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## Seasonality 

Quarterly operating results fluctuate throughout the year. Summary information for each of the eight most recently completed quarters is presented below. 

<img src='content_image/170601.jpg'>

(1) See definition of Adjusted EBITDA on page 37. 

(2) Total for the year does not add to the sum of the quarters due to the nature of the calculations and rounding. 

(3) After tax income is net income excluding business acquisition, integration costs, and other income or expenses. 

