanticAviationMember mic:McusaMember 2014-01-01 2014-03-31 0001289790 mic:MacquarieEnergyNorthAmericaTradingMember mic:InternationalMatexTankTerminalsMember 2015-04-01 2015-06-30 0001289790 mic:MacquarieEnergyNorthAmericaTradingMember mic:InternationalMatexTankTerminalsMember 2015-06-30 0001289790 mic:EquityBridgeLoanMember mic:AtlanticAviationMember 2013-12-31 0001289790 mic:AtlanticAviationMember mic:MacquarieCapitalMarketsCanadaLtdMember 2015-01-01 2015-03-31 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember 2014-07-14 2015-06-30 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2014-07-01 2014-07-31 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2014-07-31 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:PriorToAcquisitionMember 2014-04-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:PriorToAcquisitionMember 2014-01-01 2014-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:PriorToAcquisitionMember 2014-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2015-04-01 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2015-01-01 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2014-12-31 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2014-07-31 0001289790 us-gaap:RevolvingCreditFacilityMember us-gaap:CorporateMember mic:MihiLlcMember 2014-07-01 2014-07-31 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember 2014-07-15 0001289790 mic:InternationalMatexTankTerminalsMember mic:NewJerseyEconomicDevelopmentAuthorityDockFacilityRevenueRefundBondsMember 2015-05-22 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:TaxExemptBondsMember 2015-05-21 0001289790 us-gaap:ManagementMember 2015-05-21 0001289790 us-gaap:RevolvingCreditFacilityMember mic:MacquarieBankLimitedMember mic:AtlanticAviationMember 2015-04-01 2015-06-30 0001289790 us-gaap:RevolvingCreditFacilityMember mic:MacquarieBankLimitedMember mic:AtlanticAviationMember 2015-01-01 2015-06-30 0001289790 us-gaap:RestrictedStockUnitsRSUMember 2015-04-01 2015-06-30 0001289790 us-gaap:RestrictedStockUnitsRSUMember 2014-04-01 2014-06-30 0001289790 us-gaap:RestrictedStockUnitsRSUMember 2015-01-01 2015-06-30 0001289790 us-gaap:RestrictedStockUnitsRSUMember 2014-01-01 2014-06-30 0001289790 us-gaap:ConvertibleDebtSecuritiesMember 2014-04-01 2014-06-30 0001289790 us-gaap:ConvertibleDebtSecuritiesMember 2014-01-01 2014-06-30 0001289790 mic:LandAndLeaseholdImprovementsMember mic:AtlanticAviationMember mic:MultipleFixedBasedOperationsMember 2015-01-01 2015-03-31 0001289790 us-gaap:ContractualRightsMember mic:AtlanticAviationMember mic:MultipleFixedBasedOperationsMember 2015-01-01 2015-03-31 0001289790 us-gaap:RevolvingCreditFacilityMember 2015-06-30 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2015-07-01 2015-07-31 0001289790 mic:BayonneEnergyCenterMember 2015-04-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember us-gaap:ScenarioForecastMember 2017-01-01 0001289790 mic:BayonneEnergyCenterMember mic:TermLoanFacilityMember 2015-07-01 2015-07-31 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember 2015-07-01 2015-07-31 0001289790 mic:BayonneEnergyCenterMember 2015-03-31 0001289790 mic:MacquarieEnergyNorthAmericaTradingMember mic:InternationalMatexTankTerminalsMember 2015-01-01 2015-06-30 0001289790 us-gaap:ContractualRightsMember mic:BayonneEnergyCenterMember 2015-03-31 0001289790 mic:BayonneEnergyCenterMember 2015-04-01 2015-04-01 0001289790 us-gaap:CorporateMember us-gaap:RevolvingCreditFacilityMember 2015-04-01 2015-05-27 0001289790 mic:BayonneEnergyCenterMember us-gaap:RevolvingCreditFacilityMember 2015-03-31 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsOneMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsTwoMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsThreeMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GulfOpportunityZoneBondsFourMember 2015-01-01 2015-06-30 0001289790 mic:InternationalMatexTankTerminalsMember mic:GOZoneBondsFiveMember 2015-01-01 2015-06-30 0001289790 us-gaap:ConvertibleDebtSecuritiesMember 2015-01-01 2015-06-30 0001289790 mic:MacquarieInfrastructureManagementIncorporatedMember 2015-07-01 2015-07-31 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember 2015-03-31 0001289790 mic:BayonneEnergyCenterMember mic:TermLoanFacilityMember 2015-01-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:RevolvingCreditFacilityMember 2015-01-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember us-gaap:ScenarioForecastMember 2019-01-01 0001289790 mic:BayonneEnergyCenterMember us-gaap:LetterOfCreditMember 2015-06-30 0001289790 mic:EquityOfferingMember us-gaap:CorporateMember mic:McusaMember 2015-03-01 2015-03-31 0001289790 mic:EquityOfferingMember us-gaap:CorporateMember mic:McusaMember 2014-07-01 2014-07-31 0001289790 us-gaap:ConvertibleDebtMember us-gaap:CorporateMember mic:McusaMember 2014-07-01 2014-07-31 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember mic:MacquarieBankLimitedMember 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember mic:MacquarieBankLimitedMember 2015-04-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember us-gaap:InterestRateSwapMember mic:MacquarieBankLimitedMember 2015-01-01 2015-06-30 0001289790 mic:BayonneEnergyCenterMember mic:MihiLlcMember us-gaap:RevolvingCreditFacilityMember 2015-03-31 0001289790 mic:AtMarketMember us-gaap:MaximumMember 2015-06-24 0001289790 us-gaap:InterestRateSwapMember mic:InternationalMatexTankTerminalsMember mic:TaxExemptBondsMember 2015-06-30 0001289790 us-gaap:InterestRateSwapMember mic:InternationalMatexTankTerminalsMember mic:TaxExemptBondsMember 2015-01-01 2015-06-30 0001289790 us-gaap:InterestRateSwapMember mic:InternationalMatexTankTerminalsMember mic:TaxExemptBondsMember 2015-05-22 2015-06-30 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure utr:bbl utr:MW mic:item 79501783 71089590 0 100 12910 12525 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="color: #000000; font-style: normal; font-variant: normal; letter-spacing: normal; orphans: auto; text-indent: 0pt; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-weight: bold; padding: 5pt 0pt 3pt 4px; margin: 0pt;">12. Income Taxes</h2> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-indent: 20px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company expects to incur a federal consolidated taxable loss for the year ending December 31, 2015, which will increase the net operating loss (&#147;NOL&#148;) carryforward. The Company believes that it will be able to utilize all of its federal prior year NOLs, which will begin to expire after <font>2021</font> and completely expire after <font>2034</font>. During the quarter and six months ended June 30, 2015, the Company recorded an increase of approximately $<font>800,000</font> and $<font>1.4</font> million, respectively, to the valuation allowance attributable to certain state NOLs.</p> </div> 2021-12-31 2034-12-31 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="color: #000000; font-style: normal; font-variant: normal; letter-spacing: normal; orphans: auto; text-indent: 0pt; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-weight: bold; padding: 5pt 0pt 3pt 4px; margin: 0pt;">13. Legal Proceedings and Contingencies</h2> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-indent: 20px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company and its subsidiaries are subject to legal proceedings arising in the ordinary course of business. In management's opinion, the Company has adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions, and does not believe the outcome of any pending legal proceedings will be material to the Company's financial position or result of operations.</p> </div> false --12-31 2015-06-30 MIC Large Accelerated Filer Macquarie Infrastructure Corp 0001289790 79590014 2015 Q2 10-Q 0.350 168184000 48014000 21060000 21282000 1513000 771000 115019000 96885000 31025000 28080000 15019000 14276000 25412000 25412000 28209000 22941000 403928000 256890000 4037977000 3362585000 9166000 9773000 2019204000 1996259000 960076000 959634000 42541000 32037000 19780000 8010000 7492672000 6625188000 142169000 4858000 53507000 49733000 72810000 77248000 28346000 27655000 24846000 32111000 33126000 32727000 354804000 224332000 2782737000 2364866000 812312000 904108000 23689000 27724000 73800000 141812000 133990000 4189154000 3655020000 0.001 100000000 0.001 100 100 0.001 500000000 79501783 79000 71089590 1942745000 2455851000 21447000 -23975000 -21550000 692423000 844521000 3124378000 2787163000 179140000 183005000 3303518000 2970168000 7492672000 6625188000 -269000 -508000 107000 202000 327809000 205269000 653811000 407708000 95880000 74964000 168376000 147973000 710000 1457000 423689000 280943000 822187000 557138000 148417000 115497000 281834000 228451000 45247000 50597000 84374000 100836000 81064000 56836000 151717000 112300000 154559000 14495000 319832000 23489000 51801000 12428000 109223000 24582000 17902000 9456000 65873000 18221000 -104000 -866000 -649000 -866000 499094000 260175000 1013502000 508745000 -75405000 20768000 -191315000 48393000 267000 798000 7000 31000 13000 95000 22342000 17945000 53863000 31956000 10799000 25086000 425000 1576000 1471000 2257000 -97048000 15229000 -242896000 43875000 -33531000 5485000 -88864000 13971000 -63517000 9744000 -154032000 29904000 -421000 44000 -1934000 -162000 -63096000 9700000 -152098000 30066000 -0.80 0.17 -2.00 0.53 79246069 56559924 76214929 56465136 -0.80 0.17 -2.00 0.53 79246069 56572519 76214929 56477888 1.11 0.95 2.18 1.8875 3100000 -9800000 -8600000 -13900000 -13000 -23000 4000 8000 -156000 -2000 -171000 -321000 289000 -4051000 4000 460000 -4051000 325000 -63517000 10204000 -158083000 30229000 -421000 125000 -3560000 -9000 -63096000 10079000 -154523000 30238000 1700000 109223000 27993000 -548000 -816000 25086000 4566000 2141000 40465000 -5367000 252012000 23489000 -2028000 885000 189000 -89312000 10030000 -1957000 319000 -2071000 -25262000 13081000 10851000 152000 1227000 -3580000 -877000 67813000 -51000 -10489000 270000 -5461000 -313000 1135000 1592000 1356000 193944000 131335000 236956000 232947000 12297000 50025000 36053000 -522000 -46000 -286459000 -256657000 1654569000 104884000 1744761000 16726000 487937000 162967000 104502000 532000 1238000 1406000 16540000 17000 14293000 2317000 188000 130000 10975000 -2599000 -1419000 -915000 212983000 -23468000 -298000 120170000 -148790000 233373000 84583000 168000 286000 887000 322000 16359000 2501000 398000 182513000 18100000 750000 750000 25000 79000 2428334000 60360000 39000 406000 5909000 4254000 54038000 24173000 10 2 69 8660 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>1. Organization and Description of Business </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Macquarie Infrastructure Corporation, a Delaware corporation, is the successor to Macquarie Infrastructure Company LLC (&#147;MIC LLC&#148;) pursuant to the conversion (the &#147;Conversion&#148;) of MIC LLC into a corporation on May 21, 2015. MIC LLC was formed on April 13, 2004. Except as otherwise specified, all references in this Form 10-Q to &#147;MIC&#148; or the &#147;Company,&#148; refer (i) from and after the time of the Conversion, to Macquarie Infrastructure Corporation and its subsidiaries and (ii) prior to the Conversion, to the predecessor MIC LLC and its subsidiaries. Except as otherwise specified, all references in this Form 10-Q to &#147;common stock&#148; or &#147;shares&#148; refer (i) from and after the time of the Conversion, to common stock and (ii) prior to the Conversion, LLC interests.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company owns, operates and invests in a diversified group of infrastructure businesses in the United States. Macquarie Infrastructure Management (USA) Inc. is the Company's manager and is referred to in these financial statements as the Manager. The Manager is a wholly-owned subsidiary within the Macquarie Group of companies, which is comprised of Macquarie Group Limited and its subsidiaries and affiliates worldwide. Macquarie Group Limited is headquartered in Australia and is listed on the Australian Stock Exchange. MIC is a non-operating holding company with a Board of Directors and other corporate governance responsibilities. MIC is treated as a corporation for tax purposes.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company owns its businesses through its direct wholly-owned subsidiary MIC Ohana Corporation, the successor to Macquarie Infrastructure Company Inc. pursuant to the Conversion on May 21, 2015. The Company's businesses operate predominantly in the United States and consist of the following:</p> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">&#149;</td> <td style="text-align: left;"><b><i>International-Matex Tank Terminals</i></b> <b><i>(&#147;IMTT&#148;)</i></b>: a bulk liquid terminals business that provides bulk liquid storage, handling and other services at <font>ten</font> marine terminals in the United States and <font>two</font> in Canada and is one of the larger participants in this industry in the U.S., based on storage capacity;</td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">&#149;</td> <td style="text-align: left;"><b><i>Atlantic Aviation</i></b>: a network of aviation fixed-base operations (&#147;FBOs&#148;) that provide fuel, terminal, aircraft hangaring and other services primarily to owners and operators of general aviation (&#147;GA&#148;) aircraft at <font>69</font> airports in the U.S.;</td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">&#149;</td> <td style="text-align: left;"><b><i>Contracted Power and Energy</i></b> <b><i>(&#147;CP&amp;E&#148;) Segment</i></b>: controlling interests in solar, wind and gas-fired power generation facilities in the U.S.; and</td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">&#149;</td> <td style="text-align: left;"><b><i>Hawaii Gas</i></b>: a gas energy company processing and distributing gas and providing related services in Hawaii.</td> </tr> </table> </div> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> 12525 7843 10172 4238274 4183427 4246117 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>2. Basis of Presentation </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (&#147;GAAP&#148;) and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The consolidated balance sheet at December 31, 2014 has been derived from audited financial statements but does not include all of the information and notes required by GAAP for complete financial statements. Certain reclassifications were made to the financial statements for the prior period to conform to current period presentation.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The interim financial information contained herein should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2014 included in the Company's Annual Report on Form 10-K, as filed with the SEC on February 18, 2015. Operating results for the quarter and six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015 or for any future interim periods.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;"><br/></h4> <h4 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Use of Estimates</h4> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The preparation of unaudited consolidated condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure related thereto at the date of the unaudited consolidated condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Management evaluates these estimates and assumptions on an ongoing basis.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited interim consolidated condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;"><br/></h4> <h4 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Recently Issued Accounting Standards</h4> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On July 22, 2015, the FASB issued Accounting Standards Update (&#147;ASU&#148;) No. 2015-11,&#160;Inventory (Topic 330): Simplifying the Measurement of Inventory,&#160;which changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. The ASU defines net realizable value as the &#147;estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation&#148;. The ASU will not apply to inventories that are measured by using either the last-in, first-out (LIFO) method or the retail inventory method. The guidance in the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is allowed. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 7, 2015, the FASB issued ASU No. 2015-03,&#160;Interest&#160;&#151;&#160;Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments. The guidance in the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed. The standard must be applied retrospectively to all prior periods presented. The Company will include appropriate disclosures related to debt issuance costs in accordance with the standard when it adopts the provisions of this ASU.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On February 18, 2015, the FASB issued ASU No. 2015-02,&#160;Consolidation (Topic 810): Amendments to the Consolidation Analysis, which changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a variable interest entity (&#147;VIE&#148;), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. The ASU significantly changes how to evaluate voting rights for entities that are not similar to limited partnerships when determining whether the entity is a VIE, which may affect entities for which the decision making rights are conveyed through a contractual arrangement. The ASU is effective for annual and interim periods in fiscal years beginning after December 15, 2015. Early adoption is allowed, including early adoption in an interim period. A reporting enterprise may apply a modified retrospective approach or full retrospective application. The Company has not yet determined the effect of the standard on its ongoing financial reporting.</p> <p style="text-indent: 20px; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On May 28, 2014, the FASB issued ASU No. 2014-09,&#160;Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2018. Early application is permitted to the original effective date of January 1, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: 'Times New Roman'; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> 12595 12752 4193599 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>3. (Loss) Income per Share </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Following is a reconciliation of the basic and diluted number of shares of common stock used in computing (loss) income per share:</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Weighted average number of shares outstanding: basic</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,246,069</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,559,924</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>76,214,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,465,136</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Dilutive effect of restricted stock unit grants and convertible senior notes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,595</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,752</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Weighted average number of shares outstanding: diluted</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,246,069</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,572,519</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>76,214,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,477,888</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Restricted stock unit grants totaling <font>8,660</font> provided to the independent directors on June 18, 2015, which will vest during the second quarter of 2016, and the <font>12,525</font> provided to the independent directors on May 21, 2014, which vested during the second quarter of 2015, and the convertible senior notes that were issued on July 15, 2014 were anti-dilutive due to the Company's net loss for the quarter and six months ended June 30, 2015. As such, the following represents the weighted average potential dilutive shares of common stock that were excluded from the diluted (loss) income per share calculation:</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Restricted stock unit grants</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,843</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,172</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Convertible senior notes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,238,274</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,183,427</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,246,117</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,193,599</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The effect of potentially dilutive shares for the quarter and six months ended June 30, 2014 is calculated assuming that the <font>12,525</font> restricted stock unit grants provided to the independent directors on May 21, 2014, which vested during the second quarter of 2015, and the <font>12,910</font> restricted stock unit grants provided to the independent directors on May 20, 2013, which vested during the second quarter of 2014, had been fully converted to shares on those grant dates.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Weighted average number of shares outstanding: basic</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,246,069</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,559,924</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>76,214,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,465,136</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Dilutive effect of restricted stock unit grants and convertible senior notes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,595</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,752</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Weighted average number of shares outstanding: diluted</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,246,069</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,572,519</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>76,214,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>56,477,888</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 6368000 179000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Restricted stock unit grants</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,843</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,172</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Convertible senior notes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,238,274</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,183,427</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,246,117</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,193,599</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 1.00 724300000 215200000 509100000 512 0.625 12440000 5471000 3155000 1835000 479000 23380000 719990000 61463000 26462000 831295000 1926000 1084000 5250000 6196000 21003000 503827000 75392000 15279000 538000 616039000 215256000 P17Y P13Y 9100000 106100000 134 203 316200000 163900000 2000000 2810531000 28984000 28664000 103908000 72241000 4432212000 3664369000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>4. Acquisitions </strong></h2> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">CP&amp;E&#160;&#151;&#160;Bayonne Energy Center (&#147;BEC&#148;) Acquisition</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 1, 2015, the Company completed the acquisition of a <font>100</font>% interest in BEC for a purchase price of $<font>724.3</font> million (subject to post-closing working capital adjustments), which consisted of $<font>215.2</font> million in cash and the assumption of $<font>509.1</font> million of debt, excluding transaction costs. The Company funded the cash consideration for the acquisition by drawing on the MIC senior secured revolving credit facility and using cash on hand.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">BEC is a <font>512</font> megawatt gas-fired power generating facility located in Bayonne, New Jersey, adjacent to IMTT's Bayonne terminal. BEC has tolling agreements with a creditworthy off-taker for <font>62.5</font>% of its power generating capacity and power produced is delivered to New York City via a dedicated transmission cable under New York Harbor.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The acquisition has been accounted for as a business combination. Accordingly, the results of operations of BEC are included in the consolidated condensed statement of operations and as a component of the Company's CP&amp;E segment since April 1, 2015. The preliminary allocation of the purchase price for BEC's assets acquired and liabilities assumed was as follows ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Restricted cash</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,440</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accounts receivable</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,471</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Inventories</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,155</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Prepaid expenses</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,835</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other current assets</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>479</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total current assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>23,380</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment and leasehold improvements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>719,990</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Intangible assets&#160;&#150;&#160;contractual arrangements⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>61,463</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Goodwill⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>26,462</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets acquired</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>831,295</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accounts payable</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,926</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accrued expenses</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,084</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Current portion of long-term debt</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,250</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;current</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,196</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Tolling agreements&#160;&#150;&#160;current⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,368</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other current liabilities</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>179</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total current liabilities</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>21,003</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Long-term debt, net of current portion</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>503,827</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Tolling agreements&#160;&#150;&#160;noncurrent⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>75,392</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,279</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other noncurrent liabilities</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>538</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total liabilities assumed</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>616,039</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net assets acquired</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>215,256</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Contractual arrangements are being amortized over a <font>seventeen</font> year period.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Goodwill is deductible for tax purposes.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(3)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Tolling agreements represent agreements with an off-taker where BEC agreed to sell <font>62.5</font>% of its capacity, energy and ancillary services for fixed monthly tolling and capacity payments and monthly variable operation and maintenance fees (&#147;O&amp;M&#148;). Fixed payments received under these contracts were below prevailing market rates at the date of acquisition. The difference between the present value of the fixed payments and the present value of the market rates at the date of acquisition is recorded as a liability on the consolidated condensed balance sheet as part of purchase accounting. This liability will be amortized over the weighted average life of the tolling agreements of&#160;approximately <font>thirteen</font> years.</div> </td> </tr> </table> </div> </div> <div class="CursorPointer"><br/></div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The preliminary fair value of the acquired assets and liabilities assumed were determined using various valuation techniques, including the market, income and/or cost approaches. The Company is still in the process of reviewing the valuation of the assets acquired and liabilities assumed and expect such process to be completed by September 30, 2015. Had the acquisition occurred as of January 1, 2015, the consolidated results of operations would not have been materially different. For the six months ended June 30, 2015, the Company incurred acquisition costs of approximately $<font>9.1</font> million in connection with this acquisition, which are included in selling, general, and administrative expenses.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">CP&amp;E&#160;&#151; 2014 Wind Power Generation Facilities Acquisition</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In 2014, the Company acquired controlling interests in wind power generation facilities, consisting of Brahms Wind, LLC, Exergy Idaho Holdings, LLC and Idaho Wind Partners 1, LLC (collectively the &#147;2014 wind power generation facilities&#148;), for a combined purchase price of $<font>106.1</font> million. These wind farms have a total of <font>134</font> turbines located in New Mexico and Idaho and have a total wind power generation capacity of <font>203</font> megawatts of electricity. The Company entered into LLC agreements with the noncontrolling interest co-investors whose interests in these projects are reflected in noncontrolling interests in the consolidated condensed financial statements.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the six months ended June 30, 2015, the Company completed the purchase price allocation associated with the acquisitions. Substantially all of the purchase price has been allocated to the wind turbines, which have a fair value of $<font>316.2</font> million, and is primarily offset by $<font>163.9</font> million of amortizing term loan debt and noncontrolling interests. The fair value was determined using various valuation techniques, including the market approach, income approach and/or cost approach.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">For the year ended December 31, 2014, the Company recorded transaction related costs of $<font>2.0</font> million in selling, general and administrative expenses for these investments. Had the acquisitions occurred as of January 1, 2014, the consolidated results of operations would not have been materially different.</p> </div> 394235000 301784000 2800000 4200000 342232000 350000 350000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Restricted cash</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,440</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accounts receivable</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,471</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Inventories</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,155</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Prepaid expenses</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,835</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other current assets</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>479</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total current assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>23,380</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment and leasehold improvements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>719,990</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Intangible assets&#160;&#150;&#160;contractual arrangements⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>61,463</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Goodwill⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>26,462</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets acquired</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>831,295</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accounts payable</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,926</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Accrued expenses</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,084</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Current portion of long-term debt</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,250</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;current</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,196</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Tolling agreements&#160;&#150;&#160;current⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,368</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other current liabilities</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>179</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total current liabilities</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>21,003</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Long-term debt, net of current portion</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>503,827</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Tolling agreements&#160;&#150;&#160;noncurrent⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>75,392</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,279</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other noncurrent liabilities</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>538</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total liabilities assumed</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>616,039</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net assets acquired</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>215,256</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Contractual arrangements are being amortized over a <font>seventeen</font> year period.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Goodwill is deductible for tax purposes.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(3)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Tolling agreements represent agreements with an off-taker where BEC agreed to sell <font>62.5</font>% of its capacity, energy and ancillary services for fixed monthly tolling and capacity payments and monthly variable operation and maintenance fees (&#147;O&amp;M&#148;). Fixed payments received under these contracts were below prevailing market rates at the date of acquisition. The difference between the present value of the fixed payments and the present value of the market rates at the date of acquisition is recorded as a liability on the consolidated condensed balance sheet as part of purchase accounting. This liability will be amortized over the weighted average life of the tolling agreements of&#160;approximately <font>thirteen</font> years.</div> </td> </tr> </table> </div> </div> 271521000 272110000 131000 131000 40986000 40730000 562859000 439962000 3423823000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>5. Property, Equipment, Land and Leasehold Improvements </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Property, equipment, land and leasehold improvements at June 30, 2015 and December 31, 2014 consist of the following ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Land</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>271,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>272,110</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Easements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>131</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>131</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Buildings</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>40,986</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>40,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Leasehold and land improvements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>562,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>439,962</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Machinery and equipment</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,423,823</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,810,531</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Furniture and fixtures</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,984</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,664</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Construction in progress</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>103,908</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>72,241</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,432,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,664,369</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated depreciation</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(394,235</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(301,784</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment, land and leasehold improvements, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,037,977</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,362,585</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">As discussed in Note 4, &#147;Acquisitions&#148;, the Company acquired $<font>720.0</font> million in property, equipment and leasehold improvements from the acquisition of BEC on April 1, 2015.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the quarter ended March 31, 2015, Atlantic Aviation reassessed the useful lives of its leasehold and land improvements related to leases at certain airports to generally match these useful lives with the remaining lease terms plus extensions under Atlantic Aviation's control. This change will generally accelerate depreciation expense at the affected sites. During the quarter ended March 31, 2015, as a result of this reassessment, the business performed an impairment analysis related to its leasehold and land improvements and recorded an impairment of $<font>2.8</font>&#160;million, which was included in depreciation expense. The change in useful life also resulted in increased depreciation expense of $<font>2.1</font> million for the six months ended June 30, 2015.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In addition, during the quarter ended March 31, 2015, an impairment charge of $<font>4.2</font> million was recorded due to a change in the current lease contract at one of the bases. This amount was included in depreciation expense.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Land</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>271,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>272,110</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Easements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>131</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>131</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Buildings</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>40,986</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>40,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Leasehold and land improvements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>562,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>439,962</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Machinery and equipment</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,423,823</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,810,531</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Furniture and fixtures</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,984</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,664</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Construction in progress</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>103,908</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>72,241</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,432,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,664,369</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated depreciation</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(394,235</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(301,784</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment, land and leasehold improvements, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,037,977</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,362,585</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 891988000 873406000 9665000 9665000 341457000 16091000 16091000 8760000 8760000 1268311000 1250504000 308235000 290870000 13500000 17800000 2120424000 123200000 965000 29906000 -6241000 720000 1.11 2015-08-18 2015-08-13 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>6. Intangible Assets </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Intangible assets at June 30, 2015 and December 31, 2014 consist of the following ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>December 31, 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contractual arrangements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>891,988</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>873,406</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Non-compete agreements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Customer relationships</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>341,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>342,232</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Leasehold rights</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Trade names</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,091</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,091</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Technology</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,760</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,760</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,268,311</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,250,504</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(308,235</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(290,870</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Intangible assets, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>960,076</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>959,634</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">As discussed in Note 4, &#147;Acquisitions&#148;, the Company acquired $<font>61.5</font> million in contractual arrangements from the acquisition of BEC on April 1, 2015.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the quarter ended March 31, 2015, Atlantic Aviation reassessed the useful lives of its contractual arrangements related to leases at certain airports to generally match these useful lives with the remaining lease terms plus extensions under Atlantic Aviation's control. This change will generally accelerate amortization expense at the affected sites. During the quarter ended March 31, 2015, as a result of this reassessment, the business performed an impairment analysis related to its contractual arrangements and recorded an impairment of $<font>13.5</font>&#160;million, which was included in amortization expense. The change in useful life also resulted in increased amortization expense of $<font>9.1</font> million for the six months ended June 30, 2015.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In addition, during the quarter ended March 31, 2015, an impairment charge of $<font>17.8</font> million was recorded due to a change in the current lease contract at one of the bases. This amount was included in amortization expense.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The goodwill balance as of June 30, 2015 is comprised of the following ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Goodwill acquired in business combinations, net of disposals, at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,120,424</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated impairment charges</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(123,200</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(965</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,996,259</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Add: goodwill related to 2015 acquisitions</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>29,906</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: purchase accounting adjustments related to 2014 acquisitions</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(6,241</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(720</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,019,204</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company tests for goodwill impairment at the reporting unit level on an annual basis on October 1^st of each year and between annual tests if a triggering event indicates impairment. There were no triggering events indicating impairment for the six months ended June 30, 2015.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>December 31, 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contractual arrangements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>891,988</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>873,406</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Non-compete agreements</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Customer relationships</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>341,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>342,232</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Leasehold rights</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Trade names</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,091</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,091</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Technology</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,760</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,760</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,268,311</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,250,504</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(308,235</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(290,870</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Intangible assets, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>960,076</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>959,634</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Goodwill acquired in business combinations, net of disposals, at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,120,424</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: accumulated impairment charges</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(123,200</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(965</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,996,259</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Add: goodwill related to 2015 acquisitions</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>29,906</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: purchase accounting adjustments related to 2014 acquisitions</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(6,241</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(720</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,019,204</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 2015-07-30 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>14. Subsequent Events </strong></h2> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Dividend</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On <font>July 30, 2015</font>, the Board of Directors declared a dividend of $<font>1.11</font>&#160;per share for the quarter ended June 30, 2015, which is expected to be paid on <font>August 18, 2015</font> to holders of record on <font>August 13, 2015</font>.</p> <h1 style="text-indent: 0pt; text-align: center; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 9pt 0pt 3pt 0pt; margin: 0pt;"><br/></h1> </div> 800000 1400000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>7. Long-Term Debt </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">At June 30, 2015 and December 31, 2014, the Company's consolidated long-term debt comprised the following ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,129,322</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>953,061</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>607,972</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>611,328</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">CP&amp;E</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>543,814</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>298,132</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>180,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>180,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">MIC Corporate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>349,975</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,811,083</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,392,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: current portion</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(28,346</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,655</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Long-term portion</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,782,737</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,364,866</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The total undrawn capacity on the revolving credit facilities at IMTT, Atlantic Aviation, Hawaii Gas and MIC Corporate were $<font>1.1</font> billion at June 30, 2015.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>MIC Corporate </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 1, 2015, the Company drew down $<font>155.0</font> million on the MIC senior secured revolving credit facility to partially fund the BEC acquisition. This amount was subsequently repaid in May 2015 and the balance remained undrawn at June 30, 2015. On May 1, 2015, MIC increased the aggregate commitments under its revolving credit facility from $<font>250.0</font> million to $<font>360.0</font> million with all terms remaining the same. In July 2015, the Company drew $<font>191.0</font> million, and together with cash on hand, fully repaid the outstanding balance of $<font>251.5</font> million of term loan debt at BEC.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">As a result of the Conversion, holders of the Company's $<font>350.0</font> million of outstanding convertible senior notes that chose to convert those securities into the Company's shares from May 21, 2015, the effective date of the Conversion, until the close of business on June 18, 2015, were entitled to an increased conversion rate of <font>12.7836</font> shares (from the initial conversion rate of <font>11.7942</font> shares) per $<font>1,000</font> face amount of the notes. During this period, $<font>23,000</font> face amount of the notes were converted into shares of common stock of the Company. To date, $<font>25,000</font> face amount of the notes have been converted into shares of common stock of the Company.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>IMTT </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Effective May 21, 2015, ITT Holdings LLC (&#147;ITT LLC&#148;), a direct subsidiary of IMTT Holdings LLC and an indirect subsidiary of the Company, entered into a Credit Agreement (the &#147;Credit Agreement&#148;), among ITT LLC, IMTT&#160;&#150;&#160;Quebec Inc. and IMTT&#160;&#150;&#160;NTL, LTD. as Canadian borrowers, Sun Trust Bank as administrative agent and the lenders thereto. The Credit Agreement provides for&#160;(a) a $<font>550.0</font> million unsecured revolving credit facility for ITT LLC and (b) the Canadian dollar equivalent of a $<font>50.0</font> million unsecured revolving credit facility for the Canadian borrowers. In addition, ITT LLC entered into a Note Purchase Agreement for the issuance of $<font>325.0</font> million aggregate principal amount of <font>3.92</font>% Guaranteed Senior Notes, Series A due <font>2025</font> (the &#147;Series A Notes&#148;) and $<font>275.0</font> million aggregate principal amount of <font>4.02</font>% of Guaranteed Senior Notes, Series B due <font>2027</font> (the &#147;Series B Notes&#148; and, together with the Series A Notes, the &#147;Notes&#148;). The Notes are unsecured. Proceeds of the Notes issuance and the revolving credit facility borrowings were used to repay all amounts under the existing IMTT credit agreement and will be used to finance working capital needs, capital expenditures, acquisitions, dividends and distributions and for other general corporate purposes.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In connection with this refinancing, $<font>509.0</font> million of IMTT's outstanding Gulf Opportunity Zone Bonds (&#147;GO Zone Bonds&#148;) and New Jersey Economic Development Authority Bonds (&#147;NJ Bonds&#148; and, together with the Go Zone Bonds, the &#147;Tax Exempt Bonds&#148;) were repurchased. The GO Zone Bonds were reissued and sold to certain lenders under the Credit Agreement. The NJ Bonds were financed with a new issuance of tax exempt bonds and sold to certain lenders under the Credit Agreement.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Revolving Credit Facility</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The revolving credit facility will be used primarily to fund IMTT's growth capital expenditures in the U.S. and Canada and for general corporate purposes. The terms of IMTT's U.S. dollar and Canadian dollar portion of its revolving credit facility at June 30, 2015 are summarized in the table below.</p> <div style="text-align: center;"> <div> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>USD Revolving Credit Facility</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>CAD Revolving Credit Facility</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total Committed Amount</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>550.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>50.0</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Undrawn</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>797,000</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2020</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2020</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Revolving, payable at maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Revolving, payable at maturity</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">LIBOR plus <font>1.625</font>% at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Bankers' Acceptances (BA) Rate plus <font>1.625</font>% at June 30, 2015</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Commitment Fees</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>0.3125</font>% at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>0.3125</font>% at June 30, 2015</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;"></td> <td style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;"></td> <td style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> </div> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Senior Notes</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The key terms of the senior notes at June 30, 2015 are summarized in the table below.</p> <div style="text-align: center;"> <div> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Senior&#160;Notes, Series A</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Senior&#160;Notes, Series B</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>325.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>275.0</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2025</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2027</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>3.92</font>% per annum</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>4.02</font>% per annum</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> </div> <h4 style="color: #000000; font-variant: normal; letter-spacing: normal; orphans: auto; text-indent: 0pt; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-weight: normal; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Louisiana Public Facilities Authority Bonds and Ascension Parish Bonds (&#147;LA Bonds&#148;)</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The key terms of the LA Bonds at June 30, 2015 are summarized in the table below.</p> <div style="text-align: center;"> <div> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Facility Terms</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2007</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">The&#160;Industrial Development Board of the Parish of Ascension, Louisiana Revenue Bonds, Series 2007</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Gulf Opportunity Zone Revenue Bonds, Series 2010</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2010A</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2010B</font></strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>50.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>165.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>85.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>90.9</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>81.8</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>June 2043</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>June 2043</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>August 2046</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>December 2040</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>December 2040</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>75</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>75</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>67</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>67</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied by <font>67</font>%</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;"><em>New Jersey Economic Development Authority Bond (&#147;NJEDA Bond&#148;)</em><br/></p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The key terms of the NJEDA Bond at June 30, 2015 are summarized in the table below.</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>New Jersey Economic Development Authority<br/> Revenue Refunding Bonds, Series 2015</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>36.3</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">December 2027</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied by <font>75</font>%</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">IMTT entered into <font>two</font> monthly LIBOR swaps, maturing in <font>June 2021</font>, with a total notional amount of $<font>361.1</font> million. These swaps hedge the floating LIBOR interest rate risk associated with the tax-exempt bonds for six years at&#160;<font>1.677</font>%.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In addition to the debt facilities discussed above, the key terms of IMTT's loans from its previous shareholders, other than MIC, remains unchanged. The shareholder loans have a fixed interest rate of <font>5.5</font>% and are repaid over <font>15</font> years by IMTT Holdings Inc. with equal quarterly amortization that commenced March 31, 2008. Shareholder loans of $<font>19.6</font> million were outstanding as of June 30, 2015.<b><i></i></b></p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>CP&amp;E </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On June 3, 2015, the wind power generation facility located in Idaho amended its term loan facility to reduce the cost of borrowings. The margin on the floating interest rate decreased from <font>2.75</font>% to <font>1.625</font>% with all other terms remaining substantially unchanged. The floating interest rate on the amortizing debt balance has been fixed using interest rate swap contracts. A portion of the interest rate swap contracts were amended increasing the fixed rate by <font>0.20</font>%. The weighted average rate fixed with the interest rate swap contracts and margin was <font>4.755</font>%.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 1, 2015, the Company acquired BEC and assumed $<font>509.1</font> million of amortizing term loan debt. BEC also has a $<font>30.0</font> million revolving credit facility which can be utilized for the issuance of letters of credit and for general corporate purposes. As of the date of the acquisition, $<font>19.0</font> million of the revolving credit facility capacity was utilized for a letter of credit issued to fulfill debt service reserve requirements under the debt agreements. The remainder of the facility was unutilized. Both the term loan facility and any drawn amounts under the revolving credit facility bear interest of LIBOR plus <font>4.0</font>%, with a <font>1.0</font>% LIBOR floor. Letters of credit issued under the revolving credit facility bear fees of <font>4.125</font>% per annum. The revolving credit facility matures in August 2019 and the term loan facility matures in <font>August 2021</font>.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">BEC has <font>three</font> interest rate swaps for a majority of its floating interest rate exposure through the maturity of the term loan at a fixed rate of <font>3.455</font>% (through December 31, 2016) with periodic step-ups in the fixed rate to <font>3.705</font>% (through December 31, 2018) and <font>3.955</font>% (through August 18, 2021). As of June 30, 2015, the interest rate swaps have a notional amount of $<font>249.9</font> million.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the quarter ended June 30, 2015, the Company repaid $<font>257.6</font> million of principal on the term loan debt through mandatory and voluntary payments. At June 30, 2015, the outstanding balance on BEC's debt facilities totaled $<font>251.5</font> million. In July 2015, the Company drew $<font>191.0</font> million from the MIC senior secured revolving credit facility, and together with cash on hand, fully repaid the outstanding balance of $<font>251.5</font> million of term loan debt at BEC. Concurrently, the Company paid $<font>19.2</font> million in interest rate swap breakage fees.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,129,322</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>953,061</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>607,972</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>611,328</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">CP&amp;E</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>543,814</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>298,132</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>180,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>180,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">MIC Corporate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>349,975</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>350,000</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,811,083</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,392,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Less: current portion</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(28,346</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,655</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Long-term portion</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,782,737</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,364,866</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 607972000 611328000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>USD Revolving Credit Facility</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>CAD Revolving Credit Facility</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total Committed Amount</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>550.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>50.0</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Undrawn</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>797,000</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2020</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2020</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Revolving, payable at maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Revolving, payable at maturity</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">LIBOR plus <font>1.625</font>% at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Bankers' Acceptances (BA) Rate plus <font>1.625</font>% at June 30, 2015</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Commitment Fees</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>0.3125</font>% at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>0.3125</font>% at June 30, 2015</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;"></td> <td style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;"></td> <td style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Senior&#160;Notes, Series A</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Senior&#160;Notes, Series B</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>325.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>275.0</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2025</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>May 21, 2027</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>3.92</font>% per annum</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>4.02</font>% per annum</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Facility Terms</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2007</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">The&#160;Industrial Development Board of the Parish of Ascension, Louisiana Revenue Bonds, Series 2007</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Gulf Opportunity Zone Revenue Bonds, Series 2010</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2010A</font></strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Louisiana Public Facilities Authority Revenue Bonds, Series 2010B</font></strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>50.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>165.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>85.0</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>90.9</font> million</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>81.8</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>June 2043</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>June 2043</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>August 2046</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>December 2040</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';"><font>December 2040</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>75</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>75</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>67</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left;">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied<br/> by <font>67</font>%</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied by <font>67</font>%</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: text-top; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td></td> </tr> <tr style="vertical-align: top;"> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Facility Terms</strong></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>New Jersey Economic Development Authority<br/> Revenue Refunding Bonds, Series 2015</strong></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amount Outstanding at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">$<font>36.3</font> million</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Maturity</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">December 2027</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Payable at maturity, subject to tender in <font>May 2022</font></td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest Rate</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">One-month LIBOR plus Revolving Credit Facility margin plus <font>0.625</font>% multiplied by <font>75</font>%</td> </tr> <tr style="vertical-align: top;"> <td style="padding-left: 10pt; text-indent: 0pt; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Security</td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;" rowspan="1">&#160;</td> <td rowspan="1" colspan="1" style="text-align: left; ;font-family: 'Times New Roman';">Unsecured</td> </tr> </table> </div> 1129322000 953061000 543814000 298132000 180000000 180000000 349975000 350000000 2811083000 2392521000 550000000 50000000 797000 2020-05-21 2020-05-21 0.01625 0.01625 0.003125 0.003125 325000000 275000000 2025-05-21 2027-05-21 0.0392 0.0402 50000000 165000000 85000000 90900000 81800000 0.00625 0.75 0.00625 0.75 0.00625 0.67 0.00625 0.67 0.00625 0.67 36300000 0.00625 0.75 1100000000 155000000 250000000 360000000 191000000 350000000 12.7836 11.7942 1000 23000 25000 509000000 0.055 P15Y 19600000 0.0275 0.01625 0.002 0.04755 30000000 19000000 0.04 0.01 0.04125 3 0.03455 0.03705 0.03955 249900000 251500000 257600000 251500000 19200000 1500000000 1200000000 150200000 2 361100000 0.01677 31400000 21500000 255100000 19000000 -269000 -508000 8276000 584000 8276000 584000 24846000 32111000 23689000 27724000 48535000 59835000 -1000 3087000 -8618000 -9832000 -13950000 -952000 -970000 2135000 -8618000 -10802000 -13951000 -8300000 -13400000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>8. Derivative Instruments and Hedging Activities </strong></h2> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Interest Rate Swap Contracts </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company and certain of its businesses have in place variable-rate debt. Management believes that it is prudent to limit the variability of the business' interest payments. To meet this objective, the Company enters into interest rate swap agreements to manage fluctuations in cash flows resulting from interest rate risk on a portion of its debt with a variable-rate component. These swaps change the variable-rate cash flow exposure on the debt obligations to fixed cash flows. Under the terms of the interest rate swaps, the Company receives variable interest rate payments and makes fixed interest rate payments, thereby creating the equivalent of fixed-rate debt for the portion of the debt that is swapped. At June 30, 2015, the Company had $<font>2.8</font> billion of current and long-term debt, $<font>1.5</font> billion of which was economically hedged with interest rate contracts, $<font>1.2</font> billion fixed rate debt and $<font>150.2</font> million of which was unhedged.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company elected to discontinue hedge accounting in 2009. In prior periods, when the Company applied hedge accounting, changes in the fair value of derivatives that effectively offset the variability of cash flows on the Company's debt interest obligations were recorded in other comprehensive income or loss. From the dates that hedge accounting was discontinued, all movements in the fair value of the interest rate swaps are recorded directly through earnings. As interest payments were made, a portion of the other comprehensive loss recorded under hedge accounting was also reclassified into earnings. At December 31, 2014, the other comprehensive loss was fully amortized.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The following discussion represents new or amended interest rate swap contracts that were entered into during the six months ended June 30, 2015.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On June 1, 2015, IMTT, as part of the IMTT refinancing in May 2015, entered into <font>two</font> monthly LIBOR swaps, maturing in June 2021, with a total notional amount of $<font>361.1</font> million. These swaps hedge the floating LIBOR interest rate risk associated with the tax-exempt bonds for <font>six</font> years at <font>1.677</font>%. Concurrent with the refinancing, IMTT paid $<font>31.4</font>&#160;million in interest rate swap breakage fees associated with the termination of out-of-the-money interest rate swap contracts related to prior debt facilities.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On June 3, 2015, the wind power generation facility located in Idaho amended its term loan facility to reduce the cost of borrowings. The margin on the floating interest rate decreased from <font>2.75</font>% to <font>1.625</font>% with all other terms remaining substantially unchanged. The floating interest rate on the amortizing debt balance has been fixed using interest rate swap contracts. A portion of the interest rate swap contracts were amended increasing the fixed rate by <font>0.20</font>%. The weighted average rate fixed with the interest rate swap contracts and margin was <font>4.755</font>%.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 1, 2015, the Company acquired BEC and assumed $<font>509.1</font> million of amortizing term loan debt and interest rate swaps with a fair value of $<font>21.5</font> million. The amortizing interest rate swaps had a notional of $<font>255.1</font> million that matures with the term loan debt in August 2021. The term loan facility bears interest of LIBOR plus <font>4.0</font>%, with a <font>1.0</font>% LIBOR floor. BEC has <font>three</font> interest rates swaps for a majority of its floating interest rate exposure through the maturity of the term loan at a fixed rate of <font>3.455</font>% (through December 31, 2016) with periodic step-ups in the fixed rate to&#160;<font>3.705</font>% (through December 31, 2018) and&#160;<font>3.955</font>% (through August 18, 2021). As of June 30, 2015, the interest rate swaps had a notional amount of $<font>249.9</font> million and a fair value of $<font>19.0</font> million recorded in the consolidated condensed balance sheet.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Commodity Price Hedges </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The risk associated with fluctuations in the prices Hawaii Gas pays for propane is principally a result of market forces reflecting changes in supply and demand for propane and other energy commodities. Hawaii Gas's gross profit is sensitive to changes in propane supply costs and Hawaii Gas may not always be able to pass through product cost increases fully or on a timely basis, particularly when product costs rise rapidly. In order to reduce the volatility of the business' propane market price risk, Hawaii Gas had used and expects to continue to use over-the-counter commodity derivative instruments including price swaps. Hawaii Gas does not use commodity derivative instruments for speculative or trading purposes. Over-the-counter commodity derivative instruments utilized by Hawaii Gas to hedge forecasted purchases of propane are generally settled at expiration of the contract.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Financial Statement Location Disclosure for Derivative&#160;Instruments </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company measures derivative instruments at fair value using the income approach which discounts the future net cash settlements expected under the derivative contracts to a present value. These valuations utilize primarily observable (&#147;level 2&#148;) inputs, including contractual terms, interest rates and yield curves observable at commonly quoted intervals.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company's fair value measurements of its derivative instruments and the related location of the assets and liabilities associated with the hedging instruments within the consolidated condensed balance sheets at June 30, 2015 and December 31, 2014 were as follows ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Assets (Liabilities) at<br/> Fair Value⁽¹⁾</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Derivative Contracts<br/> Not Designated as<br/> Hedging Instruments</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Balance Sheet Location</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current assets⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,276</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>584</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total derivative contracts&#160;&#150;&#160;assets⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,276</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>584</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;current liabilities⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(24,846</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(32,111</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current liabilities⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,689</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,724</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total derivative contracts&#160;&#150;&#160;liabilities⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(48,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(59,835</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Fair value measurements at reporting date were made using significant other observable inputs (&#147;level 2&#148;).</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Derivative contracts include interest rate swaps.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(3)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Derivative contracts include commodity hedges.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company's hedging activities for the quarters and six months ended June 30, 2015 and 2014 and the related location within the consolidated condensed statements of operations were as follows ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Derivative Contracts Not Designated as Hedging&#160;Instruments</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Amount of Gain (Loss) Recognized in Consolidated Condensed Statements of Operations for the Quarter<br/> Ended June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Amount of Loss Recognized in Consolidated Condensed Statements of Operations for the Six Months<br/> Ended June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Financial Statement Account</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense&#160;&#150;&#160;Interest rate cap</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Interest expense&#160;&#150;&#160;Interest rate swaps⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,087</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,618</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(9,832</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(13,950</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Cost of product sales&#160;&#150;&#160;Commodity swaps</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(952</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(970</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,618</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(10,802</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(13,951</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Interest expense for the quarter and six months ended June 30, 2014 includes $<font>8.3</font> million and $<font>13.4</font> million, respectively, of derivative losses and $<font>269,000</font> and $<font>508,000</font>, respectively, for amounts reclassified from accumulated other comprehensive loss for the interest rate swap contracts.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">All of the Company's derivative instruments are collateralized by the assets of the respective businesses.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Assets (Liabilities) at<br/> Fair Value⁽¹⁾</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Derivative Contracts<br/> Not Designated as<br/> Hedging Instruments</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Balance Sheet Location</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>June 30,<br/> 2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>December 31,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current assets⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,276</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>584</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total derivative contracts&#160;&#150;&#160;assets⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,276</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>584</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;current liabilities⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(24,846</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(32,111</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white;" rowspan="1" colspan="1">Fair value of derivative instruments&#160;&#150;&#160;non-current liabilities⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,689</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,724</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total derivative contracts&#160;&#150;&#160;liabilities⁽²⁾⁽³⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(48,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(59,835</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Fair value measurements at reporting date were made using significant other observable inputs (&#147;level 2&#148;).</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Derivative contracts include interest rate swaps.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(3)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Derivative contracts include commodity hedges.</div> </td> </tr> </table> </div> </div> 5312500 796875 471600000 -636000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Derivative Contracts Not Designated as Hedging&#160;Instruments</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Amount of Gain (Loss) Recognized in Consolidated Condensed Statements of Operations for the Quarter<br/> Ended June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Amount of Loss Recognized in Consolidated Condensed Statements of Operations for the Six Months<br/> Ended June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Financial Statement Account</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense&#160;&#150;&#160;Interest rate cap</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Interest expense&#160;&#150;&#160;Interest rate swaps⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,087</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,618</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(9,832</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(13,950</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Cost of product sales&#160;&#150;&#160;Commodity swaps</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(952</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(970</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,618</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(10,802</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(13,951</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Interest expense for the quarter and six months ended June 30, 2014 includes $<font>8.3</font> million and $<font>13.4</font> million, respectively, of derivative losses and $<font>269,000</font> and $<font>508,000</font>, respectively, for amounts reclassified from accumulated other comprehensive loss for the interest rate swap contracts.</div> </td> </tr> </table> </div> </div> -8021000 -46000 -8703000 258000 -8445000 -321000 -321000 153000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>9. Stockholders' Equity </strong></h2> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Classes of Stock</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company is authorized to issue (i) <font>500,000,000</font> shares of common stock, par value $<font>0.001</font> per share, (ii) <font>100</font> shares of special stock, par value $<font>0.001</font> per share and (iii) <font>100,000,000</font> shares of preferred stock, par value $<font>0.001</font> per share. At June 30, 2015, the Company had <font>79,501,783</font> shares of common stock issued and outstanding and <font>100</font> shares of special stock issued and outstanding. There was <font>no</font> preferred stock issued or outstanding at June 30, 2015. Each outstanding share of common stock of the Company is entitled to <font>one</font> vote on any matter with respect to which holders of shares are entitled to vote.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Upon consummation of the Conversion on May 21, 2015, each issued and outstanding LLC interest of MIC LLC was converted into <font>one</font> share of common stock of the Company. The Company also issued to its Manager <font>100</font> shares of special stock. The sole purpose for the issuance of special stock to the Manager was to preserve the Manager's previously-existing right to appoint <font>one</font> director to serve as the chairman of the board of directors, which right would otherwise have been lost upon the Conversion. The special stock is not listed on any stock exchange and is non-transferable. Holders of special stock are not entitled to any dividends or to share in any distribution of assets upon the liquidation or dissolution of the Company.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">At May 21, 2015, upon consummation of the Conversion, the Company made a non-cash reclassification of $<font>79,000</font> from LLC interests to common stock, par value $<font>0.001</font> per share, with the remaining balance of LLC interests reclassified to additional paid in capital for the presentation of the consolidated condensed balance sheet.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">At the Market (&#147;ATM&#148;) Program</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On June 24, 2015, the Company entered into an equity distribution agreement providing for the sale by the Company, from time to time, of shares of its common stock having an aggregate gross offering price of up to $<font>400.0</font> million. Sales of shares, if any, will be made in privately negotiated transactions and/or any other method permitted by law, including sales deemed to be an &#147;at the market&#148; offering, which includes sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Under the terms of the equity distribution agreement, the Company may also sell shares to any sales agent as principal for its own account. The Company is under no obligation to sell shares under the ATM Program. The Company did not sell any shares under the ATM Program during the quarter ended June 30, 2015.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">MIC Direct</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company maintains a dividend reinvestment/direct share purchase program, named &#147;MIC Direct&#148;, that allows for the issuance of up to <font>1.0</font> million additional shares of common stock to participants in this program. At June 30, 2015, <font>992,405</font> shares of common stock remained unissued under MIC Direct. The Company may also choose to fill requests for reinvestment of dividends or share purchases through MIC Direct via open market purchases.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Equity Offerings</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On May 21, 2015, in connection with the Conversion, the Company filed a post-effective amendment to the automatic shelf registration statement on Form S-3 (&#147;shelf&#148;) originally filed by MIC LLC with the Securities and Exchange Commission on April 8, 2013 to issue and sell an indeterminate amount of its shares of common and preferred stock and debt securities in one or more future offerings.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On July 15, 2014, the Company completed an underwritten public offering of <font>10,000,000</font> shares pursuant to the shelf and an additional <font>1,500,000</font> shares pursuant to the exercise of the underwriters' over-allotment option. The Company received proceeds from the offering of $<font>739.2</font> million, net of underwriting fees and expenses, which were used to partially fund the acquisition of the remaining <font>50</font>% interest of IMTT that it did not previously own (&#147;IMTT Acquisition&#148;) and for general corporate purposes.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On March 2, 2015, the Company completed an underwritten public offering of <font>5,312,500</font> shares pursuant to the shelf. On March 12, 2015, an additional <font>796,875</font> shares were offered pursuant to the exercise of the underwriters' over-allotment option. The proceeds from the offering of $<font>471.6</font> million, net of underwriting fees and expenses, were partially used to fund the acquisition of BEC on April 1, 2015 and for general corporate purposes.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Accumulated Other Comprehensive Loss</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The following represents the changes and balances to the components of accumulated other comprehensive loss for the six months ended June 30, 2015 and 2014 ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Cash Flow<br/> Hedges, net<br/> of taxes^{<font>(1)</font>}</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Post-Retirement<br/> Benefit Plans,<br/> net of taxes</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Translation<br/> Adjustment,<br/> net of taxes^{<font>(2)</font>}</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Total<br/> Accumulated<br/> Other<br/> Comprehensive<br/> Loss, net of<br/> taxes</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Noncontrolling<br/> Interests</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Total<br/> Stockholders'<br/> Accumulated<br/> Other<br/> Comprehensive<br/> Loss, net of<br/> taxes</font></strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2013</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(636</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,021</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(46</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,703</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>258</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Reclassification of realized losses of derivatives into earnings</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>321</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>321</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(153</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>168</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Translation adjustment</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2014</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(315</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,021</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(42</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,378</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>105</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,273</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,837</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,696</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,146</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(21,550</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Translation adjustment</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,051</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,051</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,626</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,837</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,910</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,747</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,772</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,975</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>For the six months ended June 30, 2014, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $<font>508,000</font> and the related tax benefit of $<font>202,000</font> recorded in the consolidated condensed statement of operations; and (ii) pre-tax derivative losses of $<font>23,000</font> as an adjustment to investment in unconsolidated business and an adjustment to deferred taxes of $<font>8,000</font> recorded in the consolidated condensed balance sheet.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Translation adjustment is presented net of taxes of $<font>1.7</font> million and $<font>2,000</font> for the six months ended June 30, 2015 and 2014, respectively.</div> </td> </tr> </table> </div> </div> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> -168000 4000 4000 4000 -315000 -8021000 -42000 -8378000 105000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Cash Flow<br/> Hedges, net<br/> of taxes^{<font>(1)</font>}</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Post-Retirement<br/> Benefit Plans,<br/> net of taxes</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Translation<br/> Adjustment,<br/> net of taxes^{<font>(2)</font>}</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Total<br/> Accumulated<br/> Other<br/> Comprehensive<br/> Loss, net of<br/> taxes</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Noncontrolling<br/> Interests</font></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong><font style="font-size: 7pt;">Total<br/> Stockholders'<br/> Accumulated<br/> Other<br/> Comprehensive<br/> Loss, net of<br/> taxes</font></strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2013</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(636</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,021</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(46</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,703</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>258</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Reclassification of realized losses of derivatives into earnings</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>321</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>321</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(153</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>168</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Translation adjustment</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2014</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(315</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,021</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(42</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,378</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>105</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,273</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at December 31, 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,837</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,696</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,146</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(21,550</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Translation adjustment</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,051</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(4,051</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,626</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Balance at June 30, 2015</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,837</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,910</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(27,747</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,772</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(23,975</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>For the six months ended June 30, 2014, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $<font>508,000</font> and the related tax benefit of $<font>202,000</font> recorded in the consolidated condensed statement of operations; and (ii) pre-tax derivative losses of $<font>23,000</font> as an adjustment to investment in unconsolidated business and an adjustment to deferred taxes of $<font>8,000</font> recorded in the consolidated condensed balance sheet.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Translation adjustment is presented net of taxes of $<font>1.7</font> million and $<font>2,000</font> for the six months ended June 30, 2015 and 2014, respectively.</div> </td> </tr> </table> </div> </div> 79000 1 1 100 1 400000000 1000000 992405 10000000 1500000 739200000 0.5 -8273000 -18837000 -4859000 -23696000 2146000 -21550000 -4051000 -4051000 1626000 -2425000 -18837000 -8910000 -27747000 3772000 -23975000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>10. Reportable Segments </strong></h2> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">At June 30, 2015, the Company's businesses consist of <font>four</font> reportable segments: IMTT, Atlantic Aviation, CP&amp;E and Hawaii Gas. Prior to July 16, 2014, the Company had a <font>50</font>% investment in IMTT, which was accounted for under the equity method of accounting. Effective July 16, 2014, the date of the IMTT Acquisition, the Company consolidated the financial results of IMTT and IMTT became a reportable segment.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">For the quarter and six months ended June 30, 2014, the results of IMTT had been accounted for under the equity method of accounting. The Company recorded equity in earnings and amortization charges of investee of $<font>10.8</font> million and $<font>25.1</font> million for the quarter and six months ended June 30, 2014, respectively. This comprises the Company's <font>50</font>% share of IMTT's net income offset by step-up depreciation and amortization charges in connection with the initial <font>50</font>% investment in IMTT in May 2006.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The unaudited pro forma selected consolidated financial data set forth below gives effect to the IMTT Acquisition as if it had occurred as of January 1, 2014. The pro forma adjustments give effect to the IMTT Acquisition based upon the acquisition method of accounting in accordance with U.S. GAAP. The selected unaudited pro forma consolidated financial data is presented for illustrative purposes only and is not necessarily indicative of the results of operations of future periods or results of operations that actually would have been realized had the Company and IMTT been consolidated during the period presented ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,<br/> 2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months<br/> Ended<br/> June 30,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>423,461</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>847,734</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Net income attributable to MIC⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>52,172</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>The tax rate used to calculate net income attributable to MIC was <font>35.0</font>%.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Financial information for IMTT's business as a whole for the quarter and six months ended June 30, 2014, prior to the IMTT Acquisition, is presented below ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;">&#160;</td> <td style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black;" colspan="7"><strong>As of,&#160;and for the</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,&#160;2014⁽¹⁾</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"> <p style="margin: 0px;"><strong>Six Months Ended</strong></p> <p style="margin: 0px;"><strong> June 30,&#160;2014<strong style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6666669845581px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #fffff0;">⁽¹⁾</strong></strong></p> </td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,518</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>290,596</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,003</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>54,984</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,813</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,946</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,455</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,557</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Depreciation and amortization</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>19,646</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>37,920</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,518</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,501</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">EBITDA excluding non-cash items⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,435</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>148,908</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Capital expenditures paid</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,272</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>53,893</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment, land and leasehold improvements, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,285,148</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,285,148</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,386,959</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,386,959</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Amounts represent financial position of IMTT business prior to July 16, 2014, the date of the IMTT Acquisition.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items.</div> </td> </tr> </table> </div> </div> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">IMTT</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">IMTT provides bulk liquid terminal and handling services in North America through <font>ten</font>&#160;terminals located in the United States and partially owned terminals in Quebec and Newfoundland, Canada. IMTT derives the majority of its revenue from storage and handling of petroleum products, various chemicals, renewable fuels, and vegetable and animal oils. Based on storage capacity, IMTT operates one of the larger third-party bulk liquid terminals businesses in the United States. Revenue from IMTT is included in service revenue.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Atlantic Aviation</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Atlantic Aviation derives the majority of its revenues from fuel delivery services and from other airport services, including de-icing and aircraft hanger rental. All of the revenue of Atlantic Aviation is generated at airports in the U.S. At June 30, 2015, the business operates&#160;at&#160;<font>69</font>&#160;locations. Revenue from Atlantic Aviation is included in service revenue.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">CP&amp;E</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The CP&amp;E business segment derives revenue from the contracted power generation, comprised of solar, wind and gas-fired power generation facilities, and, through the date it was sold, the district energy business. Revenues from the solar, wind and gas-fired power generation facilities are included in product revenue and prior to August 21, 2014, the district energy business recorded revenues in service revenue and financing and equipment lease income. As of June 30, 2015, the Company has invested in <font>five</font> utility-scale solar photovoltaic power generation facilities, <font>two</font> wind power generation facilities and a gas-fired power generation facility located in the United States.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The solar and wind power generation facilities have an aggregate generating capacity of <font>260</font> megawatts of wholesale electricity to utilities. These facilities sell substantially all of the electricity generated, subject to agreed upon pricing formulas, to electric utilities pursuant to long-term (typically <font>20</font>&#160;&#150; <font>25</font> years) power purchase agreements (&#147;PPAs&#148;). These projects are held in LLCs, treated as partnerships for income tax purposes, with co-investors. The acquisition price on these projects can vary depending on, among other things, factors such as the size of the project, PPA contract terms, eligibility for tax incentives, debt package, operating cost structure and development stage. A completed project takes out all of the construction risk, testing and costs associated with construction contracts.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company has certain rights to make decisions over the management and operations of the <font>five</font> solar power generation facilities and the <font>two</font> wind power generation facilities located in the U.S. The Company has determined that it is appropriate to consolidate these projects, with the co-investors' interest reflected as &#147;noncontrolling interest&#148; in the consolidated condensed financial statements.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">As discussed in Note 4, &#147;Acquisitions&#148;, on April 1, 2015, the Company acquired <font>100</font>% of BEC. As a result of this transaction, the financial results of BEC have been consolidated as part of CP&amp;E segment since the acquisition date. BEC is a <font>512</font> megawatt gas-fired power generating facility located in Bayonne, New Jersey, adjacent to IMTT's Bayonne facility. BEC has tolling agreements with a creditworthy off-taker for <font>62.5</font>% of its power generating capacity and power produced is delivered to New York City via a dedicated transmission cable under New York Harbor.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Hawaii Gas</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Revenue from Hawaii Gas is included in product revenue. Revenue is generated from the distribution and sales of synthetic natural gas (&#147;SNG&#148;), liquefied petroleum gas (&#147;LPG&#148;) and liquefied natural gas (&#147;LNG&#148;). Revenue is primarily a function of the volume of SNG, LPG and LNG consumed by customers and the price per thermal unit or gallon charged to customers. Because both SNG and LPG are derived from petroleum, revenue levels, without organic growth, will generally track global oil prices.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">All of the business segments are managed separately and management has chosen to organize the Company around the distinct products and services offered.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Selected information by segment is presented in the following tables. The tables include financial data of IMTT for the quarter and six months ended June 30, 2015 but do not include financial data of the Company's equity investment in IMTT for the quarter and six months ended June 30, 2014.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Revenue from external customers for the Company's consolidated reportable segments was as follows ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,384</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>185,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>327,809</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,121</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,759</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>95,880</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,384</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>185,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,121</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,759</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>423,689</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation<br/></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>193,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,057</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>205,269</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,830</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,134</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>74,964</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Financing and equipment lease income</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>710</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>710</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>193,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,597</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,134</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>373,366</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>653,811</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>47,953</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,423</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>168,376</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>373,366</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>47,953</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,423</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>822,187</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>387,173</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>20,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>407,708</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>138,485</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>147,973</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Financing and equipment lease income</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>387,173</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>31,480</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>138,485</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>557,138</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;"><br/></p> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In accordance with FASB ASC 280&#160;Segment Reporting, the Company has disclosed earnings before interest, taxes, depreciation and amortization (&#147;EBITDA&#148;) excluding non-cash items as a key performance metric relied on by management in the evaluation of the Company's performance. Non-cash items include impairments, derivative gains and losses and adjustments for other non-cash items reflected in the statements of operations. EBITDA excluding non-cash items also excludes any base management fees and performance fees, if any, whether paid in cash or stock. The Company believes EBITDA excluding non-cash items provides additional insight into the performance of the operating businesses relative to each other and similar businesses without regard to their capital structure, and their ability to service or reduce debt, fund capital expenditures and/or support distributions to the holding company. EBITDA excluding non-cash items is reconciled to net income or loss.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">EBITDA excluding non-cash items for the Company's consolidated reportable segments is shown in the tables below ($ in thousands). Allocations of corporate expenses, intercompany fees and the tax effect have been excluded as they are eliminated on consolidation.</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>21,096</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,208</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(5,138</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,430</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>34,596</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>6,263</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>5,605</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>4,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>1,806</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>18,619</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,659</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,335</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,683</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,068</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>30,745</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>28,907</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>8,013</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>12,772</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>2,109</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>51,801</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,766</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,797</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,082</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>257</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,902</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,957</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>653</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,099</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,219</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>75,648</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>48,706</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>15,245</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>15,889</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>155,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,698</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,154</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,294</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,146</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,352</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,690</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,891</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,933</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,855</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>616</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,092</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,563</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Depreciation⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,789</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,363</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,983</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,818</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>326</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>312</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,456</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>88</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,125</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>408</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,629</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>39,416</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,024</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,980</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>62,420</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>41,370</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,581</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,677</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,285</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>58,559</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>13,169</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>18,690</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>11,283</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>3,749</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>46,891</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision (benefit) for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,748</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(7,304</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,865</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,600</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>33,909</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>62,022</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>23,012</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>20,038</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>4,151</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>109,223</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,530</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>58,513</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,261</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>569</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>65,873</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,213</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>925</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(5,040</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(611</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,513</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>154,052</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>104,965</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>21,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>32,743</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>313,490</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,253</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(261</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,489</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,481</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>22,917</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,335</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,678</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>31,930</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,770</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,215</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,119</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,104</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Depreciation⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,591</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,473</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>27,993</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,949</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>648</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>624</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,221</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>156</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,890</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,132</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,602</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,452</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,520</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>29,971</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>123,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Reconciliation of total reportable segments' EBITDA excluding non-cash items to consolidated net (loss) income before income taxes are as follows ($ in thousands):</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Total reportable segments EBITDA excluding non-cash items⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>155,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>62,420</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>313,490</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>123,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest income</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>7</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>31</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>13</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(22,342</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(17,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(53,863</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(31,956</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(51,801</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(14,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(109,223</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(27,993</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(17,902</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(9,456</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(65,873</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,221</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Selling, general and administrative - corporate</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(3,693</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,233</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(6,639</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(3,279</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Fees to manager&#150;related party</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(154,559</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(14,495</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(319,832</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(23,489</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Equity in earnings and amortization charges of<br/> investee⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,799</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>25,086</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Other (expense) income, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(2,151</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>1,059</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(421</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>505</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total consolidated net (loss) income before income<br/> taxes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(97,048</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,229</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(242,896</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>43,875</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>For the quarter and six months ended June 30, 2015, total reportable segments' EBITDA excluding non-cash items includes the results of IMTT's EBITDA excluding non-cash items. Prior to July 16, 2014, the date of the IMTT Acquisition, MIC accounted for its <font>50</font>% investment in IMTT under the equity method of accounting. As such, MIC's <font>50</font>% share of IMTT's net income was reported in equity in earnings and amortization charges of investee in the above table for the quarter and six months ended June 30, 2014.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Capital expenditures for the Company's reportable segments were as follows ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>20,219</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,919</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,947</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>19,142</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,672</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contracted Power and Energy</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>308</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,077</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>308</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>11,400</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,967</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,416</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,356</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,981</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,544</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,440</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>50,025</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,053</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Property, equipment, land and leasehold improvements, goodwill and total assets for the Company's reportable segments as of June 30^thwere as follows ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Property, Equipment,<br/> Land and Leasehold<br/> Improvements</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Goodwill</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Total Assets</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,229,637</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,411,629</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,135,842</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>332,320</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>314,628</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>460,920</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>458,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,484,589</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,575,588</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contracted Power and Energy</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,272,499</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>390,101</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>26,462</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,946</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,428,412</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>482,547</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>203,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>189,936</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,193</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,193</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>384,085</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>403,681</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,037,977</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>894,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,019,204</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>596,627</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,432,928</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,461,816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Reconciliation of reportable segments' total assets to consolidated total assets ($ in thousands):</p> <div style="text-align: center;"> <div> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>As of June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets of reportable segments</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,432,928</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,461,816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Investment in unconsolidated business</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>71,434</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Corporate and other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,744</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,255</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total consolidated assets</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,492,672</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,542,505</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,<br/> 2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months<br/> Ended<br/> June 30,<br/> 2014</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>423,461</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>847,734</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Net income attributable to MIC⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,859</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>52,172</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>The tax rate used to calculate net income attributable to MIC was <font>35.0</font>%.</div> </td> </tr> </table> </div> </div> 37920000 1518000 3501000 69435000 148908000 24272000 53893000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;">&#160;</td> <td style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black;" colspan="7"><strong>As of,&#160;and for the</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,&#160;2014⁽¹⁾</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"> <p style="margin: 0px;"><strong>Six Months Ended</strong></p> <p style="margin: 0px;"><strong> June 30,&#160;2014<strong style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6666669845581px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #fffff0;">⁽¹⁾</strong></strong></p> </td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,518</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>290,596</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,003</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>54,984</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,813</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,946</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,455</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,557</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Depreciation and amortization</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>19,646</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>37,920</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,518</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,501</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">EBITDA excluding non-cash items⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,435</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>148,908</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Capital expenditures paid</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,272</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>53,893</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Property, equipment, land and leasehold improvements, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,285,148</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,285,148</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,386,959</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,386,959</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Amounts represent financial position of IMTT business prior to July 16, 2014, the date of the IMTT Acquisition.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items.</div> </td> </tr> </table> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,384</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>185,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>327,809</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,121</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,759</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>95,880</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>142,384</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>185,425</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,121</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,759</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>423,689</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation<br/></strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>193,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,057</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>205,269</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,830</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,134</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>74,964</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Financing and equipment lease income</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>710</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>710</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>193,212</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,597</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>69,134</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>373,366</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>653,811</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>47,953</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,423</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>168,376</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>280,445</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>373,366</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>47,953</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,423</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>822,187</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Service revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>387,173</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>20,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>407,708</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Product revenue</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>138,485</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>147,973</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Financing and equipment lease income</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,457</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total revenue</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>387,173</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>31,480</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>138,485</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>557,138</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;"><br/></p> </div> 1285148000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>21,096</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,208</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(5,138</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,430</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>34,596</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>6,263</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>5,605</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>4,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>1,806</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>18,619</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,659</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,335</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,683</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,068</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>30,745</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>28,907</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>8,013</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>12,772</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>2,109</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>51,801</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,766</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,797</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,082</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>257</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,902</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,957</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>653</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,099</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,219</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>75,648</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>48,706</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>15,245</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>15,889</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>155,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Quarter Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,698</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,154</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,294</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,146</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,352</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,690</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,891</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,933</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,855</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>616</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,092</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,563</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Depreciation⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>6,789</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,363</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,983</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,818</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>326</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>312</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,456</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>88</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,125</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>408</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,629</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>39,416</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,024</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,980</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>62,420</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="19" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2015</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>IMTT</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>41,370</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,581</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(8,677</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,285</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>58,559</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>13,169</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>18,690</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>11,283</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>3,749</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>46,891</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision (benefit) for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,748</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(7,304</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,865</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,600</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>33,909</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>62,022</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>23,012</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>20,038</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>4,151</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>109,223</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,530</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>58,513</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,261</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>569</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>65,873</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,213</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>925</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(5,040</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(611</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,513</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>154,052</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>104,965</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>21,730</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>32,743</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; background-color: #cceeff;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>313,490</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 3pt; border-bottom-style: double; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="15" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Six Months Ended June 30, 2014</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Atlantic<br/> Aviation</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Contracted<br/> Power and<br/> Energy</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Hawaii<br/> Gas</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Total<br/> Reportable<br/> Segments</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Net income (loss)</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,253</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(261</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>12,489</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>28,481</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense, net</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>22,917</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>5,335</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,678</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>31,930</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Provision for income taxes</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,770</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,215</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,119</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,104</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Depreciation⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,591</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,473</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,929</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>27,993</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,949</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>648</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>624</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,221</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Other non-cash expense (income)</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>156</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,890</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,132</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(1,602</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">EBITDA excluding non-cash items</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>79,452</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,520</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>29,971</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>123,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> </div> 1386959000 142384000 185425000 36121000 59759000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Total reportable segments EBITDA excluding non-cash items⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>155,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>62,420</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>313,490</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>123,943</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Interest income</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>7</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>31</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>13</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Interest expense</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(22,342</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(17,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(53,863</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(31,956</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; background-color: #cceeff;" rowspan="1" colspan="1">Depreciation⁽²⁾</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(51,801</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(14,135</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(109,223</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(27,993</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Amortization of intangibles</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(17,902</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(9,456</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(65,873</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(18,221</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Loss on disposal of assets</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(548</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Selling, general and administrative - corporate</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(3,693</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(2,233</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(6,639</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(3,279</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">)&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Fees to manager&#150;related party</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(154,559</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(14,495</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(319,832</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(23,489</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; background-color: #cceeff;">)&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom;" rowspan="1" colspan="1">Equity in earnings and amortization charges of<br/> investee⁽¹⁾</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,799</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>25,086</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1">Other (expense) income, net</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(2,151</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>1,059</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>(421</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; background-color: #cceeff;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: black; font-family: 'Times New Roman'; background-color: #cceeff;" rowspan="1" colspan="1"><font>505</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: white; background-color: #cceeff;">&#160;</td> </tr> <tr> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white;" rowspan="1" colspan="1">Total consolidated net (loss) income before income<br/> taxes</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(97,048</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>15,229</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>(242,896</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">)&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>43,875</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>For the quarter and six months ended June 30, 2015, total reportable segments' EBITDA excluding non-cash items includes the results of IMTT's EBITDA excluding non-cash items. Prior to July 16, 2014, the date of the IMTT Acquisition, MIC accounted for its <font>50</font>% investment in IMTT under the equity method of accounting. As such, MIC's <font>50</font>% share of IMTT's net income was reported in equity in earnings and amortization charges of investee in the above table for the quarter and six months ended June 30, 2014.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>Depreciation includes depreciation expense for the district energy business, a component of the CP&amp;E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations.</div> </td> </tr> </table> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Quarter Ended<br/> June 30,</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Six Months Ended<br/> June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,350</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>20,219</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,919</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,947</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>19,142</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,672</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contracted Power and Energy</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>308</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,077</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>308</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>11,400</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,967</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,416</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>10,356</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,981</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>24,544</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,440</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>50,025</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>36,053</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 142384000 185425000 36121000 59759000 193212000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Property, Equipment,<br/> Land and Leasehold<br/> Improvements</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Goodwill</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Total Assets</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">IMTT</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,229,637</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,411,629</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,135,842</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Atlantic Aviation</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>332,320</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>314,628</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>460,920</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>458,488</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,484,589</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,575,588</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Contracted Power and Energy</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,272,499</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>390,101</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>26,462</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>17,946</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1,428,412</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>482,547</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Hawaii Gas</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>203,521</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>189,936</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,193</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>120,193</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>384,085</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>403,681</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,037,977</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>894,665</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,019,204</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>596,627</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,432,928</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,461,816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left;"></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="7" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>As of June 30,</strong></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; font-family: 'Times New Roman';"><strong>&#160;&#160;</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2015</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>2014</strong></td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total assets of reportable segments</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,432,928</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,461,816</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Investment in unconsolidated business</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>71,434</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 1pt solid white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Corporate and other</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>59,744</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 1pt solid black;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 1pt solid black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,255</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 1pt solid white;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; border-bottom: 3pt double white; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Total consolidated assets</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,492,672</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 3pt double white;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 3pt double black;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 3pt double black; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,542,505</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left; border-bottom: 3pt double white;">&#160;</td> </tr> </table> </div> 423461000 847734000 18859000 52172000 142518000 290596000 24003000 54984000 8813000 15946000 15455000 36557000 19646000 12057000 5830000 69134000 710000 193212000 18597000 69134000 280445000 373366000 47953000 120423000 280445000 373366000 47953000 120423000 387173000 20535000 9488000 138485000 1457000 387173000 31480000 138485000 21096000 12208000 -5138000 6430000 34596000 6263000 5605000 4945000 1806000 18619000 14659000 8335000 3683000 4068000 30745000 28907000 8013000 12772000 2109000 51801000 2766000 13797000 1082000 257000 17902000 -95000 -95000 -1957000 -653000 2099000 -1219000 -1730000 75648000 48706000 15245000 15889000 155488000 5698000 1154000 6294000 13146000 13352000 2690000 1891000 17933000 3855000 616000 4092000 8563000 6789000 5363000 1983000 14135000 8818000 326000 312000 9456000 -816000 -816000 -88000 2125000 -408000 1629000 39416000 8024000 14980000 62420000 41370000 10581000 -8677000 15285000 58559000 13169000 18690000 11283000 3749000 46891000 28748000 -7304000 2865000 9600000 33909000 62022000 23012000 20038000 4151000 109223000 5530000 58513000 1261000 569000 65873000 -548000 -548000 -3213000 -925000 5040000 611000 1513000 154052000 104965000 21730000 32743000 313490000 16253000 -261000 12489000 28481000 22917000 5335000 3678000 31930000 8770000 1215000 8119000 18104000 13591000 10473000 3929000 27993000 16949000 648000 624000 18221000 -816000 -816000 -156000 2890000 -1132000 1602000 79452000 14520000 29971000 123943000 155488000 62420000 313490000 123943000 7000 31000 13000 95000 22342000 17945000 53863000 31956000 51801000 14135000 109223000 27993000 17902000 9456000 65873000 18221000 -95000 -816000 -548000 -816000 3693000 2233000 6639000 3279000 154559000 14495000 319832000 23489000 10799000 25086000 2151000 -1059000 421000 -505000 -97048000 15229000 -242896000 43875000 8350000 20219000 10919000 7947000 19142000 16672000 308000 2077000 308000 11400000 4967000 4416000 10356000 7981000 24544000 14440000 2229637000 1411629000 4135842000 332320000 314628000 460920000 458488000 1484589000 1575588000 1272499000 390101000 26462000 17946000 1428412000 482547000 203521000 189936000 120193000 120193000 384085000 403681000 894665000 596627000 7432928000 2461816000 71434000 59744000 9255000 2542505000 4 0.50 10800000 25100000 0.50 0.50 0.350 5 2 260 P20Y P25Y 2015-07-30 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">Second quarter 2015</div> 1.11 2015-08-13 2015-08-18 2015-04-30 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">First quarter 2015</div> 1.07 2015-05-14 2015-05-19 7281000 2015-02-17 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">Fourth quarter 2014</div> 1.02 2015-03-02 2015-03-05 4905000 2014-10-27 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">Third quarter 2014</div> 0.98 2014-11-10 2014-11-13 4438000 2014-07-03 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">Second quarter 2014</div> 0.95 2014-08-11 2014-08-14 3402000 2014-04-28 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">First quarter 2014</div> 0.9375 2014-05-12 2014-05-15 3180000 2014-02-18 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">Fourth quarter 2013</div> 0.9125 2014-03-03 2014-03-06 2945000 18918000 135641000 223827 16545000 148728000 2068038 14192000 208122 13915000 116586000 947583 9535000 4960000 243329 8994000 164546 67800000 73986 65000000 51600000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>11. Related Party Transactions </strong></h2> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Management Services </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">At June 30, 2015 and December 31, 2014, the Manager held <font>5,054,755</font> and <font>4,667,105</font> shares, respectively, of the Company. Pursuant to the terms of the management services agreement, or Management Agreement, the Manager may sell these shares at any time. On May 27, 2015, the Manager sold <font>1,900,000</font> shares of the Company's shares and received proceeds of $<font>160.4</font> million, net of underwriting fees and expenses. Under the Management Agreement, the Manager, at its option, may reinvest performance fees and base management fees in shares of the Company.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Since January 1, 2014, the Company paid the Manager cash dividends on shares held for the following periods:</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Declared</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Period Covered</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>$ per<br/> Share</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Record Date</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Payable Date</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Cash Paid<br/> to Manager<br/> (in thousands)</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>July 30, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Second quarter 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.11</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 13, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 18, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">^{<font>(1)</font>}</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>April 30, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>First quarter 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.07</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 14, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 19, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,281</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>February 17, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Fourth quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.02</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 2, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 5, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,905</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>October 27, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Third quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.98</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>November 10, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>November 13, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,438</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>July 3, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Second quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 11, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 14, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,402</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>April 28, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>First quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.9375</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 12, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 15, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,180</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>February 18, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Fourth quarter 2013</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.9125</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 3, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 6, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>The amount of dividend payable to the Manager for the second quarter of 2015 will be determined on August 13, 2015, the record date.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Under the Management Agreement, the Manager manages the Company's day-to-day operations and oversees the management teams of the Company's operating businesses. In addition, the Manager has the right to appoint the Chairman of the Board of the Company, subject to minimum equity ownership, and to assign, or second, to the Company, <font>two</font> of its employees to serve as chief executive officer and chief financial officer of the Company and seconds or makes other personnel available as required.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In accordance with the Management Agreement, the Manager is entitled to a monthly base management fee based primarily on the Company's market capitalization, and potentially a quarterly performance fee, based on the performance of the Company's common stock relative to a U.S. utilities index. For the quarter and six months ended June 30, 2015, the Company incurred base management fees of $<font>18.9</font> million and $<font>35.5</font> million, respectively, and performance fees of $<font>135.6</font> million and $<font>284.4</font> million, respectively, payable to the Manager. For the quarter and six months ended June 30, 2014, the Company incurred base management fees of $<font>9.5</font> million and $<font>18.5</font> million, respectively, and a performance fee of $<font>5.0</font>&#160;million for the quarter and six months ended June 30, 2014 payable to the Manager. In all of these periods, excluding the performance fee for the second quarter ended June 30, 2015, the Manager elected to reinvest these fees in additional shares of the Company.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The unpaid portion of the base management fees and performance fees, if any, at the end of each reporting period is included in due to manager-related party in the consolidated condensed balance sheets. The following table shows the Manager's election to reinvest its base management fees and performance fees, if any, in additional shares of the Company, except as noted:</p> <div style="text-align: center;"> <div class="CursorPointer"><br/></div> </div> <div> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Period</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Base Management<br/> Fee Amount<br/> ($ in thousands)</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Performance<br/> Fee Amount<br/> ($ in thousands)</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Shares<br/> Issued</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; font-style: italic;" rowspan="1" colspan="1">2015 Activities:<br/></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Second quarter 2015</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,918</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>135,641</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>223,827</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">⁽¹⁾&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">First quarter 2015</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,545</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>148,728</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,068,038</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; font-style: italic;" rowspan="1" colspan="1">2014 Activities:<br/></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Fourth quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,192</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>208,122</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Third quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,915</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>116,586</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>947,583</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">⁽²⁾&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Second quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,960</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>243,329</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">First quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,994</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>164,546</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>In July 2015, the Board requested, and the Manager agreed, that&#160;$<font>67.8</font>&#160;million of the performance fee for the second quarter ended June 30, 2015 would be and was settled in cash in July 2015 to minimize dilution. The remainder of the fee will be reinvested in shares of MIC common stock in July 2016 using the June 2016 monthly volume weighted average price. The Company issued&#160;<font>223,827</font> shares, of which <font>73,986</font>&#160;shares were issued in July 2015 for the June 2015 base management fee.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>In October 2014, the Board requested, and the Manager agreed, that&#160;$<font>65.0</font>&#160;million of the performance fee for the third quarter ended September 30, 2014 be settled in cash using the proceeds from the sale of the district energy business to minimize dilution. The remainder of the fee of $<font>51.6</font>&#160;million was reinvested in additional shares of MIC.</div> </td> </tr> </table> </div> </div> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Manager is not entitled to any other compensation and all costs incurred by the Manager, including compensation of seconded staff, are paid by the Manager out of its base management fee. However, the Company is responsible for other direct costs including, but not limited to, expenses incurred in the administration or management of the Company and its subsidiaries, income taxes, audit and legal fees, acquisitions and dispositions and its compliance with applicable laws and regulations. During the quarter and six months ended June 30, 2015, the Manager charged the Company $<font>169,000</font> and $<font>257,000</font>, respectively, for reimbursement of out-of-pocket expenses compared with $<font>136,000</font> and $<font>208,000</font> for the quarter and six months ended June 30, 2014, respectively. The unpaid portion of the out-of-pocket expenses at the end of the reporting period is included in due to manager-related party in the consolidated condensed balance sheets.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Third Amended and Restated Management Service Agreement </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On May 21, 2015, to give effect to the Conversion, Macquarie Infrastructure Corporation entered into a Third Amended and Restated Management Services Agreement (the &#147;Amended Agreement&#148;), among the Company, MIC Ohana Corporation and Macquarie Infrastructure Management (USA) Inc. (the &#147;Manager&#148;). Concurrently with the Conversion, the Manager was issued <font>100</font> shares of a new series of special stock of the Company in order to induce the Manager to enter into the Amended Agreement. The sole purpose for the issuance of shares of special stock to the Manager was to preserve the Manager's existing right to appoint <font>one</font> director who served as the chairman of the board of directors of MIC pursuant to the terms of MIC's operating agreement, which right would otherwise have been lost upon consummation of the Conversion. Following the Conversion and the issuance of special stock, the Manager's right to elect <font>one</font> director who serves as chairman remains the same as was in effect prior to the Conversion. The Company did not grant any additional rights to the Manager through the special stock issuance.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On May 21, 2015, the Company entered into an amended and restated registration rights agreement with the Manager to give effect to the Conversion.</p> <h3 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><strong>Other Services </strong></h3> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Company utilizes the resources of the Macquarie Group with respect to a range of advisory, procurement, insurance, hedging, lending and other services. Engagements involving members of the Macquarie Group are reviewed and approved by the Audit Committee of the Company's Board of Directors. Macquarie Group affiliates are engaged on an arm's length basis and frequently as a member of syndicate of providers whose other members establish the terms of the interaction.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Advisory Services</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The Macquarie Group, and wholly-owned subsidiaries within the Macquarie Group, including Macquarie Bank Limited, or MBL, and Macquarie Capital (USA) Inc., or MCUSA, have provided various advisory and other services and incurred expenses in connection with the Company's equity raising activities, acquisitions and debt structuring for the Company and its businesses. Underwriting fees are recorded in stockholders' equity as a direct cost of equity offerings. Advisory fees and out-of-pocket expenses relating to acquisitions are expensed as incurred. Debt arranging fees are deferred and amortized over the term of the credit facility.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On June 24, 2015, the Company commenced the ATM program where the Company may offer and sell shares of its common stock, par value $<font>0.001</font> per share, from time to time having an aggregate gross offering price of up to $<font>400.0</font>&#160;million. These sales, if any, will be made pursuant to the terms of an equity distribution agreement entered into between the Company and the sales agents, with MCUSA being one of the sales agents. Under the terms of the equity distribution agreement, the Company may also sell shares to any sales agent as principal for its own account at a price agreed upon at the time of the sale. For the quarter ended June 30, 2015, the Company did not engage MCUSA for such activities.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In March 2015 and July 2014, the Company completed underwritten public offerings of <font>6,109,375</font> shares and <font>11,500,000</font> shares, respectively. In both offerings, MCUSA served as a joint book-running manager and an underwriter and received $<font>2.3</font> million and $<font>3.0</font> million, respectively, from the Company for such services.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">The district energy business' credit facility was scheduled to mature in September 2014. The Company engaged MCUSA to assist in identifying and analyzing various alternatives for paying these obligations prior to maturity and obtaining other credit facilities. In August 2014, the Company paid $<font>1.6</font> million to MCUSA for such services upon closing of the sale of district energy business.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In July 2014, the Company also completed underwritten public offering of $<font>350.0</font> million aggregate principal amount of convertible senior notes. MCUSA served as a joint book-running manager and an underwriter and received $<font>1.1</font> million from the Company for such services.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On January 22, 2014, Atlantic Aviation entered into an incremental $<font>100.0</font> million term loan facility under the AA Credit Agreement. The Company engaged MCUSA as Joint Bookrunner and paid $<font>16,000</font> in fees during January 2014.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In December 2013, Atlantic Aviation entered into an equity bridge loan for $<font>70.0</font> million, of which $<font>35.0</font> million was provided by MIHI LLC, an entity within the Macquarie Group. The Company engaged MCUSA as Joint Bookrunner and Joint Lead Arranger. This equity bridge loan was never drawn by the business and subsequently cancelled. During the quarter ended March 31, 2014, Atlantic Aviation incurred and paid $<font>88,000</font> in commitment fees to MCUSA related to this equity bridge loan.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Long-Term Debt and Derivatives</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">On April 1, 2015, in conjunction with the acquisition of BEC, the Company assumed the existing revolving credit facility of BEC, of which $<font>7.5</font> million was committed by MIHI LLC. For the quarter ended June 30, 2015, the Company incurred and paid commitment fees of $<font>5,000</font> related to MIHI LLC's portion of the revolving credit facility. BEC had an interest rate swap contract with MBL that fixed the floating rate at <font>3.455</font>% as of June 30, 2015. At June 30, 2015, the notional on the interest rate swap was&#160;$<font>63.8</font>&#160;million. During the quarter ended June 30, 2015, BEC had paid interest of $<font>396,000</font>&#160;to MBL in connection with the swap settlement.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Atlantic Aviation's $<font>70.0</font> million revolving credit facility is provided by various financial institutions, including MBL which provides $<font>15.7</font> million. At June 30, 2015 and December 31, 2014, the revolving credit facility remained undrawn. For the quarter and six months ended June 30, 2015, Atlantic Aviation incurred $<font>28,000</font> and $<font>56,000</font>, respectively, in commitment fees related to MBL's portion of the revolving credit facility, compared with $<font>26,000</font> and $<font>52,000</font> for the quarter and six months ended June 30, 2014, respectively.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In July 2014, the Company entered into a credit agreement at the holding company that provides a <font>five</font>-year, $<font>250.0</font> million senior secured first lien revolving credit facility, of which $<font>50.0</font> million is committed by MIHI LLC. Upon closing, the Company paid MIHI LLC $<font>250,000</font> in fees. As discussed in Note 7, &#147;Long-Term Debt&#148;, the Company increased the aggregate commitments under its revolving credit facility from $<font>250.0</font> million to $<font>360.0</font> million with all terms remaining the same. MIHI LLC's commitment of $<font>50.0</font> million remained unchanged.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the quarter ended June 30, 2015, the Company drew down and repaid $<font>155.0</font> million from this revolving credit facility and incurred and paid $<font>80,000</font>&#160;in interest expense related to MIHI LLC's portion of the $<font>155.0</font> million drawn. For the quarter and six months ended June 30, 2015, the Company incurred $<font>24,000</font> and $<font>58,000</font>, respectively, in commitment fees related to MIHI LLC's portion of the revolving credit facility. The Company had $<font>24,000</font> and $<font>36,000</font>, respectively, payable in accrued interest at June 30, 2015 and December 31, 2014 in the consolidated condensed balance sheets related to these commitment fees.</p> <h4 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: italic; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Other Transactions</h4> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Macquarie, through the Macquarie Insurance Facility (&#147;MIF&#148;), has an aggregated insurance buying program. By combining the insurance premiums of Macquarie owned and managed funds, MIF has been able to deliver very competitive terms to businesses that participate in the facility. MIF earns a commission from the insurers. No payments were made to MIF by the Company during the six months ended June 30, 2015 and 2014. In February 2015, the Company renewed its Directors and Officers liability insurance utilizing several of the MIF insurers.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">IMTT, Atlantic Aviation, CP&amp;E and Hawaii Gas purchase and renew property and casualty insurance coverage on an ongoing basis from insurance underwriters who then pay commissions to MIF. For the six months ended June 30, 2015 and 2014, no payments were made directly to MIF for property and casualty insurance.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Macquarie Energy North America Trading, Inc., a subsidiary of Macquarie Group Limited, entered into contracts with IMTT to lease a total of <font>154,000</font> barrels of capacity during six months ended June 30, 2015. The revenue recognized pursuant to these agreements during the quarter and six months ended June 30, 2015 was $<font>212,000</font>. At June 30, 2015, IMTT had $<font>10,000</font> recorded in accounts receivable in the consolidated condensed balance sheet.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">During the first quarter of <font>2015</font>, Macquarie Capital Markets Canada Ltd, an indirect subsidiary of Macquarie Group Limited, used Atlantic Aviation's charter jet business and incurred $<font>18,000</font> for this service. This amount was subsequently collected by Atlantic Aviation.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In July 2014, in connection with the acquisition of the remaining interest of IMTT, the Company purchased insurance from an insurance underwriter who then paid commission to MIF. No payments were made directly to MIF for representations and warranties insurance.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Atlantic Aviation entered into a copiers lease agreement with Macquarie Equipment Finance (&#147;MEF&#148;), an indirect subsidiary of Macquarie Group Limited. For the quarter ended March 31, 2015, Atlantic Aviation incurred $<font>2,000</font>, in lease expense on these copiers, compared with $<font>6,000</font> and $<font>12,000</font> for the quarter and six months ended June 30, 2014. As of March 31, 2015, the contract with MEF expired and there were no amounts due to MEF.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">Hawaii Gas entered into licensing agreements with Utility Service Partners, Inc. and America's Water Heater Rentals, LLC, both indirect subsidiaries of Macquarie Group Limited, to enable these entities to offer products and services to Hawaii Gas's customer base. No payments were made under these arrangements during the six months ended June 30, 2015 and 2014.</p> <p style="text-indent: 20px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt 3pt 4px; margin: 0pt;">In addition, the Company and several of its subsidiaries have entered into a licensing agreement with the Macquarie Group related to the use of the Macquarie name and trademark. The Macquarie Group does not charge the Company any fees for this license.</p> <h2 style="text-indent: 0pt; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; text-transform: none; padding: 5pt 0pt 3pt 4px; margin: 0pt;"><br/></h2> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Declared</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Period Covered</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>$ per<br/> Share</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Record Date</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Payable Date</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Cash Paid<br/> to Manager<br/> (in thousands)</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>July 30, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Second quarter 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.11</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 13, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 18, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">^{<font>(1)</font>}</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>April 30, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>First quarter 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.07</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 14, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 19, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>7,281</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>February 17, 2015</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Fourth quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>1.02</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 2, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 5, 2015</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,905</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>October 27, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Third quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.98</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>November 10, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>November 13, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,438</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>July 3, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Second quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.95</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 11, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>August 14, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,402</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>April 28, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>First quarter 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.9375</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 12, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>May 15, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>3,180</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="text-align: center; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>February 18, 2014</font></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>Fourth quarter 2013</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>0.9125</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 3, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: center; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>March 6, 2014</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,945</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>The amount of dividend payable to the Manager for the second quarter of 2015 will be determined on August 13, 2015, the record date.</div> </td> </tr> </table> </div> </div> 169000 257000 136000 208000 6109375 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="text-align: center;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="vertical-align: bottom; text-indent: 0px; text-align: left; font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; *margin-top: -20pt; padding: 3pt 0pt 3pt 0pt; margin: -15pt 0pt 0pt 0pt;"> <tr> <td></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> <td style="vertical-align: bottom; text-align: center; border-bottom: none;">&#160;</td> <td colspan="3"></td> </tr> <tr> <td rowspan="1" colspan="1" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: left; border-bottom: 1pt solid black; font-family: 'Times New Roman';"><strong>Period</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Base Management<br/> Fee Amount<br/> ($ in thousands)</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Performance<br/> Fee Amount<br/> ($ in thousands)</strong></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td rowspan="1" colspan="3" style="line-height: normal; vertical-align: bottom; font-size: 8pt; text-align: center; border-bottom: 1pt solid black;"><strong>Shares<br/> Issued</strong></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; font-style: italic;" rowspan="1" colspan="1">2015 Activities:<br/></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Second quarter 2015</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>18,918</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>135,641</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>223,827</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">⁽¹⁾&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">First quarter 2015</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>16,545</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>148,728</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>2,068,038</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: bottom; font-style: italic;" rowspan="1" colspan="1">2014 Activities:<br/></td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">&#160;&#160;</td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Fourth quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>14,192</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">$</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>208,122</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Third quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>13,915</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>116,586</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>947,583</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">⁽²⁾&#160;</td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">Second quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>9,535</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>4,960</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>243,329</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> <tr style="background-color: white;"> <td style="padding-left: 10pt; text-indent: 0pt; vertical-align: text-bottom; ;font-family: 'Times New Roman';" rowspan="1" colspan="1">First quarter 2014</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>8,994</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>&#151;</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> <td style="vertical-align: bottom; text-align: center;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: left;" rowspan="1">&#160;</td> <td style="vertical-align: bottom; text-align: right; ;font-family: 'Times New Roman';" rowspan="1" colspan="1"><font>164,546</font></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: left;">&#160;</td> </tr> </table> </div> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(1)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>In July 2015, the Board requested, and the Manager agreed, that&#160;$<font>67.8</font>&#160;million of the performance fee for the second quarter ended June 30, 2015 would be and was settled in cash in July 2015 to minimize dilution. The remainder of the fee will be reinvested in shares of MIC common stock in July 2016 using the June 2016 monthly volume weighted average price. The Company issued&#160;<font>223,827</font> shares, of which <font>73,986</font>&#160;shares were issued in July 2015 for the June 2015 base management fee.</div> </td> </tr> </table> </div> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="text-indent: 0px; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; line-height: 12pt; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none; padding: 3pt 0pt; margin: 0pt; width: 100%;"> <tr style="font-weight: normal; font-style: normal; line-height: 12pt; font-size: 10pt; vertical-align: top; text-align: left;"> <td></td> <td style="text-align: left; ;font-family: 'Times New Roman';">(2)</td> <td style="text-align: left; ;font-family: 'Times New Roman';"> <div>In October 2014, the Board requested, and the Manager agreed, that&#160;$<font>65.0</font>&#160;million of the performance fee for the third quarter ended September 30, 2014 be settled in cash using the proceeds from the sale of the district energy business to minimize dilution. The remainder of the fee of $<font>51.6</font>&#160;million was reinvested in additional shares of MIC.</div> </td> </tr> </table> </div> </div> 5054755 4667105 1900000 160400000 2 35500000 284400000 18500000 11500000 2300000 3000000 1600000 350000000 1100000 100000000 16000 70000000 35000000 88000 7500000 5000 0.03455 63800000 396000 70000000 15700000 28000 56000 26000 52000 P5Y 250000000 50000000 250000 50000000 155000000 80000 155000000 24000 58000 24000 36000 154000 212000 10000 18000 2000 6000 12000 0.001 2021-06-01 2021-08-21 2022-05-21 2022-05-21 2022-05-21 2022-05-21 2022-05-21 2022-05-21 2043-06-01 2043-06-01 2046-08-01 2040-12-01 2040-12-01 2027-12-01 2021-08-21 2021-08-21 0 8660 12525 12910 12525 2019-08-21 2100000 9100000 P6Y 0.001 154000 212000 5000000 See Note 9, “Stockholders' Equity”, for discussions on preferred stock, special stock, common stock, LLC interests and additional paid in capital. Interest expense includes gains on derivative instruments of $3.1 million and losses on derivative instruments of $9.8 million for the quarter and six months ended June 30, 2015, respectively. For the quarter and six months ended June 30, 2014, interest expense includes losses on derivative instruments of $8.6 million and $13.9 million, respectively, of which net losses of $269,000 and $508,000, respectively, were reclassified from accumulated other comprehensive loss. Includes $107,000 and $202,000 of benefit for income taxes from accumulated other comprehensive loss reclassifications for the quarter and six months ended June 30, 2014, respectively. Reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $269,000 and $508,000, respectively, and the related tax benefit of $107,000 and $202,000, respectively, recorded in the consolidated condensed statements of operations; and (ii) pre-tax derivative losses of $13,000 and $23,000, respectively, as an adjustment to investment in unconsolidated business and an adjustment to deferred taxes of $4,000 and $8,000, respectively, recorded in the consolidated condensed balance sheet for the quarter and six months ended June 30, 2014, respectively. Translation adjustment is presented net of taxes of $1.7 million for the six months ended June 30, 2015. For the quarter and six months ended June 30, 2014, translation adjustment is presented net of taxes of $156,000 and $2,000, respectively. See Note 9, “Stockholders' Equity” for discussion on presentation of common stock, LLC interests and additional paid in capital. Contractual arrangements are being amortized over a seventeen year period. Goodwill is deductible for tax purposes. Tolling agreements represent agreements with an off-taker where BEC agreed to sell 62.5% of its capacity, energy and ancillary services for fixed monthly tolling and capacity payments and monthly variable operation and maintenance fees (“O&M”). Fixed payments received under these contracts were below prevailing market rates at the date of acquisition. The difference between the present value of the fixed payments and the present value of the market rates at the date of acquisition is recorded as a liability on the consolidated condensed balance sheet as part of purchase accounting. This liability will be amortized over the weighted average life of the tolling agreements of approximately thirteen years. Fair value measurements at reporting date were made using significant other observable inputs (“level 2”). Derivative contracts include interest rate swaps. Derivative contracts include commodity hedges. Interest expense for the quarter and six months ended June 30, 2014 includes $8.3 million and $13.4 million, respectively, of derivative losses and $269,000 and $508,000, respectively, for amounts reclassified from accumulated other comprehensive loss for the interest rate swap contracts. For the six months ended June 30, 2014, reclassification of realized losses of derivatives is composed of (i) pre-tax derivative losses into interest expense of $508,000 and the related tax benefit of $202,000 recorded in the consolidated condensed statement of operations; and (ii) pre-tax derivative losses of $23,000 as an adjustment to investment in unconsolidated business and an adjustment to deferred taxes of $8,000 recorded in the consolidated condensed balance sheet. Translation adjustment is presented net of taxes of $1.7 million and $2,000 for the six months ended June 30, 2015 and 2014, respectively. Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations. Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations. For the quarter and six months ended June 30, 2015, total reportable segments' EBITDA excluding non-cash items includes the results of IMTT's EBITDA excluding non-cash items. Prior to July 16, 2014, the date of the IMTT Acquisition, MIC accounted for its 50% investment in IMTT under the equity method of accounting. As such, MIC's 50% share of IMTT's net income was reported in equity in earnings and amortization charges of investee in the above table for the quarter and six months ended June 30, 2014. Depreciation includes depreciation expense for the district energy business, a component of the CP&E segment prior to the Company's divestiture of the business on August 21, 2014, which was reported in cost of services in the consolidated condensed statements of operations. The tax rate used to calculate net income attributable to MIC was 35.0%. Amounts represent financial position of IMTT business prior to July 16, 2014, the date of the IMTT Acquisition. EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and all other non-cash income and expense items. In July 2015, the Board requested, and the Manager agreed, that $67.8 million of the performance fee for the second quarter ended June 30, 2015 would be and was settled in cash in July 2015 to minimize dilution. The remainder of the fee will be reinvested in shares of MIC common stock in July 2016 using the June 2016 monthly volume weighted average price. The Company issued 223,827 shares, of which 73,986 shares were issued in July 2015 for the June 2015 base management fee. In October 2014, the Board requested, and the Manager agreed, that $65.0 million of the performance fee for the third quarter ended September 30, 2014 be settled in cash using the proceeds from the sale of the district energy business to minimize dilution. The remainder of the fee of $51.6 million was reinvested in additional shares of MIC. The amount of dividend payable to the Manager for the second quarter of 2015 will be determined on August 13, 2015, the record date.