Standex International Corporation (SXI)

Analysis: Margins & Ratios Industry: Industrial - Machinery Sector: Industrials Live Price: $249.98

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	750,596,667	728,672,200	741,470,100	724,845,067	698,345,300	678,371,040	666,040,824	837,074,000	706,325,000	790,107,000	720,635,000	741,048,000	735,339,000	656,232,000	604,535,000	791,579,000	868,382,000	755,258,000	751,586,000	772,142,000	716,180,000	701,260,000	634,640,000	633,753,000	578,454,000	607,086,000	697,541,000	621,211,000	589,938,000	666,240,000	577,450,000	574,536,000	573,992,000	600,152,000	637,048,705	641,400,000	616,200,000	564,600,000	562,700,000
Cost of Revenue	461,352,333	452,884,200	474,543,800	472,216,133	463,541,450	451,492,720	442,006,903	506,113,000	426,802,000	489,471,000	438,634,000	455,952,000	465,393,000	414,971,000	389,080,000	523,519,000	566,581,000	502,504,000	499,333,000	524,656,000	477,911,000	475,164,000	426,156,000	433,917,000	395,051,000	431,111,000	495,694,000	448,407,000	417,324,000	455,771,000	382,887,000	389,053,000	386,775,000	402,003,000	414,089,076	417,500,000	405,000,000	368,600,000	367,700,000
Cost of Revenue Margin	61.45%	62.17%	63.96%	65.18%	66.55%	66.71%	66.47%	60.46%	60.43%	61.95%	60.87%	61.53%	63.29%	63.24%	64.36%	66.14%	65.25%	66.53%	66.44%	67.95%	66.73%	67.76%	67.15%	68.47%	68.29%	71.01%	71.06%	72.18%	70.74%	68.41%	66.31%	67.72%	67.38%	66.98%	65.00%	65.09%	65.73%	65.29%	65.35%
Gross Profit	289,244,333	275,788,000	266,926,300	252,628,933	234,803,850	226,878,320	224,033,921	330,961,000	279,523,000	300,636,000	282,001,000	285,096,000	269,946,000	241,261,000	215,455,000	268,060,000	301,801,000	252,754,000	252,253,000	247,486,000	238,269,000	226,096,000	208,484,000	199,836,000	183,403,000	175,975,000	201,847,000	172,804,000	172,614,000	210,469,000	194,563,000	185,483,000	187,217,000	198,149,000	222,959,629	223,900,000	211,200,000	196,000,000	195,000,000
Gross Profit Margin	38.55%	37.83%	36.04%	34.82%	33.45%	33.29%	33.53%	39.54%	39.57%	38.05%	39.13%	38.47%	36.71%	36.76%	35.64%	33.86%	34.75%	33.47%	33.56%	32.05%	33.27%	32.24%	32.85%	31.53%	31.71%	28.99%	28.94%	27.82%	29.26%	31.59%	33.69%	32.28%	32.62%	33.02%	35.00%	34.91%	34.27%	34.71%	34.65%
R&D Expenses	12,566,667	11,900,000	8,760,000	6,726,667	5,045,000	4,036,000	3,363,333	0	15,200,000	0	20,500,000	17,200,000	12,200,000	9,600,000	6,900,000	6,300,000	4,500,000	5,500,000	4,900,000	4,100,000	4,800,000	4,400,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D Expenses Margin	1.72%	1.66%	1.21%	0.93%	0.70%	0.56%	0.47%	0.00%	2.15%	0.00%	2.84%	2.32%	1.66%	1.46%	1.14%	0.80%	0.52%	0.73%	0.65%	0.53%	0.67%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	178,432,000	173,649,800	171,777,300	166,981,667	161,097,650	159,615,800	156,349,852	209,583,000	169,062,000	193,362,000	169,599,000	172,335,000	169,890,000	163,063,000	148,499,000	150,327,000	206,419,000	174,060,000	170,219,000	165,837,000	165,786,000	159,601,000	146,995,000	148,733,000	138,770,000	140,776,000	162,328,000	142,421,000	132,933,000	166,832,000	156,628,000	152,242,000	148,654,000	144,086,000	149,200,556	149,200,000	142,400,000	133,200,000	126,100,000
SG&A Expenses Margin	23.75%	23.84%	23.22%	23.08%	23.11%	23.63%	23.55%	25.04%	23.94%	24.47%	23.53%	23.26%	23.10%	24.85%	24.56%	18.99%	23.77%	23.05%	22.65%	21.48%	23.15%	22.76%	23.16%	23.47%	23.99%	23.19%	23.27%	22.93%	22.53%	25.04%	27.12%	26.50%	25.90%	24.01%	23.42%	23.26%	23.11%	23.59%	22.41%
Operating Expenses	157,673,333	167,353,600	173,508,400	167,651,200	161,529,550	159,883,280	158,793,480	227,914,000	180,519,000	178,750,000	180,263,000	114,007,000	181,652,000	182,096,000	154,927,000	185,233,000	206,419,000	174,060,000	177,677,000	165,399,000	162,324,000	159,601,000	146,995,000	145,365,000	137,365,000	140,776,000	162,328,000	142,421,000	132,933,000	165,160,000	156,349,000	152,242,000	148,654,000	144,086,000	162,822,402	163,000,000	156,300,000	146,000,000	138,600,000
Operating Expenses Margin	21.01%	23.09%	23.50%	23.19%	23.18%	23.67%	23.96%	27.23%	25.56%	22.62%	25.01%	15.38%	24.70%	27.75%	25.63%	23.40%	23.77%	23.05%	23.64%	21.42%	22.67%	22.76%	23.16%	22.94%	23.75%	23.19%	23.27%	22.93%	22.53%	24.79%	27.08%	26.50%	25.90%	24.01%	25.56%	25.41%	25.37%	25.86%	24.63%
Operating Income (EBIT)	131,571,000	108,434,400	90,022,600	81,704,933	69,081,900	63,262,480	62,129,974	103,047,000	98,920,000	121,886,000	101,738,000	171,089,000	88,294,000	59,165,000	60,528,000	78,117,000	84,039,000	65,026,000	70,344,000	78,644,000	65,868,000	63,829,000	64,580,000	52,427,000	42,266,000	6,021,000	38,929,000	30,097,000	38,751,000	42,641,000	36,996,000	27,661,000	38,563,000	54,063,000	60,137,227	60,900,000	54,900,000	50,000,000	56,400,000
Operating Income (EBIT) Margin	17.54%	14.73%	12.12%	11.21%	9.67%	9.07%	9.12%	12.31%	14.00%	15.43%	14.12%	23.09%	12.01%	9.02%	10.01%	9.87%	9.68%	8.61%	9.36%	10.19%	9.20%	9.10%	10.18%	8.27%	7.31%	0.99%	5.58%	4.84%	6.57%	6.40%	6.41%	4.81%	6.72%	9.01%	9.44%	9.49%	8.91%	8.86%	10.02%
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	11,293,333	9,149,200	7,892,500	6,079,400	5,970,150	4,776,120	3,980,100	31,866,000	4,245,000	23,931,000	4,544,000	5,405,000	5,874,000	5,992,000	7,475,000	10,760,000	8,030,000	4,043,000	2,871,000	3,161,000	2,249,000	2,469,000	2,280,000	2,107,000	3,624,000	6,532,000	9,510,000	0	8,546,000	0	0	0	0	0	0	0	0	0	0
Interest Expense Margin	1.46%	1.22%	1.05%	0.82%	0.84%	0.67%	0.56%	3.81%	0.60%	3.03%	0.63%	0.73%	0.80%	0.91%	1.24%	1.36%	0.92%	0.54%	0.38%	0.41%	0.31%	0.35%	0.36%	0.33%	0.63%	1.08%	1.36%	0.00%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-11,293,333	-9,149,200	-7,892,500	-6,079,400	-5,970,150	-4,776,120	-3,980,100	-31,866,000	-4,245,000	-23,931,000	-4,544,000	-5,405,000	-5,874,000	-5,992,000	-7,475,000	-10,760,000	-8,030,000	-4,043,000	-2,871,000	-3,161,000	-2,249,000	-2,469,000	-2,280,000	-2,107,000	-3,624,000	-6,532,000	-9,510,000	0	-8,546,000	0	0	0	0	0	0	0	0	0	0
Net Interest Income Margin	-1.46%	-1.22%	-1.05%	-0.82%	-0.84%	-0.67%	-0.56%	-3.81%	-0.60%	-3.03%	-0.63%	-0.73%	-0.80%	-0.91%	-1.24%	-1.36%	-0.92%	-0.54%	-0.38%	-0.41%	-0.31%	-0.35%	-0.36%	-0.33%	-0.63%	-1.08%	-1.36%	0.00%	-1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	33,570,333	25,209,400	18,988,400	13,961,467	13,517,800	12,338,880	12,261,865	68,265,000	9,687,000	77,007,000	11,159,000	12,545,000	12,879,000	12,457,000	13,929,000	23,264,000	14,817,000	7,137,000	4,690,000	5,688,000	314,000	5,066,000	4,041,000	4,429,000	6,494,000	12,849,000	18,696,000	7,561,000	15,334,000	5,970,000	5,060,000	6,810,000	8,678,000	11,598,000	13,283,945	9,400,000	21,900,000	6,500,000	8,300,000
Unusual Items Margin	4.33%	3.33%	2.52%	1.87%	1.89%	1.77%	1.80%	8.16%	1.37%	9.75%	1.55%	1.69%	1.75%	1.90%	2.30%	2.94%	1.71%	0.94%	0.62%	0.74%	0.04%	0.72%	0.64%	0.70%	1.12%	2.12%	2.68%	1.22%	2.60%	0.90%	0.88%	1.19%	1.51%	1.93%	2.09%	1.47%	3.55%	1.15%	1.48%
EBT Excluding Unusual Items	75,723,667	67,164,800	59,938,300	59,861,400	48,016,450	43,360,840	41,586,345	-1,617,000	83,791,000	-8,197,000	83,964,000	151,404,000	68,410,000	40,243,000	40,145,000	42,349,000	62,435,000	54,795,000	63,835,000	70,429,000	67,489,000	56,166,000	58,778,000	45,676,000	32,902,000	-13,145,000	11,047,000	14,975,000	16,629,000	30,701,000	26,876,000	14,041,000	21,207,000	30,867,000	33,569,337	42,100,000	11,100,000	37,000,000	39,800,000
EBT Excluding Unusual Items Margin	10.35%	9.30%	8.14%	8.30%	6.74%	6.21%	6.09%	-0.19%	11.86%	-1.04%	11.65%	20.43%	9.30%	6.13%	6.64%	5.35%	7.19%	7.26%	8.49%	9.12%	9.42%	8.01%	9.26%	7.21%	5.69%	-2.17%	1.58%	2.41%	2.82%	4.61%	4.65%	2.44%	3.69%	5.14%	5.27%	6.56%	1.80%	6.55%	7.07%
Pre-Tax Income	109,294,000	92,374,200	78,926,700	73,822,867	61,534,250	55,699,720	53,848,209	66,648,000	93,478,000	68,810,000	95,123,000	163,949,000	81,289,000	52,700,000	54,074,000	65,613,000	77,252,000	61,932,000	68,525,000	76,117,000	67,803,000	61,232,000	62,819,000	50,105,000	39,396,000	-296,000	29,743,000	22,536,000	31,963,000	36,671,000	31,936,000	20,851,000	29,885,000	42,465,000	46,853,282	51,500,000	33,000,000	43,500,000	48,100,000
Pre-Tax Income Margin	14.68%	12.62%	10.66%	10.16%	8.62%	7.98%	7.88%	7.96%	13.23%	8.71%	13.20%	22.12%	11.05%	8.03%	8.94%	8.29%	8.90%	8.20%	9.12%	9.86%	9.47%	8.73%	9.90%	7.91%	6.81%	-0.05%	4.26%	3.63%	5.42%	5.50%	5.53%	3.63%	5.21%	7.08%	7.35%	8.03%	5.36%	7.70%	8.55%
Income Tax Expense	19,137,333	18,275,200	19,513,000	18,655,800	16,048,250	15,074,880	15,434,067	11,287,000	20,591,000	11,084,000	21,532,000	24,796,000	19,807,000	14,157,000	13,060,000	18,424,000	40,620,000	15,355,000	16,295,000	20,874,000	18,054,000	15,910,000	15,912,000	13,957,000	11,436,000	1,594,000	10,459,000	6,611,000	11,028,000	11,980,000	9,857,000	7,014,000	9,488,000	17,568,000	19,150,000	20,100,000	12,900,000	16,600,000	17,400,000
Income Tax Expense Margin	2.58%	2.52%	2.60%	2.54%	2.24%	2.17%	2.28%	1.35%	2.92%	1.40%	2.99%	3.35%	2.69%	2.16%	2.16%	2.33%	4.68%	2.03%	2.17%	2.70%	2.52%	2.27%	2.51%	2.20%	1.98%	0.26%	1.50%	1.06%	1.87%	1.80%	1.71%	1.22%	1.65%	2.93%	3.01%	3.13%	2.09%	2.94%	3.09%
Net Income	89,275,333	73,138,400	56,827,400	51,800,200	43,159,600	38,124,160	36,330,243	52,619,000	72,457,000	55,760,000	73,074,000	138,992,000	61,393,000	36,473,000	20,188,000	47,189,000	36,604,000	46,545,000	52,056,000	54,743,000	42,866,000	44,848,000	30,905,000	35,367,000	28,699,000	-5,405,000	18,510,000	21,242,000	23,143,000	23,643,000	10,605,000	14,149,000	16,618,000	24,897,000	27,703,282	31,400,000	20,100,000	26,900,000	30,700,000
Net Income Margin	11.98%	9.97%	7.65%	7.09%	6.02%	5.41%	5.27%	6.29%	10.26%	7.06%	10.14%	18.76%	8.35%	5.56%	3.34%	5.96%	4.22%	6.16%	6.93%	7.09%	5.99%	6.40%	4.87%	5.58%	4.96%	-0.89%	2.65%	3.42%	3.92%	3.55%	1.84%	2.46%	2.90%	4.15%	4.35%	4.90%	3.26%	4.76%	5.46%
Depreciation and Amortization	30,237,333	30,730,000	27,892,800	23,560,000	21,384,600	19,579,840	18,537,262	28,759,000	28,119,000	35,438,000	26,800,000	28,474,000	29,697,000	33,241,000	32,294,000	29,288,000	26,696,000	19,700,000	17,300,000	16,684,000	14,591,000	15,547,000	13,490,000	14,160,000	14,407,000	15,541,000	17,113,000	15,198,000	12,033,000	11,944,000	11,484,000	11,014,000	13,281,000	14,081,000	13,621,846	13,800,000	13,900,000	12,800,000	12,500,000
Depreciation and Amortization Margin	4.02%	4.23%	3.82%	3.26%	3.05%	2.85%	2.74%	3.44%	3.98%	4.49%	3.72%	3.84%	4.04%	5.07%	5.34%	3.70%	3.07%	2.61%	2.30%	2.16%	2.04%	2.22%	2.13%	2.23%	2.49%	2.56%	2.45%	2.45%	2.04%	1.79%	1.99%	1.92%	2.31%	2.35%	2.14%	2.15%	2.26%	2.27%	2.22%
EBITDA	130,649,333	126,619,000	112,521,300	102,712,400	88,884,250	81,002,600	79,162,033	127,274,000	92,918,000	128,179,000	121,923,000	141,846,000	129,708,000	111,439,000	99,250,000	113,128,000	105,264,000	85,213,000	89,263,000	98,371,000	90,936,000	79,248,000	78,589,000	68,329,000	59,888,000	21,777,000	56,898,000	46,759,000	51,677,000	47,257,000	42,922,000	39,158,000	49,899,000	68,144,000	74,190,000	75,106,000	68,800,000	62,800,000	68,900,000
EBITDA Margin	17.43%	17.38%	15.29%	14.19%	12.56%	11.70%	11.68%	15.20%	13.16%	16.22%	16.92%	19.14%	17.64%	16.98%	16.42%	14.29%	12.12%	11.28%	11.88%	12.74%	12.70%	11.30%	12.38%	10.78%	10.35%	3.59%	8.16%	7.53%	8.76%	7.09%	7.43%	6.82%	8.69%	11.35%	11.65%	11.71%	11.17%	11.12%	12.24%
NOPAT	108,724,738	87,245,130	68,068,743	61,292,202	52,985,677	47,614,975	45,447,318	85,595,741	77,130,256	102,252,452	78,708,632	145,213,131	66,780,151	43,271,283	45,909,224	56,181,902	39,850,316	48,903,895	53,616,448	57,077,006	48,329,235	47,244,218	48,221,940	37,823,195	29,996,887	38,444,899	25,239,782	21,267,959	25,380,978	28,710,669	25,577,238	18,356,206	26,319,877	31,696,845	35,557,777	37,131,262	33,439,091	30,919,540	35,997,505
NOPAT Margin	14.49%	11.83%	9.20%	8.43%	7.47%	6.85%	6.66%	10.23%	10.92%	12.94%	10.92%	19.60%	9.08%	6.59%	7.59%	7.10%	4.59%	6.48%	7.13%	7.39%	6.75%	6.74%	7.60%	5.97%	5.19%	6.33%	3.62%	3.42%	4.30%	4.31%	4.43%	3.19%	4.59%	5.28%	5.58%	5.79%	5.43%	5.48%	6.40%
Owner's Earnings	95,655,667	80,425,600	60,859,000	52,876,667	45,381,800	40,016,200	35,561,441	62,775,000	77,891,000	62,855,000	80,916,000	143,196,000	67,199,000	47,962,000	30,961,000	43,703,000	39,228,000	40,412,000	52,158,000	48,866,000	38,625,000	46,248,000	34,459,000	16,362,000	38,436,000	4,203,000	25,716,000	26,099,000	20,032,000	26,772,000	14,706,000	6,267,000	19,878,000	25,146,000	18,538,242	27,600,000	-35,100,000	27,500,000	27,900,000
Owner's Earnings Margin	12.84%	10.99%	8.24%	7.25%	6.37%	5.71%	5.13%	7.50%	11.03%	7.96%	11.23%	19.32%	9.14%	7.31%	5.12%	5.52%	4.52%	5.35%	6.94%	6.33%	5.39%	6.59%	5.43%	2.58%	6.64%	0.69%	3.69%	4.20%	3.40%	4.02%	2.55%	1.09%	3.46%	4.19%	2.91%	4.30%	-5.70%	4.87%	4.96%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	750,596,667	728,672,200	741,470,100	724,845,067	698,345,300	678,371,040	666,040,824	790,107,000	720,635,000	741,048,000	735,339,000	656,232,000	604,535,000	791,579,000	868,382,000	755,258,000	751,586,000	772,142,000	716,180,000	701,260,000	634,640,000	633,753,000	578,454,000	607,086,000	697,541,000	621,211,000	589,938,000	666,240,000	577,450,000	574,536,000	573,992,000	600,152,000	637,048,705	641,400,000	616,200,000	564,600,000	562,700,000
Cash & Cash Equivalents	151,483,667	139,132,400	122,777,200	101,225,333	82,314,900	68,641,960	58,429,562	104,542,000	154,203,000	195,706,000	104,844,000	136,367,000	118,809,000	93,145,000	109,602,000	88,566,000	121,988,000	96,128,000	74,260,000	51,064,000	54,749,000	14,407,000	33,630,000	8,984,000	28,657,000	24,057,000	32,590,000	23,691,000	17,504,000	11,509,000	8,092,000	8,955,000	10,437,856	5,900,000	9,300,000	6,100,000	5,100,000
Cash & Cash Equivalents Margin	20.35%	19.22%	16.81%	13.94%	11.49%	9.65%	8.25%	13.23%	21.40%	26.41%	14.26%	20.78%	19.65%	11.77%	12.62%	11.73%	16.23%	12.45%	10.37%	7.28%	8.63%	2.27%	5.81%	1.48%	4.11%	3.87%	5.52%	3.56%	3.03%	2.00%	1.41%	1.49%	1.64%	0.92%	1.51%	1.08%	0.91%
Short-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Investments Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	151,483,667	139,132,400	122,777,200	101,225,333	82,314,900	68,641,960	58,429,562	104,542,000	154,203,000	195,706,000	104,844,000	136,367,000	118,809,000	93,145,000	109,602,000	88,566,000	121,988,000	96,128,000	74,260,000	51,064,000	54,749,000	14,407,000	33,630,000	8,984,000	28,657,000	24,057,000	32,590,000	23,691,000	17,504,000	11,509,000	8,092,000	8,955,000	10,437,856	5,900,000	9,300,000	6,100,000	5,100,000
Cash & Short-Term Investments Margin	20.35%	19.22%	16.81%	13.94%	11.49%	9.65%	8.25%	13.23%	21.40%	26.41%	14.26%	20.78%	19.65%	11.77%	12.62%	11.73%	16.23%	12.45%	10.37%	7.28%	8.63%	2.27%	5.81%	1.48%	4.11%	3.87%	5.52%	3.56%	3.03%	2.00%	1.41%	1.49%	1.64%	0.92%	1.51%	1.08%	0.91%
Net Receivables	164,679,333	155,993,600	136,348,400	125,619,267	118,373,700	112,985,280	110,032,096	172,702,000	166,758,000	154,578,000	148,284,000	137,646,000	115,491,000	113,414,000	119,783,000	129,529,000	105,299,000	111,225,000	108,596,000	102,268,000	103,000,000	95,716,000	96,154,000	84,079,000	104,038,000	106,116,000	92,798,000	84,320,000	89,435,000	91,714,000	93,219,000	98,470,000	104,430,867	97,900,000	98,500,000	86,900,000	88,600,000
Net Receivables Margin	21.95%	21.40%	18.54%	17.39%	16.95%	16.63%	16.49%	21.86%	23.14%	20.86%	20.17%	20.98%	19.10%	14.33%	13.79%	17.15%	14.01%	14.40%	15.16%	14.58%	16.23%	15.10%	16.62%	13.85%	14.91%	17.08%	15.73%	12.66%	15.49%	15.96%	16.24%	16.41%	16.39%	15.26%	15.99%	15.39%	15.75%
Inventory	105,212,333	102,567,600	102,619,700	98,211,800	93,651,800	92,951,760	96,603,153	129,994,000	87,106,000	98,537,000	105,339,000	91,862,000	85,031,000	76,302,000	127,223,000	119,401,000	105,402,000	108,305,000	97,065,000	84,956,000	73,076,000	83,578,000	69,554,000	75,634,000	87,619,000	91,301,000	75,751,000	86,836,000	85,787,000	82,530,000	92,931,000	102,674,000	112,200,601	120,000,000	122,900,000	109,500,000	109,700,000
Inventory Margin	13.95%	14.03%	13.83%	13.52%	13.37%	13.72%	14.60%	16.45%	12.09%	13.30%	14.33%	14.00%	14.07%	9.64%	14.65%	15.81%	14.02%	14.03%	13.55%	12.11%	11.51%	13.19%	12.02%	12.46%	12.56%	14.70%	12.84%	13.03%	14.86%	14.36%	16.19%	17.11%	17.61%	18.71%	19.94%	19.39%	19.50%
Other Current Assets	43,367,000	31,824,600	31,962,300	28,567,333	26,767,450	24,087,320	20,809,973	73,641,000	22,028,000	34,432,000	20,531,000	8,491,000	12,666,000	51,012,000	50,274,000	23,388,000	23,160,000	19,744,000	20,015,000	15,062,000	18,445,000	35,621,000	17,697,000	16,008,000	16,369,000	14,855,000	41,910,000	48,284,000	3,792,000	5,343,000	4,570,000	4,845,000	4,316,186	4,700,000	4,500,000	4,600,000	4,000,000
Other Current Assets Margin	5.67%	4.22%	4.16%	3.84%	3.76%	3.42%	2.98%	9.32%	3.06%	4.65%	2.79%	1.29%	2.10%	6.44%	5.79%	3.10%	3.08%	2.56%	2.79%	2.15%	2.91%	5.62%	3.06%	2.64%	2.35%	2.39%	7.10%	7.25%	0.66%	0.93%	0.80%	0.81%	0.68%	0.73%	0.73%	0.81%	0.71%
Total Current Assets	464,742,333	429,518,200	391,415,300	351,840,733	319,770,600	296,879,360	284,385,650	480,879,000	430,095,000	483,253,000	378,998,000	374,366,000	331,997,000	333,873,000	383,959,000	360,884,000	355,849,000	335,402,000	299,936,000	258,301,000	249,270,000	220,549,000	217,035,000	184,705,000	236,683,000	236,329,000	243,049,000	225,202,000	196,518,000	191,096,000	198,812,000	214,944,000	231,385,510	228,500,000	235,200,000	207,100,000	207,400,000
Total Current Assets Margin	61.92%	58.87%	53.08%	48.47%	45.41%	43.19%	42.11%	60.86%	59.68%	65.21%	51.54%	57.05%	54.92%	42.18%	44.22%	47.78%	47.35%	43.44%	41.88%	36.83%	39.28%	34.80%	37.52%	30.42%	33.93%	38.04%	41.20%	33.80%	34.03%	33.26%	34.64%	35.81%	36.32%	35.63%	38.17%	36.68%	36.86%
Property, Plant & Equipment	181,537,667	176,593,000	159,272,600	138,125,067	130,483,350	125,989,640	121,395,934	208,362,000	172,041,000	164,210,000	167,703,000	170,649,000	177,321,000	148,024,000	144,570,000	133,160,000	106,686,000	108,536,000	96,697,000	95,020,000	82,563,000	96,334,000	93,227,000	108,612,000	116,565,000	122,315,000	97,072,000	97,613,000	104,128,000	111,597,000	112,892,000	113,844,000	112,137,026	104,800,000	103,000,000	85,600,000	86,600,000
Property, Plant & Equipment Margin	24.13%	24.24%	21.77%	19.14%	18.70%	18.59%	18.20%	26.37%	23.87%	22.16%	22.81%	26.00%	29.33%	18.70%	16.65%	17.63%	14.19%	14.06%	13.50%	13.55%	13.01%	15.20%	16.12%	17.89%	16.71%	19.69%	16.45%	14.65%	18.03%	19.42%	19.67%	18.97%	17.60%	16.34%	16.72%	15.16%	15.39%
Goodwill	385,480,667	340,480,400	290,693,200	234,502,667	201,744,950	162,845,960	135,704,967	610,338,000	281,283,000	264,821,000	267,906,000	278,054,000	271,221,000	281,503,000	251,762,000	242,690,000	157,354,000	154,732,000	125,965,000	111,905,000	100,633,000	117,373,000	102,804,000	101,722,000	120,650,000	118,911,000	73,272,000	0	0	0	36,250,000	0	0	0	0	0	0
Goodwill Margin	50.67%	46.16%	39.33%	32.08%	28.23%	22.84%	19.03%	77.25%	39.03%	35.74%	36.43%	42.37%	44.86%	35.56%	28.99%	32.13%	20.94%	20.04%	17.59%	15.96%	15.86%	18.52%	17.77%	16.76%	17.30%	19.14%	12.42%	0.00%	0.00%	0.00%	6.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	126,693,667	112,956,000	103,084,200	77,905,933	63,276,550	59,477,080	53,773,708	225,757,000	78,673,000	75,651,000	85,770,000	98,929,000	106,412,000	118,660,000	98,075,000	102,503,000	40,412,000	38,048,000	31,490,000	25,837,000	19,818,000	22,554,000	17,791,000	20,450,000	27,473,000	31,228,000	0	66,910,000	63,415,000	50,002,000	0	41,069,000	31,184,247	32,100,000	33,100,000	15,200,000	14,700,000
Intangible Assets Margin	16.57%	15.29%	13.93%	10.60%	8.72%	8.44%	7.72%	28.57%	10.92%	10.21%	11.66%	15.08%	17.60%	14.99%	11.29%	13.57%	5.38%	4.93%	4.40%	3.68%	3.12%	3.56%	3.08%	3.37%	3.94%	5.03%	0.00%	10.04%	10.98%	8.70%	0.00%	6.84%	4.90%	5.00%	5.37%	2.69%	2.61%
Long-Term Investments	3,300,000	2,631,000	2,748,900	1,518,267	-1,455,400	-1,671,280	-1,392,733	5,000,000	4,900,000	0	0	3,255,000	2,100,000	2,452,000	5,082,000	2,400,000	2,300,000	2,300,000	3,100,000	2,500,000	0	-12,615,000	0	-13,278,000	-13,032,000	-11,093,000	-14,479,000	-12,674,000	0	0	0	0	0	0	0	0	0
Long-Term Investments Margin	0.44%	0.36%	0.37%	0.18%	-0.28%	-0.30%	-0.25%	0.63%	0.68%	0.00%	0.00%	0.50%	0.35%	0.31%	0.59%	0.32%	0.31%	0.30%	0.43%	0.36%	0.00%	-1.99%	0.00%	-2.19%	-1.87%	-1.79%	-2.45%	-1.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	14,674,333	12,355,000	11,318,000	8,780,533	9,179,500	9,537,520	7,947,933	11,971,000	17,450,000	14,602,000	8,186,000	9,566,000	17,322,000	14,140,000	7,447,000	1,135,000	11,361,000	917,000	878,000	-2,500,000	6,618,000	12,615,000	0	13,278,000	13,032,000	11,093,000	14,479,000	12,674,000	20,610,000	21,564,000	0	0	0	0	0	0	0
Tax Assets Margin	1.97%	1.70%	1.56%	1.24%	1.34%	1.44%	1.20%	1.52%	2.42%	1.97%	1.11%	1.46%	2.87%	1.79%	0.86%	0.15%	1.51%	0.12%	0.12%	-0.36%	1.04%	1.99%	0.00%	2.19%	1.87%	1.79%	2.45%	1.90%	3.57%	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	22,526,667	24,172,000	23,604,300	22,337,133	24,337,950	30,323,000	31,738,941	24,573,000	20,615,000	22,392,000	25,876,000	27,404,000	24,505,000	23,237,000	26,042,000	24,904,000	16,495,000	20,406,000	20,094,000	19,510,000	20,909,000	18,095,000	15,422,000	18,220,000	21,663,000	31,117,000	65,280,000	52,581,000	58,022,000	48,221,000	58,085,000	54,407,000	49,493,216	45,000,000	39,900,000	33,100,000	26,600,000
Other Non-Current Assets Margin	3.00%	3.34%	3.22%	3.10%	3.57%	4.68%	4.96%	3.11%	2.86%	3.02%	3.52%	4.18%	4.05%	2.94%	3.00%	3.30%	2.19%	2.64%	2.81%	2.78%	3.29%	2.86%	2.67%	3.00%	3.11%	5.01%	11.07%	7.89%	10.05%	8.39%	10.12%	9.07%	7.77%	7.02%	6.48%	5.86%	4.73%
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	734,213,000	669,187,400	590,721,200	483,169,600	427,566,900	386,501,920	349,168,750	1,086,001,000	574,962,000	541,676,000	555,441,000	587,857,000	598,881,000	588,016,000	532,978,000	506,792,000	334,608,000	324,939,000	278,224,000	252,272,000	230,541,000	254,356,000	229,244,000	249,004,000	286,351,000	303,571,000	235,624,000	217,104,000	246,175,000	231,384,000	207,227,000	209,320,000	192,814,489	181,900,000	176,000,000	133,900,000	127,900,000
Total Non-Current Assets Margin	96.78%	91.09%	80.18%	66.34%	60.28%	55.69%	50.86%	137.45%	79.79%	73.10%	75.54%	89.58%	99.06%	74.28%	61.38%	67.10%	44.52%	42.08%	38.85%	35.97%	36.33%	40.13%	39.63%	41.02%	41.05%	48.87%	39.94%	32.59%	42.63%	40.27%	36.10%	34.88%	30.27%	28.36%	28.56%	23.72%	22.73%
Total Assets	1,198,955,333	1,098,705,600	982,136,500	835,010,333	747,337,500	683,381,280	633,554,400	1,566,880,000	1,005,057,000	1,024,929,000	934,439,000	962,223,000	930,878,000	921,889,000	916,937,000	867,676,000	690,457,000	660,341,000	578,160,000	510,573,000	479,811,000	474,905,000	446,279,000	433,709,000	523,034,000	539,900,000	478,673,000	442,306,000	442,693,000	422,480,000	406,039,000	424,264,000	424,200,000	410,400,000	411,200,000	341,000,000	335,300,000
Total Assets Margin	158.70%	149.96%	133.26%	114.81%	105.69%	98.87%	92.97%	198.31%	139.47%	138.31%	127.08%	146.63%	153.98%	116.46%	105.59%	114.88%	91.87%	85.52%	80.73%	72.81%	75.60%	74.94%	77.15%	71.44%	74.98%	86.91%	81.14%	66.39%	76.66%	73.53%	70.74%	70.69%	66.59%	63.99%	66.73%	60.40%	59.59%
Accounts Payable	73,322,000	73,848,400	73,088,600	72,981,733	69,936,350	64,429,240	59,384,200	88,001,000	63,364,000	68,601,000	74,520,000	74,756,000	54,910,000	54,201,000	78,947,000	96,487,000	77,099,000	80,764,000	85,206,000	67,552,000	62,113,000	68,205,000	58,514,000	58,802,000	66,174,000	65,977,000	54,534,000	47,748,000	54,252,000	41,241,000	35,209,000	33,554,000	36,495,000	36,000,000	37,700,000	31,400,000	29,200,000
Accounts Payable Margin	9.73%	10.14%	9.88%	10.09%	10.02%	9.44%	8.80%	11.14%	8.79%	9.26%	10.13%	11.39%	9.08%	6.85%	9.09%	12.78%	10.26%	10.46%	11.90%	9.63%	9.79%	10.76%	10.12%	9.69%	9.49%	10.62%	9.24%	7.17%	9.40%	7.18%	6.13%	5.59%	5.73%	5.61%	6.12%	5.56%	5.19%
Short-Term Debt	9,151,333	8,655,600	5,147,500	3,771,667	4,659,450	9,272,440	8,282,252	11,129,000	8,289,000	8,036,000	7,891,000	7,933,000	8,016,000	0	0	181,000	0	0	0	0	0	5,100,000	0	0	28,579,000	4,162,000	3,873,000	52,213,000	746,000	910,000	82,221,000	2,532,000	2,356,563	4,000,000	3,000,000	2,000,000	5,300,000
Short-Term Debt Margin	1.21%	1.19%	0.73%	0.54%	0.68%	1.45%	1.31%	1.41%	1.15%	1.08%	1.07%	1.21%	1.33%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%	0.00%	0.00%	4.10%	0.67%	0.66%	7.84%	0.13%	0.16%	14.32%	0.42%	0.37%	0.62%	0.49%	0.35%	0.94%
Tax Payables	5,946,000	6,709,800	6,225,800	5,737,267	4,531,900	4,012,960	3,344,133	0	7,503,000	10,335,000	8,475,000	7,236,000	7,428,000	5,744,000	6,059,000	4,783,000	4,695,000	10,285,000	4,926,000	1,638,000	3,548,000	3,404,000	0	0	0	454,000	4,125,000	3,626,000	6,060,000	0	0	0	0	0	0	0	0
Tax Payables Margin	0.81%	0.94%	0.86%	0.80%	0.64%	0.57%	0.48%	0.00%	1.04%	1.39%	1.15%	1.10%	1.23%	0.73%	0.70%	0.63%	0.62%	1.33%	0.69%	0.23%	0.56%	0.54%	0.00%	0.00%	0.00%	0.07%	0.70%	0.54%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	0	102,400	-70,700	3,027,533	6,306,750	8,911,480	7,426,233	0	0	0	41,000	471,000	0	0	0	-181,000	-1,038,000	0	-1,061,000	-1,875,000	0	49,056,000	0	0	32,286,000	29,180,000	19,256,000	22,493,000	26,118,000	16,979,000	14,944,000	16,118,000	0	0	0	0	0
Deferred Revenue Margin	0.00%	0.02%	-0.01%	0.48%	0.99%	1.44%	1.20%	0.00%	0.00%	0.00%	0.01%	0.07%	0.00%	0.00%	0.00%	-0.02%	-0.14%	0.00%	-0.15%	-0.27%	0.00%	7.74%	0.00%	0.00%	4.63%	4.70%	3.26%	3.38%	4.52%	2.96%	2.60%	2.69%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	56,749,667	56,680,600	60,475,700	57,024,800	54,741,050	52,864,000	50,914,162	67,845,000	48,409,000	53,995,000	59,841,000	53,313,000	52,523,000	81,670,000	76,335,000	58,513,000	52,313,000	47,742,000	51,038,000	49,283,000	51,124,000	51,428,000	43,002,000	40,445,000	52,987,000	49,737,000	53,278,000	56,882,000	50,349,000	43,148,000	37,349,000	39,051,000	47,524,860	42,000,000	45,600,000	36,700,000	34,000,000
Other Current Liabilities Margin	7.53%	7.77%	8.14%	7.86%	7.83%	7.77%	7.61%	8.59%	6.72%	7.29%	8.14%	8.12%	8.69%	10.32%	8.79%	7.75%	6.96%	6.18%	7.13%	7.03%	8.06%	8.11%	7.43%	6.66%	7.60%	8.01%	9.03%	8.54%	8.72%	7.51%	6.51%	6.51%	7.46%	6.55%	7.40%	6.50%	6.04%
Total Current Liabilities	145,169,000	145,996,800	144,988,800	139,549,600	133,894,350	130,599,120	121,941,814	166,975,000	127,565,000	140,967,000	150,768,000	143,709,000	122,877,000	141,615,000	161,341,000	159,964,000	134,107,000	138,791,000	141,170,000	118,473,000	116,785,000	128,137,000	101,516,000	99,247,000	147,740,000	120,330,000	115,810,000	160,469,000	111,407,000	85,299,000	154,779,000	75,137,000	86,376,423	82,000,000	86,300,000	70,100,000	68,500,000
Total Current Liabilities Margin	19.29%	20.05%	19.61%	19.29%	19.17%	19.24%	18.20%	21.13%	17.70%	19.02%	20.50%	21.90%	20.33%	17.89%	18.58%	21.18%	17.84%	17.97%	19.71%	16.89%	18.40%	20.22%	17.55%	16.35%	21.18%	19.37%	19.63%	24.09%	19.29%	14.85%	26.97%	12.52%	13.56%	12.78%	14.01%	12.42%	12.17%
Long-Term Debt	323,796,000	281,221,200	231,702,100	168,244,000	154,761,650	142,777,760	142,016,001	592,572,000	179,601,000	199,215,000	206,187,000	228,531,000	235,443,000	197,610,000	193,772,000	191,976,000	92,114,000	101,753,000	45,056,000	50,072,000	-3,550,000	13,308,000	93,300,000	94,300,000	106,086,000	164,158,000	113,729,000	53,300,000	108,786,000	109,019,000	50,087,000	153,019,000	153,436,016	148,100,000	163,400,000	112,300,000	113,800,000
Long-Term Debt Margin	42.27%	37.93%	31.36%	22.78%	21.71%	20.57%	20.94%	75.00%	24.92%	26.88%	28.04%	34.82%	38.95%	24.96%	22.31%	25.42%	12.26%	13.18%	6.29%	7.14%	-0.56%	2.10%	16.13%	15.53%	15.21%	26.43%	19.28%	8.00%	18.84%	18.98%	8.73%	25.50%	24.09%	23.09%	26.52%	19.89%	20.22%
Capital Lease Obligations	41,336,667	36,881,600	22,070,100	8,930,600	6,697,950	5,358,360	4,465,300	51,186,000	39,014,000	33,810,000	31,357,000	29,041,000	36,293,000	0	0	0	0	0	0	0	-53,550,000	-33,192,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations Margin	5.48%	5.03%	3.11%	1.16%	0.87%	0.70%	0.58%	6.48%	5.41%	4.56%	4.26%	4.43%	6.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.44%	-5.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0	0	8,056,700	8,286,667	9,785,600	11,139,000	11,602,833	0	0	0	0	0	0	22,824,000	26,816,000	24,986,000	5,941,000	7,368,000	10,853,000	7,838,000	4,644,000	13,030,000	2,261,000	4,859,000	23,858,000	23,896,000	16,538,000	15,361,000	10,457,000	18,205,000	18,909,000	19,831,000	16,610,000	14,700,000	11,900,000	13,800,000	12,600,000
Deferred Tax Liabilities Margin	0.00%	0.00%	1.01%	1.10%	1.39%	1.66%	1.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.88%	3.09%	3.31%	0.79%	0.95%	1.52%	1.12%	0.73%	2.06%	0.39%	0.80%	3.42%	3.85%	2.80%	2.31%	1.81%	3.17%	3.29%	3.30%	2.61%	2.29%	1.93%	2.44%	2.24%
Other Non-Current Liabilities	73,809,667	76,625,600	84,421,600	67,824,467	56,343,750	50,759,080	42,931,323	67,743,000	76,388,000	77,298,000	78,141,000	83,558,000	110,926,000	95,527,000	84,213,000	82,086,000	88,336,000	63,859,000	40,355,000	43,202,000	11,925,000	13,810,000	12,194,000	15,736,000	22,192,000	27,085,000	32,301,000	37,623,000	48,509,000	48,035,000	3,832,000	4,103,000	2,962,701	3,300,000	3,400,000	3,600,000	5,700,000
Other Non-Current Liabilities Margin	9.87%	10.59%	11.57%	9.32%	7.88%	7.25%	6.15%	8.57%	10.60%	10.43%	10.63%	12.73%	18.35%	12.07%	9.70%	10.87%	11.75%	8.27%	5.63%	6.16%	1.88%	2.18%	2.11%	2.59%	3.18%	4.36%	5.48%	5.65%	8.40%	8.36%	0.67%	0.68%	0.47%	0.51%	0.55%	0.64%	1.01%
Total Non-Current Liabilities	397,605,667	357,846,800	324,180,400	255,562,267	233,707,650	214,929,160	205,094,591	660,315,000	255,989,000	276,513,000	284,328,000	312,089,000	346,369,000	315,961,000	304,801,000	299,048,000	186,391,000	172,980,000	96,264,000	101,112,000	120,119,000	101,155,000	152,700,000	158,176,000	152,136,000	215,139,000	162,568,000	106,284,000	167,752,000	175,259,000	72,828,000	176,953,000	173,008,717	166,100,000	178,700,000	129,700,000	132,100,000
Total Non-Current Liabilities Margin	52.14%	48.53%	43.93%	34.97%	33.05%	31.14%	30.24%	83.57%	35.52%	37.31%	38.67%	47.56%	57.30%	39.92%	35.10%	39.60%	24.80%	22.40%	13.44%	14.42%	18.93%	15.96%	26.40%	26.05%	21.81%	34.63%	27.56%	15.95%	29.05%	30.50%	12.69%	29.48%	27.16%	25.90%	29.00%	22.97%	23.48%
Total Liabilities	542,774,667	503,843,600	469,169,200	395,111,867	367,602,000	345,528,280	327,036,405	827,290,000	383,554,000	417,480,000	435,096,000	455,798,000	469,246,000	457,576,000	466,142,000	459,012,000	320,498,000	311,771,000	237,434,000	219,585,000	236,904,000	229,292,000	254,216,000	257,423,000	299,876,000	335,469,000	278,378,000	266,753,000	279,159,000	260,558,000	227,607,000	252,090,000	259,385,140	248,100,000	265,000,000	199,800,000	200,600,000
Total Liabilities Margin	71.42%	68.58%	63.54%	54.25%	52.22%	50.39%	48.44%	104.71%	53.22%	56.34%	59.17%	69.46%	77.62%	57.81%	53.68%	60.78%	42.64%	40.38%	33.15%	31.31%	37.33%	36.18%	43.95%	42.40%	42.99%	54.00%	47.19%	40.04%	48.34%	45.35%	39.65%	42.00%	40.72%	38.68%	43.01%	35.39%	35.65%
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	37,779,214	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,000	41,976,417	42,000,000	0	0	0
Common Stock Margin	5.60%	5.78%	5.71%	5.84%	6.09%	6.28%	5.67%	5.31%	5.82%	5.66%	5.71%	6.40%	6.94%	5.30%	4.83%	5.56%	5.58%	5.44%	5.86%	5.99%	6.61%	6.62%	7.26%	6.91%	6.02%	6.76%	7.12%	6.30%	7.27%	7.31%	7.31%	6.99%	6.59%	6.55%	0.00%	0.00%	0.00%
Retained Earnings	1,080,135,667	998,863,400	879,629,200	769,472,667	684,068,550	624,954,760	575,592,405	1,126,851,000	1,086,277,000	1,027,279,000	901,421,000	852,489,000	827,656,000	818,282,000	761,430,000	716,605,000	678,002,000	632,864,000	584,014,000	546,031,000	505,163,000	477,726,000	445,313,000	419,157,000	433,435,000	426,171,000	415,205,000	402,322,000	388,919,000	388,593,000	384,589,000	378,075,000	363,303,156	345,600,000	324,100,000	313,900,000	297,000,000
Retained Earnings Margin	143.99%	136.90%	119.75%	106.26%	97.05%	90.66%	84.61%	142.62%	150.74%	138.63%	122.59%	129.91%	136.91%	103.37%	87.68%	94.88%	90.21%	81.96%	81.55%	77.86%	79.60%	75.38%	76.98%	69.04%	62.14%	68.60%	70.38%	60.39%	67.35%	67.64%	67.00%	63.00%	57.03%	53.88%	52.60%	55.60%	52.78%
Accumulated OCI	-168,732,667	-155,130,000	-141,635,900	-116,701,867	-96,731,950	-81,832,920	-82,516,268	-164,765,000	-182,956,000	-158,477,000	-153,312,000	-116,140,000	-147,659,000	-137,278,000	-121,859,000	-115,938,000	-117,975,000	-93,017,000	-55,819,000	-65,280,000	-75,125,000	-44,928,000	-66,456,000	-52,591,000	-17,531,000	-26,533,000	-21,000,000	-30,468,000	-28,487,000	-31,918,000	-9,128,000	-11,183,000	-7,965,031	-3,500,000	-149,400,000	-137,900,000	-130,900,000
Accumulated OCI Margin	-22.54%	-21.23%	-19.30%	-16.07%	-13.58%	-11.60%	-12.13%	-20.85%	-25.39%	-21.39%	-20.85%	-17.70%	-24.43%	-17.34%	-14.03%	-15.35%	-15.70%	-12.05%	-7.79%	-9.31%	-11.84%	-7.09%	-11.49%	-8.66%	-2.51%	-4.27%	-3.56%	-4.57%	-4.93%	-5.56%	-1.59%	-1.86%	-1.25%	-0.55%	-24.25%	-24.42%	-23.26%
Minority Interest	9,304,333	5,582,600	2,791,300	1,860,867	1,395,650	1,116,520	930,433	27,913,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest Margin	1.18%	0.71%	0.35%	0.24%	0.18%	0.14%	0.12%	3.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	646,876,333	589,279,400	510,176,000	438,037,600	378,339,850	336,736,480	305,587,562	711,677,000	621,503,000	607,449,000	499,343,000	506,425,000	461,632,000	464,313,000	450,795,000	408,664,000	369,959,000	348,570,000	340,726,000	290,988,000	242,907,000	245,613,000	192,063,000	176,286,000	223,158,000	204,431,000	200,295,000	175,553,000	163,534,000	161,922,000	178,432,000	172,174,000	164,814,859	162,300,000	146,200,000	141,200,000	134,700,000
Total Shareholders’ Equity Margin	86.10%	80.67%	69.36%	60.32%	53.30%	48.34%	44.41%	90.07%	86.24%	81.97%	67.91%	77.17%	76.36%	58.66%	51.91%	54.11%	49.22%	45.14%	47.58%	41.50%	38.27%	38.76%	33.20%	29.04%	31.99%	32.91%	33.95%	26.35%	28.32%	28.18%	31.09%	28.69%	25.87%	25.30%	23.73%	25.01%	23.94%
Total Equity	656,180,667	594,862,000	512,967,300	439,898,467	379,735,500	337,853,000	306,517,995	739,590,000	621,503,000	607,449,000	499,343,000	506,425,000	461,632,000	464,313,000	450,795,000	408,664,000	369,959,000	348,570,000	340,726,000	290,988,000	242,907,000	245,613,000	192,063,000	176,286,000	223,158,000	204,431,000	200,295,000	175,553,000	163,534,000	161,922,000	178,432,000	172,174,000	164,814,859	162,300,000	146,200,000	141,200,000	134,700,000
Total Equity Margin	87.27%	81.38%	69.72%	60.56%	53.48%	48.49%	44.53%	93.61%	86.24%	81.97%	67.91%	77.17%	76.36%	58.66%	51.91%	54.11%	49.22%	45.14%	47.58%	41.50%	38.27%	38.76%	33.20%	29.04%	31.99%	32.91%	33.95%	26.35%	28.32%	28.18%	31.09%	28.69%	25.87%	25.30%	23.73%	25.01%	23.94%
Total Liabilities & Equity	1,198,955,333	1,098,705,600	982,136,500	835,010,333	747,337,500	683,381,280	633,554,400	1,566,880,000	1,005,057,000	1,024,929,000	934,439,000	962,223,000	930,878,000	921,889,000	916,937,000	867,676,000	690,457,000	660,341,000	578,160,000	510,573,000	479,811,000	474,905,000	446,279,000	433,709,000	523,034,000	539,900,000	478,673,000	442,306,000	442,693,000	422,480,000	406,039,000	424,264,000	424,200,000	410,400,000	411,200,000	341,000,000	335,300,000
Total Liabilities & Equity Margin	158.70%	149.96%	133.26%	114.81%	105.69%	98.87%	92.97%	198.31%	139.47%	138.31%	127.08%	146.63%	153.98%	116.46%	105.59%	114.88%	91.87%	85.52%	80.73%	72.81%	75.60%	74.94%	77.15%	71.44%	74.98%	86.91%	81.14%	66.39%	76.66%	73.53%	70.74%	70.69%	66.59%	63.99%	66.73%	60.40%	59.59%
Total Investments	3,300,000	2,631,000	2,748,900	1,518,267	-1,455,400	-1,671,280	-1,392,733	5,000,000	4,900,000	0	0	3,255,000	2,100,000	2,452,000	5,082,000	2,400,000	2,300,000	2,300,000	3,100,000	2,500,000	0	-12,615,000	0	-13,278,000	-13,032,000	-11,093,000	-14,479,000	-12,674,000	0	0	0	0	0	0	0	0	0
Total Investments Margin	0.44%	0.36%	0.37%	0.18%	-0.28%	-0.30%	-0.25%	0.63%	0.68%	0.00%	0.00%	0.50%	0.35%	0.31%	0.59%	0.32%	0.31%	0.30%	0.43%	0.36%	0.00%	-1.99%	0.00%	-2.19%	-1.87%	-1.79%	-2.45%	-1.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt	181,463,667	150,744,400	114,054,300	76,646,267	81,498,150	86,921,800	94,796,657	499,159,000	33,687,000	11,545,000	109,234,000	100,097,000	124,650,000	104,465,000	84,170,000	103,410,000	-29,874,000	6,903,000	-29,204,000	-992,000	-4,749,000	37,193,000	59,670,000	85,316,000	106,008,000	144,263,000	85,012,000	81,822,000	92,028,000	98,420,000	124,216,000	146,596,000	145,354,723	146,200,000	157,100,000	108,200,000	114,000,000
Net Debt Margin	23.14%	19.90%	15.27%	10.30%	11.59%	12.93%	14.46%	63.18%	4.67%	1.56%	14.85%	15.25%	20.62%	13.20%	9.69%	13.69%	-3.97%	0.89%	-4.08%	-0.14%	-0.75%	5.87%	10.32%	14.05%	15.20%	23.22%	14.41%	12.28%	15.94%	17.13%	21.64%	24.43%	22.82%	22.79%	25.49%	19.16%	20.26%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	750,596,667	728,672,200	741,470,100	724,845,067	698,345,300	678,371,040	666,040,824	790,107,000	720,635,000	741,048,000	735,339,000	656,232,000	604,535,000	791,579,000	868,382,000	755,258,000	751,586,000	772,142,000	716,180,000	701,260,000	634,640,000	633,753,000	578,454,000	607,086,000	697,541,000	621,211,000	589,938,000	666,240,000	577,450,000	574,536,000	573,992,000	600,152,000	637,048,705	641,400,000	616,200,000	564,600,000	562,700,000
Working Capital	319,573,333	283,521,400	246,426,500	212,291,133	185,876,250	166,280,240	162,443,836	313,904,000	302,530,000	342,286,000	228,230,000	230,657,000	209,120,000	192,258,000	222,618,000	200,920,000	221,742,000	196,611,000	158,766,000	139,828,000	132,485,000	92,412,000	115,519,000	85,458,000	88,943,000	115,999,000	127,239,000	64,733,000	85,111,000	105,797,000	44,033,000	139,807,000	145,009,087	146,500,000	148,900,000	137,000,000	138,900,000
Working Capital Margin	42.63%	38.82%	33.47%	29.18%	26.24%	23.94%	23.91%	39.73%	41.98%	46.19%	31.04%	35.15%	34.59%	24.29%	25.64%	26.60%	29.50%	25.46%	22.17%	19.94%	20.88%	14.58%	19.97%	14.08%	12.75%	18.67%	21.57%	9.72%	14.74%	18.41%	7.67%	23.30%	22.76%	22.84%	24.16%	24.26%	24.68%
Total Capital	979,823,667	879,156,200	747,007,500	615,909,200	542,152,900	492,300,240	458,813,781	1,315,378,000	809,393,000	814,700,000	713,421,000	742,889,000	705,091,000	661,923,000	644,567,000	600,640,000	462,073,000	451,601,000	385,782,000	341,060,000	292,907,000	297,213,000	285,363,000	270,586,000	357,823,000	372,751,000	317,897,000	281,066,000	273,066,000	271,851,000	310,740,000	327,725,000	320,607,438	314,400,000	312,600,000	255,500,000	253,800,000
Total Capital Margin	129.58%	119.79%	101.44%	84.57%	76.38%	70.92%	67.12%	166.48%	112.32%	109.94%	97.02%	113.21%	116.63%	83.62%	74.23%	79.53%	61.48%	58.49%	53.87%	48.64%	46.15%	46.90%	49.33%	44.57%	51.30%	60.00%	53.89%	42.19%	47.29%	47.32%	54.14%	54.61%	50.33%	49.02%	50.73%	45.25%	45.10%
Capital Employed	1,053,786,333	952,708,800	837,147,700	695,460,733	613,443,150	552,782,160	511,612,586	1,399,905,000	877,492,000	883,962,000	783,671,000	818,514,000	808,001,000	780,274,000	755,596,000	707,712,000	556,350,000	521,550,000	436,990,000	392,100,000	363,026,000	346,768,000	344,763,000	334,462,000	375,294,000	419,570,000	362,863,000	281,837,000	331,286,000	337,181,000	251,260,000	349,127,000	337,823,577	328,400,000	324,900,000	270,900,000	266,800,000
Capital Employed Margin	139.41%	129.91%	113.65%	95.53%	86.52%	79.63%	74.77%	177.18%	121.77%	119.29%	106.57%	124.73%	133.66%	98.57%	87.01%	93.70%	74.02%	67.55%	61.02%	55.91%	57.20%	54.72%	59.60%	55.09%	53.80%	67.54%	61.51%	42.30%	57.37%	58.69%	43.77%	58.17%	53.03%	51.20%	52.73%	47.98%	47.41%
Invested Capital	828,340,000	740,023,800	624,230,300	514,683,867	459,838,000	423,658,280	400,384,219	1,210,836,000	655,190,000	618,994,000	608,577,000	606,522,000	586,282,000	568,778,000	534,965,000	512,074,000	340,085,000	355,473,000	311,522,000	289,996,000	238,158,000	282,806,000	251,733,000	261,602,000	329,166,000	348,694,000	285,307,000	257,375,000	255,562,000	260,342,000	302,648,000	318,770,000	310,169,582	308,500,000	303,300,000	249,400,000	248,700,000
Invested Capital Margin	109.23%	100.58%	84.64%	70.63%	64.89%	61.27%	58.87%	153.25%	90.92%	83.53%	82.76%	92.42%	96.98%	71.85%	61.60%	67.80%	45.25%	46.04%	43.50%	41.35%	37.53%	44.62%	43.52%	43.09%	47.19%	56.13%	48.36%	38.63%	44.26%	45.31%	52.73%	53.11%	48.69%	48.10%	49.22%	44.17%	44.20%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	750,596,667	728,672,200	741,470,100	724,845,067	698,345,300	678,371,040	666,040,824	790,107,000	720,635,000	741,048,000	735,339,000	656,232,000	604,535,000	791,579,000	868,382,000	755,258,000	751,586,000	772,142,000	716,180,000	701,260,000	634,640,000	633,753,000	578,454,000	607,086,000	697,541,000	621,211,000	589,938,000	666,240,000	577,450,000	574,536,000	573,992,000	600,152,000	637,048,705	641,400,000	616,200,000	564,600,000	562,700,000
Net Income	89,515,333	73,714,200	59,221,300	55,038,800	45,655,650	40,121,000	37,994,276	55,802,000	73,591,000	139,153,000	61,482,000	38,543,000	41,014,000	47,189,000	36,632,000	46,577,000	52,230,000	55,243,000	49,749,000	45,322,000	46,907,000	36,148,000	27,960,000	-1,890,000	19,284,000	21,242,000	20,935,000	23,643,000	10,605,000	14,149,000	16,618,000	24,897,000	27,703,282	31,400,000	20,100,000	26,900,000	30,700,000
Net Income Margin	12.02%	10.06%	8.04%	7.60%	6.41%	5.73%	5.53%	7.06%	10.21%	18.78%	8.36%	5.87%	6.78%	5.96%	4.22%	6.17%	6.95%	7.15%	6.95%	6.46%	7.39%	5.70%	4.83%	-0.31%	2.76%	3.42%	3.55%	3.55%	1.84%	2.46%	2.90%	4.15%	4.35%	4.90%	3.26%	4.76%	5.46%
Depreciation & Amortization	30,684,000	30,998,000	28,559,600	24,004,533	21,718,000	19,406,000	18,392,395	35,438,000	28,140,000	28,474,000	29,697,000	33,241,000	32,294,000	30,881,000	29,163,000	20,315,000	17,953,000	16,684,000	14,591,000	15,547,000	13,490,000	14,160,000	14,407,000	15,541,000	17,113,000	15,198,000	12,033,000	11,944,000	11,484,000	0	13,281,000	14,081,000	13,621,846	13,800,000	13,900,000	12,800,000	12,500,000
Depreciation & Amortization Margin	4.08%	4.27%	3.90%	3.32%	3.09%	2.81%	2.71%	4.49%	3.90%	3.84%	4.04%	5.07%	5.34%	3.90%	3.36%	2.69%	2.39%	2.16%	2.04%	2.22%	2.13%	2.23%	2.49%	2.56%	2.45%	2.45%	2.04%	1.79%	1.99%	0.00%	2.31%	2.35%	2.14%	2.15%	2.26%	2.27%	2.22%
Deferred Income Tax	-3,294,667	-2,203,000	-837,500	-827,267	-607,950	-185,360	-5,333	0	-2,759,000	-7,125,000	-1,967,000	836,000	5,635,000	-3,509,000	7,391,000	-121,000	-6,756,000	-249,000	-3,343,000	-2,402,000	2,376,000	-416,000	5,320,000	-3,563,000	-467,000	1,133,000	-2,173,000	7,425,000	-1,882,000	-704,000	-432,000	3,118,000	1,874,000	2,800,000	-1,900,000	1,200,000	500,000
Deferred Income Tax Margin	-0.45%	-0.30%	-0.11%	-0.11%	-0.08%	-0.02%	0.01%	0.00%	-0.38%	-0.96%	-0.27%	0.13%	0.93%	-0.44%	0.85%	-0.02%	-0.90%	-0.03%	-0.47%	-0.34%	0.37%	-0.07%	0.92%	-0.59%	-0.07%	0.18%	-0.37%	1.11%	-0.33%	-0.12%	-0.08%	0.52%	0.29%	0.44%	-0.31%	0.21%	0.09%
Stock-Based Compensation	7,173,667	8,211,400	6,750,700	5,921,133	4,753,000	3,802,400	3,168,667	0	9,811,000	11,710,000	11,168,000	8,368,000	7,026,000	4,350,000	4,962,000	5,023,000	5,089,000	3,764,000	6,630,000	3,343,000	3,768,000	3,805,000	3,845,000	2,398,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.98%	1.15%	0.94%	0.83%	0.68%	0.54%	0.45%	0.00%	1.36%	1.58%	1.52%	1.28%	1.16%	0.55%	0.57%	0.67%	0.68%	0.49%	0.93%	0.48%	0.59%	0.60%	0.66%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-17,692,000	-16,410,200	-11,610,300	-8,250,400	-7,078,450	-4,707,920	-4,288,495	-22,431,000	-5,076,000	-25,569,000	-25,387,000	-3,588,000	-20,701,000	-7,564,000	3,131,000	-7,201,000	-1,717,000	-5,781,000	-1,005,000	6,248,000	-14,405,000	7,290,000	-28,754,000	5,343,000	7,066,000	879,000	-2,347,000	-19,590,000	2,987,000	23,940,000	13,106,000	3,428,000	2,843,165	-9,400,000	2,300,000	-1,100,000	-5,600,000
Change in Working Capital Margin	-2.33%	-2.20%	-1.62%	-1.15%	-1.03%	-0.64%	-0.60%	-2.84%	-0.70%	-3.45%	-3.45%	-0.55%	-3.42%	-0.96%	0.36%	-0.95%	-0.23%	-0.75%	-0.14%	0.89%	-2.27%	1.15%	-4.97%	0.88%	1.01%	0.14%	-0.40%	-2.94%	0.52%	4.17%	2.28%	0.57%	0.45%	-1.47%	0.37%	-0.19%	-1.00%
Accounts Receivable	-2,410,333	-4,868,800	-1,968,100	-2,515,667	3,395,650	2,716,520	2,263,767	-13,809,000	16,221,000	-9,643,000	-11,571,000	-5,542,000	2,325,000	7,647,000	-3,440,000	-6,013,000	4,144,000	-5,564,000	-6,614,000	3,001,000	-5,883,000	-2,994,000	-12,022,000	18,360,000	99,310,000	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Receivable Margin	-0.27%	-0.64%	-0.25%	-0.34%	0.50%	0.40%	0.34%	-1.75%	2.25%	-1.30%	-1.57%	-0.84%	0.38%	0.97%	-0.40%	-0.80%	0.55%	-0.72%	-0.92%	0.43%	-0.93%	-0.47%	-2.08%	3.02%	14.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	24,000	-5,165,600	-2,553,600	-3,356,733	-1,946,850	-811,760	-378,999	-16,101,000	17,085,000	-912,000	-18,183,000	-7,717,000	-9,050,000	18,223,000	-6,814,000	-3,796,000	1,729,000	-6,073,000	-10,041,000	-215,000	876,000	-9,362,000	5,393,000	11,605,000	4,299,000	-4,261,000	-5,622,000	-1,227,000	-10,562,000	9,805,000	9,760,000	10,867,000	7,924,044	-200,000	-5,100,000	-400,000	6,700,000
Inventory Margin	0.07%	-0.69%	-0.37%	-0.48%	-0.27%	-0.09%	-0.02%	-2.04%	2.37%	-0.12%	-2.47%	-1.18%	-1.50%	2.30%	-0.78%	-0.50%	0.23%	-0.79%	-1.40%	-0.03%	0.14%	-1.48%	0.93%	1.91%	0.62%	-0.69%	-0.95%	-0.18%	-1.83%	1.71%	1.70%	1.81%	1.24%	-0.03%	-0.83%	-0.07%	1.19%
Accounts Payable	-1,017,000	4,138,600	592,200	1,972,667	-2,013,350	-1,610,680	-1,342,233	14,021,000	-13,927,000	-3,145,000	6,132,000	17,612,000	174,000	-6,803,000	-9,326,000	4,552,000	-3,368,000	-3,657,000	15,166,000	3,832,000	-651,000	8,978,000	-1,081,000	-6,034,000	-62,742,000	0	0	0	0	0	0	0	0	0	0	0	0
Accounts Payable Margin	-0.19%	0.59%	0.12%	0.31%	-0.27%	-0.22%	-0.18%	1.77%	-1.93%	-0.42%	0.83%	2.68%	0.03%	-0.86%	-1.07%	0.60%	-0.45%	-0.47%	2.12%	0.55%	-0.10%	1.42%	-0.19%	-0.99%	-8.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-14,288,667	-10,514,400	-7,680,800	-4,350,667	-6,513,900	-5,002,000	-4,831,029	-6,542,000	-24,455,000	-11,869,000	-1,765,000	-7,941,000	-14,150,000	-26,631,000	22,711,000	-1,944,000	-4,222,000	9,513,000	484,000	-370,000	-8,747,000	10,668,000	-21,044,000	-18,588,000	-33,801,000	5,140,000	3,275,000	-18,363,000	13,549,000	14,135,000	3,346,000	-7,439,000	-5,080,879	-9,200,000	7,400,000	-700,000	-12,300,000
Other Working Capital Margin	-1.94%	-1.45%	-1.12%	-0.64%	-0.99%	-0.74%	-0.72%	-0.83%	-3.39%	-1.60%	-0.24%	-1.21%	-2.34%	-3.36%	2.62%	-0.26%	-0.56%	1.23%	0.07%	-0.05%	-1.38%	1.68%	-3.64%	-3.06%	-4.85%	0.83%	0.56%	-2.76%	2.35%	2.46%	0.58%	-1.24%	-0.80%	-1.43%	1.20%	-0.12%	-2.19%
Other Non-Cash Items	-22,035,333	-11,440,400	-7,721,200	-6,676,933	-3,674,050	-2,329,120	-2,275,416	787,000	-11,051,000	-55,842,000	2,722,000	6,182,000	-18,026,000	1,999,000	-16,354,000	-1,154,000	13,525,000	-5,622,000	3,677,000	-7,877,000	-8,470,000	-4,650,000	-1,377,000	21,615,000	2,531,000	385,000	3,519,000	-2,899,000	5,907,000	13,883,000	1,788,000	-3,426,000	-1,834,480	-200,000	-2,200,000	-2,900,000	-2,900,000
Other Non-Cash Items Margin	-2.99%	-1.53%	-1.06%	-0.94%	-0.48%	-0.28%	-0.29%	0.10%	-1.53%	-7.54%	0.37%	0.94%	-2.98%	0.25%	-1.88%	-0.15%	1.80%	-0.73%	0.51%	-1.12%	-1.33%	-0.73%	-0.24%	3.56%	0.36%	0.06%	0.60%	-0.44%	1.02%	2.42%	0.31%	-0.57%	-0.29%	-0.03%	-0.36%	-0.51%	-0.52%
Net Cash from Operating Activities	84,351,000	82,870,200	74,362,700	69,209,933	60,042,750	55,528,240	52,423,794	69,596,000	92,656,000	90,801,000	77,716,000	83,582,000	47,242,000	73,346,000	64,925,000	63,439,000	80,324,000	64,039,000	70,299,000	60,181,000	43,666,000	56,337,000	21,401,000	39,444,000	44,706,000	25,495,000	31,660,000	20,523,000	29,101,000	51,268,000	44,361,000	42,098,000	44,207,813	37,100,000	32,200,000	36,900,000	34,100,000
Net Cash from Operating Activities Margin	11.31%	11.44%	10.09%	9.56%	8.47%	8.05%	7.72%	8.81%	12.86%	12.25%	10.57%	12.74%	7.81%	9.27%	7.48%	8.40%	10.69%	8.29%	9.82%	8.58%	6.88%	8.89%	3.70%	6.50%	6.41%	4.10%	5.37%	3.08%	5.04%	8.92%	7.73%	7.01%	6.94%	5.78%	5.23%	6.54%	6.06%
Capital Expenditures (PPE)	-24,303,667	-23,710,800	-24,528,000	-22,928,067	-19,495,800	-17,513,960	-19,161,196	-28,343,000	-20,298,000	-24,270,000	-23,891,000	-21,752,000	-21,521,000	-34,367,000	-26,539,000	-26,448,000	-17,851,000	-22,561,000	-18,832,000	-14,147,000	-9,936,000	-33,165,000	-4,670,000	-5,933,000	-9,907,000	-10,341,000	-15,144,000	-8,815,000	-7,383,000	-7,882,000	-10,021,000	-13,832,000	-22,786,886	-17,600,000	-69,100,000	-12,200,000	-15,300,000
Capital Expenditures (PPE) Margin	-3.23%	-3.25%	-3.31%	-3.16%	-2.74%	-2.52%	-2.84%	-3.59%	-2.82%	-3.28%	-3.25%	-3.31%	-3.56%	-4.34%	-3.06%	-3.50%	-2.38%	-2.92%	-2.63%	-2.02%	-1.57%	-5.23%	-0.81%	-0.98%	-1.42%	-1.66%	-2.57%	-1.32%	-1.28%	-1.37%	-1.75%	-2.30%	-3.58%	-2.74%	-11.21%	-2.16%	-2.72%
Acquisitions (Net)	-150,976,000	-96,326,800	-78,809,200	-62,302,133	-52,603,150	-44,647,320	-37,206,100	-478,890,000	-41,061,000	67,023,000	-12,978,000	-15,728,000	-622,000	-127,924,000	-10,397,000	-153,815,000	-13,700,000	-57,149,000	-23,075,000	-39,613,000	0	-26,603,000	0	-5,617,000	0	-95,444,000	-16,470,000	-587,000	-30,803,000	-17,682,000	0	-15,048,000	0	0	0	0	0
Acquisitions (Net) Margin	-19.09%	-12.29%	-10.11%	-8.10%	-7.03%	-6.07%	-5.05%	-60.61%	-5.70%	9.04%	-1.76%	-2.40%	-0.10%	-16.16%	-1.20%	-20.37%	-1.82%	-7.40%	-3.22%	-5.65%	0.00%	-4.20%	0.00%	-0.93%	0.00%	-15.36%	-2.79%	-0.09%	-5.33%	-3.08%	0.00%	-2.51%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	0	0	0	2,211,000	3,176,700	2,541,360	2,117,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33,165,000	0	-695,000	0	31,064,000	0	0	0	0	0	0	0	0	0	0	0
Purchases of Investments Margin	0.00%	0.00%	0.00%	0.35%	0.51%	0.40%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.23%	0.00%	-0.11%	0.00%	5.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0	0	0	382,867	1,009,900	1,042,280	1,038,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,743,000	0	639,000	8,129,000	1,371,000	4,316,000	3,953,000	0	0	0	1,906,000	0	1,500,000	2,500,000	600,000	500,000
Sales / Maturities of Investments Margin	0.00%	0.00%	0.00%	0.06%	0.16%	0.16%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.91%	0.00%	0.11%	1.17%	0.22%	0.73%	0.59%	0.00%	0.00%	0.00%	0.32%	0.00%	0.23%	0.41%	0.11%	0.09%
Other Investing Activities	780,000	1,310,800	14,935,200	11,432,933	9,702,950	9,436,280	8,165,490	3,800,000	-270,000	-1,190,000	5,825,000	-1,611,000	21,526,000	112,620,000	4,671,000	1,212,000	2,769,000	1,194,000	8,744,000	1,073,000	18,520,000	-7,389,000	10,342,000	4,448,000	4,164,000	-642,000	4,253,000	4,585,000	26,194,000	10,269,000	268,000	532,000	857,689	5,100,000	2,500,000	600,000	0
Other Investing Activities Margin	0.09%	0.17%	1.97%	1.53%	1.34%	1.35%	1.18%	0.48%	-0.04%	-0.16%	0.79%	-0.25%	3.56%	14.23%	0.54%	0.16%	0.37%	0.15%	1.22%	0.15%	2.92%	-1.17%	1.79%	0.73%	0.60%	-0.10%	0.72%	0.69%	4.54%	1.79%	0.05%	0.09%	0.13%	0.80%	0.41%	0.11%	0.00%
Net Cash from Investing Activities	-174,499,667	-118,726,800	-88,402,000	-71,203,400	-58,209,400	-49,141,360	-45,045,440	-503,433,000	-61,629,000	41,563,000	-31,044,000	-39,091,000	-617,000	-49,671,000	-32,265,000	-179,051,000	-28,782,000	-78,516,000	-33,163,000	-52,687,000	8,584,000	-28,249,000	5,672,000	-7,158,000	2,386,000	-73,992,000	-23,045,000	-864,000	-11,992,000	-15,295,000	-9,753,000	-26,442,000	-21,929,197	-11,000,000	-64,100,000	-11,000,000	-14,800,000
Net Cash from Investing Activities Margin	-22.22%	-15.37%	-11.45%	-9.33%	-7.78%	-6.66%	-6.22%	-63.72%	-8.55%	5.61%	-4.22%	-5.96%	-0.10%	-6.27%	-3.72%	-23.71%	-3.83%	-10.17%	-4.63%	-7.51%	1.35%	-4.46%	0.98%	-1.18%	0.34%	-11.91%	-3.91%	-0.13%	-2.08%	-2.66%	-1.70%	-4.41%	-3.44%	-1.71%	-10.40%	-1.95%	-2.63%
Net Debt Issuance	125,501,333	70,300,800	44,571,600	30,308,733	18,778,850	13,200,800	12,328,967	403,204,000	-25,000,000	-1,700,000	-25,000,000	0	1,200,000	4,800,000	-1,288,000	99,500,000	-10,000,000	58,000,000	-5,000,000	-785,000	-1,600,000	-41,700,000	-1,000,000	-107,311,000	-33,855,000	51,023,000	12,089,000	-4,085,000	-397,000	-17,591,000	-23,243,000	-241,000	3,718,000	-14,869,000	51,800,000	-4,700,000	3,900,000
Net Debt Issuance Margin	15.78%	8.79%	5.64%	3.75%	2.19%	1.44%	1.42%	51.03%	-3.47%	-0.23%	-3.40%	0.00%	0.20%	0.61%	-0.15%	13.17%	-1.33%	7.51%	-0.70%	-0.11%	-0.25%	-6.58%	-0.17%	-17.68%	-4.85%	8.21%	2.05%	-0.61%	-0.07%	-3.06%	-4.05%	-0.04%	0.58%	-2.32%	8.41%	-0.83%	0.69%
Long-Term Debt Issuance	125,501,333	70,300,800	44,571,600	30,308,733	18,778,850	13,200,800	12,328,967	403,204,000	-25,000,000	-1,700,000	-25,000,000	0	1,200,000	4,800,000	-1,288,000	99,500,000	-10,000,000	58,000,000	-5,000,000	-785,000	200,000	-43,500,000	-1,000,000	-107,311,000	-33,855,000	51,023,000	12,089,000	-4,085,000	-397,000	-17,591,000	-23,243,000	-241,000	3,718,000	-14,869,000	51,800,000	-4,700,000	3,900,000
Long-Term Debt Issuance Margin	15.78%	8.79%	5.64%	3.75%	2.19%	1.44%	1.42%	51.03%	-3.47%	-0.23%	-3.40%	0.00%	0.20%	0.61%	-0.15%	13.17%	-1.33%	7.51%	-0.70%	-0.11%	0.03%	-6.86%	-0.17%	-17.68%	-4.85%	8.21%	2.05%	-0.61%	-0.07%	-3.06%	-4.05%	-0.04%	0.58%	-2.32%	8.41%	-0.83%	0.69%
Short-Term Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,800,000	1,800,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.28%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-22,419,000	-23,976,400	-17,980,800	-14,389,600	-11,076,400	-9,321,920	-9,418,900	-9,906,000	-31,824,000	-25,527,000	-31,425,000	-21,200,000	-10,437,000	-33,394,000	-2,652,000	-7,807,000	-5,636,000	-10,356,000	-6,692,000	-8,230,000	-5,521,000	-5,237,000	-698,000	-831,000	24,000	-1,923,000	-2,256,000	597,000	-2,145,000	-1,377,000	-2,311,000	-6,284,000	-10,689,000	-4,630,000	-6,600,000	-9,900,000	-17,700,000
Net Stock Issuance Margin	-3.04%	-3.32%	-2.47%	-1.99%	-1.54%	-1.31%	-1.37%	-1.25%	-4.42%	-3.44%	-4.27%	-3.23%	-1.73%	-4.22%	-0.31%	-1.03%	-0.75%	-1.34%	-0.93%	-1.17%	-0.87%	-0.83%	-0.12%	-0.14%	0.00%	-0.31%	-0.38%	0.09%	-0.37%	-0.24%	-0.40%	-1.05%	-1.68%	-0.72%	-1.07%	-1.75%	-3.15%
Common Stock Issuance	0	0	0	43,867	560,450	970,000	1,368,033	0	0	0	0	0	0	0	0	0	0	0	0	0	316,000	342,000	376,000	821,000	950,000	2,168,000	6,236,000	1,827,000	0	342,000	4,673,000	6,199,000	2,068,000	2,823,000	3,600,000	5,100,000	3,200,000
Common Stock Issuance Margin	0.00%	0.00%	0.00%	0.01%	0.09%	0.16%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%	0.07%	0.14%	0.14%	0.35%	1.06%	0.27%	0.00%	0.06%	0.81%	1.03%	0.32%	0.44%	0.58%	0.90%	0.57%
Common Stock Repurchased	-22,419,000	-23,976,400	-17,980,800	-14,481,400	-11,672,800	-10,320,680	-10,810,900	-9,906,000	-31,824,000	-25,527,000	-31,425,000	-21,200,000	-10,437,000	-33,394,000	-2,652,000	-7,807,000	-5,636,000	-10,356,000	-7,790,000	-8,509,000	-5,521,000	-5,237,000	-1,074,000	-1,652,000	-926,000	-4,091,000	-8,492,000	-1,230,000	-2,145,000	-1,719,000	-6,984,000	-12,483,000	-12,757,000	-7,453,000	-10,200,000	-15,000,000	-20,900,000
Common Stock Repurchased Margin	-3.04%	-3.32%	-2.47%	-2.00%	-1.63%	-1.47%	-1.60%	-1.25%	-4.42%	-3.44%	-4.27%	-3.23%	-1.73%	-4.22%	-0.31%	-1.03%	-0.75%	-1.34%	-1.09%	-1.21%	-0.87%	-0.83%	-0.19%	-0.27%	-0.13%	-0.66%	-1.44%	-0.18%	-0.37%	-0.30%	-1.22%	-2.08%	-2.00%	-1.16%	-1.66%	-2.66%	-3.71%
Preferred Stock Issuance	0	0	0	91,800	68,850	55,080	45,900	0	0	0	0	0	0	0	0	0	0	0	1,098,000	279,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-13,973,333	-13,123,600	-10,963,600	-8,693,200	-8,606,300	-8,920,760	-9,087,751	-15,033,000	-13,902,000	-12,985,000	-12,249,000	-11,449,000	-10,606,000	-9,826,000	-8,888,000	-7,852,000	-6,846,000	-5,820,000	-4,793,000	-3,891,000	-3,383,000	-2,875,000	-2,490,000	-8,384,000	-10,318,000	-10,276,000	-10,260,000	-10,240,000	-10,279,000	-10,145,000	-10,104,000	-10,125,000	-10,013,536	-9,900,000	-9,900,000	-10,000,000	-9,800,000
Net Dividends Paid Margin	-1.86%	-1.80%	-1.50%	-1.20%	-1.23%	-1.33%	-1.38%	-1.90%	-1.93%	-1.75%	-1.67%	-1.74%	-1.75%	-1.24%	-1.02%	-1.04%	-0.91%	-0.75%	-0.67%	-0.55%	-0.53%	-0.45%	-0.43%	-1.38%	-1.48%	-1.65%	-1.74%	-1.54%	-1.78%	-1.77%	-1.76%	-1.69%	-1.57%	-1.54%	-1.61%	-1.77%	-1.74%
Common Dividends Paid	-13,973,333	-13,123,600	-10,963,600	-8,693,200	-8,606,300	-8,920,760	-9,087,033	-15,033,000	-13,902,000	-12,985,000	-12,249,000	-11,449,000	-10,606,000	-9,826,000	-8,888,000	-7,852,000	-6,846,000	-5,820,000	-4,793,000	-3,891,000	-3,383,000	-2,875,000	-2,490,000	-8,384,000	-10,318,000	-10,276,000	-10,260,000	-10,240,000	-10,279,000	-10,145,000	-10,104,000	-10,125,000	-10,014,000	-9,878,000	-9,900,000	-10,000,000	-9,800,000
Common Dividends Paid Margin	-1.86%	-1.80%	-1.50%	-1.20%	-1.23%	-1.33%	-1.38%	-1.90%	-1.93%	-1.75%	-1.67%	-1.74%	-1.75%	-1.24%	-1.02%	-1.04%	-0.91%	-0.75%	-0.67%	-0.55%	-0.53%	-0.45%	-0.43%	-1.38%	-1.48%	-1.65%	-1.74%	-1.54%	-1.78%	-1.77%	-1.76%	-1.69%	-1.57%	-1.54%	-1.61%	-1.77%	-1.74%
Preferred Dividends Paid	0	0	0	0	0	0	-733	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-22,000	0	0	0
Preferred Dividends Paid Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	1,308,333	818,000	867,600	1,110,267	4,161,600	3,126,960	2,609,912	2,226,000	1,525,000	174,000	-752,000	917,000	866,000	219,000	915,000	849,000	1,737,000	2,784,000	1,650,000	1,990,000	965,000	589,000	0	66,650,000	0	242,000	-314,000	0	0	-5,058,000	0	0	1,356	22,000	0	0	100,000
Other Financing Activities Margin	0.17%	0.11%	0.12%	0.15%	0.66%	0.50%	0.41%	0.28%	0.21%	0.02%	-0.10%	0.14%	0.14%	0.03%	0.11%	0.11%	0.23%	0.36%	0.23%	0.28%	0.15%	0.09%	0.00%	10.98%	0.00%	0.04%	-0.05%	0.00%	0.00%	-0.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
Net Cash from Financing Activities	90,417,333	34,018,800	16,494,800	8,336,200	3,257,750	-1,914,920	-3,568,555	380,491,000	-69,201,000	-40,038,000	-69,426,000	-31,732,000	-18,977,000	-38,201,000	-11,913,000	84,690,000	-20,745,000	44,608,000	-14,835,000	-10,916,000	-9,539,000	-49,223,000	-4,188,000	-49,876,000	-44,149,000	39,066,000	-741,000	-13,728,000	-12,821,000	-34,171,000	-35,658,000	-16,650,000	-16,983,644	-29,400,000	35,300,000	-24,600,000	-23,500,000
Net Cash from Financing Activities Margin	11.05%	3.77%	1.80%	0.72%	0.09%	-0.70%	-0.92%	48.16%	-9.60%	-5.40%	-9.44%	-4.84%	-3.14%	-4.83%	-1.37%	11.21%	-2.76%	5.78%	-2.07%	-1.56%	-1.50%	-7.77%	-0.72%	-8.22%	-6.33%	6.29%	-0.13%	-2.06%	-2.22%	-5.95%	-6.21%	-2.77%	-2.67%	-4.58%	5.73%	-4.36%	-4.18%
Effect of FX on Cash	-369,333	-1,015,600	-1,614,100	-1,615,267	-1,048,550	-707,800	-642,047	3,685,000	-3,329,000	-1,464,000	-8,769,000	4,799,000	-1,984,000	-1,931,000	289,000	-2,500,000	-4,937,000	-8,263,000	895,000	-263,000	-2,369,000	1,912,000	1,761,000	-2,083,000	1,657,000	898,000	1,025,000	256,000	1,707,000	1,615,000	187,000	-489,000	-766,399	-100,000	-300,000	-300,000	-100,000
Effect of FX on Cash Margin	-0.06%	-0.13%	-0.22%	-0.22%	-0.14%	-0.09%	-0.08%	0.47%	-0.46%	-0.20%	-1.19%	0.73%	-0.33%	-0.24%	0.03%	-0.33%	-0.66%	-1.07%	0.12%	-0.04%	-0.37%	0.30%	0.30%	-0.34%	0.24%	0.14%	0.17%	0.04%	0.30%	0.28%	0.03%	-0.08%	-0.12%	-0.02%	-0.05%	-0.05%	-0.02%
Net Change in Cash	-100,667	-2,853,400	841,400	4,727,467	4,042,550	3,764,160	3,167,752	-49,661,000	-41,503,000	90,862,000	-31,523,000	17,558,000	25,664,000	-16,457,000	21,036,000	-33,422,000	25,860,000	21,868,000	23,196,000	-3,685,000	40,342,000	-19,223,000	24,646,000	-19,673,000	4,600,000	-8,533,000	8,899,000	6,187,000	5,995,000	3,417,000	-863,000	-1,483,000	4,528,573	-3,400,000	3,100,000	1,000,000	-4,300,000
Net Change in Cash Margin	0.07%	-0.28%	0.22%	0.74%	0.64%	0.60%	0.51%	-6.29%	-5.76%	12.26%	-4.29%	2.68%	4.25%	-2.08%	2.42%	-4.43%	3.44%	2.83%	3.24%	-0.53%	6.36%	-3.03%	4.26%	-3.24%	0.66%	-1.37%	1.51%	0.93%	1.04%	0.59%	-0.15%	-0.25%	0.71%	-0.53%	0.50%	0.18%	-0.76%
Cash at Beginning of Period	151,584,333	141,985,800	121,935,800	96,497,867	78,272,350	64,877,800	55,261,809	154,203,000	195,706,000	104,844,000	136,367,000	118,809,000	93,145,000	109,602,000	88,566,000	121,988,000	96,128,000	74,260,000	51,064,000	54,749,000	14,407,000	33,630,000	8,984,000	28,657,000	24,057,000	32,590,000	23,691,000	17,504,000	11,509,000	8,092,000	8,955,000	10,438,000	5,909,283	9,300,000	6,100,000	5,100,000	9,500,000
Cash at Beginning of Period Margin	20.27%	19.49%	16.59%	13.20%	10.85%	9.05%	7.74%	19.52%	27.16%	14.15%	18.54%	18.10%	15.41%	13.85%	10.20%	16.15%	12.79%	9.62%	7.13%	7.81%	2.27%	5.31%	1.55%	4.72%	3.45%	5.25%	4.02%	2.63%	1.99%	1.41%	1.56%	1.74%	0.93%	1.45%	0.99%	0.90%	1.69%
Cash at End of Period	151,483,667	139,132,400	122,777,200	101,225,333	82,314,900	68,641,960	58,429,562	104,542,000	154,203,000	195,706,000	104,844,000	136,367,000	118,809,000	93,145,000	109,602,000	88,566,000	121,988,000	96,128,000	74,260,000	51,064,000	54,749,000	14,407,000	33,630,000	8,984,000	28,657,000	24,057,000	32,590,000	23,691,000	17,504,000	11,509,000	8,092,000	8,955,000	10,437,856	5,900,000	9,200,000	6,100,000	5,200,000
Cash at End of Period Margin	20.35%	19.22%	16.81%	13.94%	11.49%	9.65%	8.25%	13.23%	21.40%	26.41%	14.26%	20.78%	19.65%	11.77%	12.62%	11.73%	16.23%	12.45%	10.37%	7.28%	8.63%	2.27%	5.81%	1.48%	4.11%	3.87%	5.52%	3.56%	3.03%	2.00%	1.41%	1.49%	1.64%	0.92%	1.49%	1.08%	0.92%
Operating Cash Flow	84,351,000	82,870,200	74,362,700	69,209,933	60,042,750	55,528,240	52,423,794	69,596,000	92,656,000	90,801,000	77,716,000	83,582,000	47,242,000	73,346,000	64,925,000	63,439,000	80,324,000	64,039,000	70,299,000	60,181,000	43,666,000	56,337,000	21,401,000	39,444,000	44,706,000	25,495,000	31,660,000	20,523,000	29,101,000	51,268,000	44,361,000	42,098,000	44,207,813	37,100,000	32,200,000	36,900,000	34,100,000
Operating Cash Flow Margin	11.31%	11.44%	10.09%	9.56%	8.47%	8.05%	7.72%	8.81%	12.86%	12.25%	10.57%	12.74%	7.81%	9.27%	7.48%	8.40%	10.69%	8.29%	9.82%	8.58%	6.88%	8.89%	3.70%	6.50%	6.41%	4.10%	5.37%	3.08%	5.04%	8.92%	7.73%	7.01%	6.94%	5.78%	5.23%	6.54%	6.06%
Capital Expenditure	-24,303,667	-23,710,800	-24,528,000	-22,928,067	-19,495,800	-17,513,960	-19,161,196	-28,343,000	-20,298,000	-24,270,000	-23,891,000	-21,752,000	-21,521,000	-34,367,000	-26,539,000	-26,448,000	-17,851,000	-22,561,000	-18,832,000	-14,147,000	-9,936,000	-33,165,000	-4,670,000	-5,933,000	-9,907,000	-10,341,000	-15,144,000	-8,815,000	-7,383,000	-7,882,000	-10,021,000	-13,832,000	-22,786,886	-17,600,000	-69,100,000	-12,200,000	-15,300,000
Capital Expenditure Margin	-3.23%	-3.25%	-3.31%	-3.16%	-2.74%	-2.52%	-2.84%	-3.59%	-2.82%	-3.28%	-3.25%	-3.31%	-3.56%	-4.34%	-3.06%	-3.50%	-2.38%	-2.92%	-2.63%	-2.02%	-1.57%	-5.23%	-0.81%	-0.98%	-1.42%	-1.66%	-2.57%	-1.32%	-1.28%	-1.37%	-1.75%	-2.30%	-3.58%	-2.74%	-11.21%	-2.16%	-2.72%
Free Cash Flow	60,047,333	59,159,400	49,834,700	46,281,867	40,546,950	38,014,280	33,262,598	41,253,000	72,358,000	66,531,000	53,825,000	61,830,000	25,721,000	38,979,000	38,386,000	36,991,000	62,473,000	41,478,000	51,467,000	46,034,000	33,730,000	23,172,000	16,731,000	33,511,000	34,799,000	15,154,000	16,516,000	11,708,000	21,718,000	43,386,000	34,340,000	28,266,000	21,420,927	19,500,000	-36,900,000	24,700,000	18,800,000
Free Cash Flow Margin	8.08%	8.20%	6.78%	6.39%	5.73%	5.53%	4.88%	5.22%	10.04%	8.98%	7.32%	9.42%	4.25%	4.92%	4.42%	4.90%	8.31%	5.37%	7.19%	6.56%	5.31%	3.66%	2.89%	5.52%	4.99%	2.44%	2.80%	1.76%	3.76%	7.55%	5.98%	4.71%	3.36%	3.04%	-5.99%	4.37%	3.34%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30	2011-06-30	2010-06-30	2009-06-30	2008-06-30	2007-06-30	2006-06-30	2005-06-30	2004-06-30	2003-06-30	2002-06-30	2001-06-30	2000-06-30	1999-06-30	1998-06-30	1997-06-30	1996-06-30
Revenue	750,596,667	728,672,200	741,470,100	724,845,067	698,345,300	678,371,040	666,040,824	790,107,000	720,635,000	741,048,000	735,339,000	656,232,000	604,535,000	791,579,000	868,382,000	755,258,000	751,586,000	772,142,000	716,180,000	701,260,000	634,640,000	633,753,000	578,454,000	607,086,000	697,541,000	621,211,000	589,938,000	666,240,000	577,450,000	574,536,000	573,992,000	600,152,000	637,048,705	641,400,000	616,200,000	564,600,000	562,700,000
EBITDA	130,649,333	126,619,000	112,521,300	102,712,400	88,884,250	81,002,600	79,162,033	128,179,000	121,923,000	141,846,000	129,708,000	111,439,000	99,250,000	113,128,000	105,264,000	85,213,000	89,263,000	98,371,000	90,936,000	79,248,000	78,589,000	68,329,000	59,888,000	21,777,000	56,898,000	46,759,000	51,677,000	47,257,000	42,922,000	39,158,000	49,899,000	68,144,000	74,190,000	75,106,000	68,800,000	62,800,000	68,900,000
EBITDA Margin	17.43%	17.38%	15.29%	14.19%	12.56%	11.70%	11.68%	16.22%	16.92%	19.14%	17.64%	16.98%	16.42%	14.29%	12.12%	11.28%	11.88%	12.74%	12.70%	11.30%	12.38%	10.78%	10.35%	3.59%	8.16%	7.53%	8.76%	7.09%	7.43%	6.82%	8.69%	11.35%	11.65%	11.71%	11.17%	11.12%	12.24%
(-) Tax Adjustment	23,232,921	26,247,978	28,467,954	26,360,072	25,394,710	23,751,449	24,306,884	20,647,232	27,598,436	21,453,095	31,604,846	29,936,279	23,970,947	31,766,118	55,349,035	21,127,133	21,226,422	26,976,842	24,213,656	20,591,124	19,906,528	19,033,387	17,384,485	43,554,000	20,007,941	13,716,886	17,829,802	15,438,326	13,247,813	13,172,232	15,842,119	28,191,541	30,323,137	29,313,216	26,894,545	23,965,057	24,924,324
(-) Tax Adjustment Margin	3.11%	3.64%	3.82%	3.61%	3.62%	3.47%	3.64%	2.61%	3.83%	2.89%	4.30%	4.56%	3.97%	4.01%	6.37%	2.80%	2.82%	3.49%	3.38%	2.94%	3.14%	3.00%	3.01%	7.17%	2.87%	2.21%	3.02%	2.32%	2.29%	2.29%	2.76%	4.70%	4.76%	4.57%	4.36%	4.24%	4.43%
(-) Change In Working Capital	-17,692,000	-16,410,200	-11,610,300	-8,250,400	-7,078,450	-4,707,920	-4,288,495	-22,431,000	-5,076,000	-25,569,000	-25,387,000	-3,588,000	-20,701,000	-7,564,000	3,131,000	-7,201,000	-1,717,000	-5,781,000	-1,005,000	6,248,000	-14,405,000	7,290,000	-28,754,000	5,343,000	7,066,000	879,000	-2,347,000	-19,590,000	2,987,000	23,940,000	13,106,000	3,428,000	2,843,165	-9,400,000	2,300,000	-1,100,000	-5,600,000
(-) Change In Working Capital Margin	-2.33%	-2.20%	-1.62%	-1.15%	-1.03%	-0.64%	-0.60%	-2.84%	-0.70%	-3.45%	-3.45%	-0.55%	-3.42%	-0.96%	0.36%	-0.95%	-0.23%	-0.75%	-0.14%	0.89%	-2.27%	1.15%	-4.97%	0.88%	1.01%	0.14%	-0.40%	-2.94%	0.52%	4.17%	2.28%	0.57%	0.45%	-1.47%	0.37%	-0.19%	-1.00%
(-) Capital Expenditure	-24,303,667	-23,710,800	-24,528,000	-22,928,067	-19,495,800	-17,513,960	-19,161,196	-28,343,000	-20,298,000	-24,270,000	-23,891,000	-21,752,000	-21,521,000	-34,367,000	-26,539,000	-26,448,000	-17,851,000	-22,561,000	-18,832,000	-14,147,000	-9,936,000	-33,165,000	-4,670,000	-5,933,000	-9,907,000	-10,341,000	-15,144,000	-8,815,000	-7,383,000	-7,882,000	-10,021,000	-13,832,000	-22,786,886	-17,600,000	-69,100,000	-12,200,000	-15,300,000
(-) Capital Expenditure Margin	-3.23%	-3.25%	-3.31%	-3.16%	-2.74%	-2.52%	-2.84%	-3.59%	-2.82%	-3.28%	-3.25%	-3.31%	-3.56%	-4.34%	-3.06%	-3.50%	-2.38%	-2.92%	-2.63%	-2.02%	-1.57%	-5.23%	-0.81%	-0.98%	-1.42%	-1.66%	-2.57%	-1.32%	-1.28%	-1.37%	-1.75%	-2.30%	-3.58%	-2.74%	-11.21%	-2.16%	-2.72%
Unlevered Free Cash Flow	100,804,746	93,070,422	71,135,646	61,674,661	51,072,190	44,445,111	39,982,448	101,619,768	79,102,564	121,691,905	99,599,154	63,338,721	74,459,053	54,558,882	20,244,965	44,838,867	51,902,578	54,614,158	48,895,344	38,261,876	63,151,472	8,840,613	66,587,515	-33,053,000	19,917,059	21,822,114	21,050,198	42,593,674	19,304,187	-5,836,232	10,929,881	22,692,459	18,236,812	37,592,784	-29,494,545	27,734,943	34,275,676
Unlevered Free Cash Flow Margin	13.42%	12.69%	9.78%	8.57%	7.23%	6.36%	5.80%	12.86%	10.98%	16.42%	13.54%	9.65%	12.32%	6.89%	2.33%	5.94%	6.91%	7.07%	6.83%	5.46%	9.95%	1.39%	11.51%	-5.44%	2.86%	3.51%	3.57%	6.39%	3.34%	-1.02%	1.90%	3.78%	2.86%	5.86%	-4.79%	4.91%	6.09%
(-) Net Interest Income After Taxes	-9,393,041	-7,400,840	-5,944,907	-4,562,894	-3,812,335	-3,049,868	-2,541,556	-20,076,165	-3,515,422	-4,587,536	-4,442,732	-4,382,346	-5,669,631	-7,738,613	-3,807,733	-3,040,606	-2,188,286	-2,294,141	-1,650,156	-1,827,476	-1,702,478	-1,520,085	-2,572,013	6,532,000	-6,165,849	0	-5,597,425	0	0	0	0	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	-1.22%	-0.98%	-0.80%	-0.62%	-0.52%	-0.42%	-0.35%	-2.54%	-0.49%	-0.62%	-0.60%	-0.67%	-0.94%	-0.98%	-0.44%	-0.40%	-0.29%	-0.30%	-0.23%	-0.26%	-0.27%	-0.24%	-0.44%	1.08%	-0.88%	0.00%	-0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	125,501,333	70,300,800	44,571,600	30,308,733	18,778,850	13,200,800	12,328,967	403,204,000	-25,000,000	-1,700,000	-25,000,000	0	1,200,000	4,800,000	-1,288,000	99,500,000	-10,000,000	58,000,000	-5,000,000	-785,000	-1,600,000	-41,700,000	-1,000,000	-107,311,000	-33,855,000	51,023,000	12,089,000	-4,085,000	-397,000	-17,591,000	-23,243,000	-241,000	3,718,000	-14,869,000	51,800,000	-4,700,000	3,900,000
Net Debt Issuance Margin	15.78%	8.79%	5.64%	3.75%	2.19%	1.44%	1.42%	51.03%	-3.47%	-0.23%	-3.40%	0.00%	0.20%	0.61%	-0.15%	13.17%	-1.33%	7.51%	-0.70%	-0.11%	-0.25%	-6.58%	-0.17%	-17.68%	-4.85%	8.21%	2.05%	-0.61%	-0.07%	-3.06%	-4.05%	-0.04%	0.58%	-2.32%	8.41%	-0.83%	0.69%
Levered Free Cash Flow	235,699,120	170,772,063	121,652,153	96,546,288	73,663,375	60,695,779	54,852,971	524,899,933	57,617,986	124,579,441	79,041,886	67,721,067	81,328,684	67,097,496	22,764,697	147,379,473	44,090,864	114,908,299	45,545,499	39,304,353	63,253,950	-31,339,302	68,159,528	-146,896,000	-7,772,092	72,845,114	38,736,624	38,508,674	18,907,187	-23,427,232	-12,313,119	22,451,459	21,954,812	22,723,784	22,305,455	23,034,943	38,175,676
Levered Free Cash Flow Margin	30.41%	22.46%	16.22%	12.94%	9.94%	8.22%	7.56%	66.43%	8.00%	16.81%	10.75%	10.32%	13.45%	8.48%	2.62%	19.51%	5.87%	14.88%	6.36%	5.60%	9.97%	-4.95%	11.78%	-24.20%	-1.11%	11.73%	6.57%	5.78%	3.27%	-4.08%	-2.15%	3.74%	3.45%	3.54%	3.62%	4.08%	6.78%