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NOTE 1: DESCRIPTION OF BUSINESS AND GENERAL The consolidated financial statements of Tower Semiconductor Ltd. (“Tower”) include the financial statements of Tower, and (i) its wholly-owned subsidiary Tower US Holdings Inc., the sole owner of: (1) Tower Semiconductor NPB Holdings, Inc. (formerly named “Jazz US Holdings, Inc.”) and its wholly-owned subsidiary, Tower Semiconductor Newport Beach, Inc. (formerly named “Jazz Semiconductor, Inc.”), an independent semiconductor foundry focused on specialty process technologies for the manufacture of analog intensive mixed-signal semiconductor devices (Tower Semiconductor NPB Holdings, Inc. and Tower Semiconductor Newport Beach, Inc. collectively referred to herein as “TSNB”); and (2) Tower Semiconductor San Antonio, Inc. (formerly named “TowerJazz Texas, Inc.”) (“TSSA”); (ii) its 51% owned subsidiary, Tower Partners Semiconductor Co., Ltd. (formerly named “TowerJazz Panasonic Semiconductor Co. Ltd.”) (“TPSCo”), an independent semiconductor foundry which includes three semiconductor manufacturing facilities located in Tonami, Uozu and Arai, in Hokuriku Japan. The other 49% of TPSCo’s shares are held by Nuvoton Technology Corporation Japan (“NTCJ”), formerly named “Panasonic Semiconductor Systems Co., Ltd.” (“PSCS”). PSCS’ name changed to NTCJ following the purchase of PSCS by Nuvoton Technology Corporation (“Nuvoton”) from Panasonic Corporation in September 2020; and (iii) its wholly-owned subsidiary Tower Semiconductor Italy S.r.l. (“TSIT”), incorporated during 2021 following the collaborative arrangement signed in June 2021 with ST Microelectronics S.r.l (“ST”) to share manufacturing capacity in a newly established 300 mm fabrication facility in Agrate, Italy (see Note 14F). Tower and its subsidiaries are collectively referred to as the “Company”. The Company is a global specialty foundry leader manufacturing integrated circuits, offering a broad range of customizable process technologies including: SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management and MEMS. The Company also provides a world-class design enablement platform for a quick and accurate design cycle, as well as Transfer Optimization and development Process Services (“TOPS”) to integrated device manufacturers (“IDMs”) and fabless companies that require capacity. To provide multi-fab sourcing and expanded capacity for its customers, the Company operates two manufacturing facilities in Israel (150mm and 200mm), two in the U.S. (200mm) and three in Japan through TPSCo (two 200mm and one 300mm), which provide 45nm CMOS, 65nm RF CMOS and 65nm advanced image sensor technologies. Tower’s ordinary shares are traded on the NASDAQ Global Select Market and on the Tel-Aviv Stock Exchange (“TASE”) under the symbol TSEM. In March 2020, the World Health Organization declared the novel coronavirus (“COVID-19”) a global pandemic. Since then, the impact of the COVID-19 pandemic continues to evolve as well as the global responses to curb its spread and to treat its impact, which have caused disruption to certain business sectors globally, resulting in economic and other difficulties in many regions worldwide, including supply chain shortages, absence of workforce due to infected and/or quarantined employees and service providers, as well as extended lead times for ordered equipment and supplies. To date, the COVID-19 pandemic has not had a material adverse effect on the Company's financial position or its financial stability.

0.51 0.49

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A.Basis of Presentation The Company’s consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“US GAAP”). <div> B.Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. </div> <div> C.Principals of Consolidation The Company’s consolidated financial statements include the financial statements of Tower and its subsidiaries. The Company’s consolidated financial statements are presented after elimination of inter-company transactions and balances. </div> <div> D. Cash and Cash Equivalents Cash and cash equivalents consist of cash, bank deposits, money market funds and short-term investments with insignificant interest rate risk and original maturities of three months or less. </div> <div> E. Short Term Interest-Bearing Deposits Short-term deposits include bank deposits with original maturities greater than three months and with remaining maturities of less than one year. Such deposits are presented at cost, including accrued interest, which approximates their fair value. </div> <div> <div> <div> F. Marketable Securities The Company accounts for its investments in grade debt securities in accordance with ASC 320 "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. The Company classifies its marketable securities as "available-for-sale", which are measured at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholders' equity as accumulated other comprehensive income (“OCI”). Gains and losses are recognized when realized, on a specific identification basis, in the Company's consolidated statements of income. The Company assessed the available-for-sales debt securities with an amortized cost basis in excess of estimated fair value to determine what amount of that difference, if any, is caused by expected credit losses in accordance with ASC 326, "Financial Instruments - Credit Losses". Allowance for credit losses is recognized as a charge in financing income (expense), net, on the consolidated statements of operation, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income (loss) in shareholders' equity. </div> <div/> The Company concluded that the current expected credit losses on its available-for-sale investment portfolio were immaterial. </div> </div> <div> G.Trade Accounts Receivable – Allowance for Expected Credit Loss The Company maintains an allowance based on specific analysis of each customer account receivable’s aging, assessment of its related risk and ability of the customer to make the required payment. In addition, in accordance with ASC 326, <span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-variant-ligatures:normal;font-weight:400;text-align:justify;text-indent:0.4px;white-space:normal;background-color:#ffffff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;font-style:italic">"Financial Instruments - Credit Losses", an allowance is maintained for estimated forward-looking losses resulting from possible inability of customers to make required payments (current expected losses). The amount of the allowance is determined principally on the basis of past collection experience and known financial factors regarding specific customers. Trade accounts receivables are written off against the allowance when it becomes evident that collection will not occur. Credit is extended to customers satisfying pre-defined credit criteria. The total allowance for expected credit losses was $946 and $1,065 as of December 31, 2021 and 2020, respectively. </div> <div> H. Inventories Inventories are stated at the lower of aggregate cost or net realizable value. If inventory costs exceed expected net realizable value, the Company records reserves for the difference between the cost and the expected net realizable value. Cost of raw materials is determined mainly on the basis of the weighted average moving price per unit. Work in progress is measured at production costs including acquisition costs, processing costs and other costs incurred in bringing the inventories to their present location and condition in the production line. </div> <div> I. Investments in Privately Held Companies Long-term investments include equity investments in privately-held companies without readily determinable fair values. In accordance with ASC 321 - <span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-variant-ligatures:normal;font-weight:400;text-align:justify;text-indent:0.4px;white-space:normal;background-color:#ffffff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;font-style:italic">“Investments - Equity Securities”, the Company may elect between fair value and a measurement alternative of cost, less impairments, and further adjust up or down, based on observable price changes in orderly transactions for identical or similar investments of the same issuer (“Measurement Alternative”). The Company elected to use the Measurement Alternative for each of its investments. Any adjustments resulting from impairments and/or observable price changes are recorded under “other income (expense), net” in the consolidated statements of operations. </div> <div/> <div> J. Property and Equipment The Company accounts for property and equipment in accordance with Accounting Standards Codification ASC 360 “Accounting for the Property, Plant and Equipment”. Property and equipment are presented at cost, including capitalizable costs. Capitalizable costs include only costs that are identifiable with, and related to, the property and equipment, and are incurred prior to their initial operation. Identifiable incremental direct costs include costs associated with constructing, establishing and installing property and equipment. Maintenance and repairs are charged to expenses as incurred. Property and equipment are presented net of investment grants received and less accumulated depreciation. <div> <div> Depreciation is calculated based on the straight-line method over the Company’s estimated useful lives of the assets, as follows: <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Buildings and building improvements, including facility infrastructure 10-25 years</div> <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Machinery and equipment, software and hardware 3-15 years.</div> </div> </div> Impairment charges, if needed, are determined based on the policy outlined in Note 2L below. Property and equipment also include assets under capital leases, which are depreciated according to their applicable useful life. </div> <div> K. Intangible Assets and Goodwill The Company accounts for intangible assets and goodwill in accordance with ASC 350 “Intangibles-Goodwill and Other”. Intangible assets include the values assigned to the intangible assets as part of the purchase price allocation made at the time of acquisition. Intangible assets are amortized over the expected estimated economic life commonly used in the industry. Goodwill is not amortized and subject to impairment testing. Impairment charges on intangibles or goodwill, if needed, are determined based on the policy outlined in Note 2L below. </div> <div/> <div> L. Impairment of Assets Impairment of Property, Equipment and Intangible Assets The Company reviews long-lived assets and intangible assets on a periodic basis, as well as when such review is required based upon relevant circumstances, to determine whether events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable, considering the undiscounted cash flows expected from them. If applicable, the Company recognizes an impairment loss based upon the difference between the carrying amount and the fair value of such assets, in accordance with ASC 360-10 “Property, Plant and Equipment”. As of December 31, 2021, the Company concluded there was no impairment to its long-lived assets and intangible assets. Impairment of Goodwill The Company operates in one reporting unit. The Company performs a qualitative analysis when testing goodwill for impairment. A qualitative goodwill impairment test is performed when the fair value of a reporting unit historically has significantly exceeded the carrying value of its net assets and based on current operations is expected to continue to do so. Otherwise, the Company is required to conduct a quantitative impairment test and estimate the fair value of the reporting unit using a combination of an income approach based on discounted cash flow analysis and a market approach based on market multiples. If the fair value of a reporting unit is less than its’ carrying value, a goodwill impairment charge is recorded for the difference. As of December 31, 2021, the Company performed a qualitative impairment test for its reporting unit and concluded there was no impairment of goodwill. Impairment of Investment in Privately Held Companies The Company concluded there was no impairment to its investments in privately held companies in 2021. </div> <div> M. Leases Effective January 1, 2019, the Company adopted ASC 842 “Leases” using the modified retrospective transition method and recognize a right-of-use asset (“ROU”) and lease liability for all operating and capital leases with a term greater than twelve months upon lease arrangement inception. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Because most of the Company’s leases do not provide an implicit rate, the Company's incremental borrowing rate is used based on the information available at the commencement date in determining the present value of lease payments. The lease terms used to calculate the ROU asset and related lease liability include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense. For additional information, see Notes 11D and 11E. </div> <div/> <div> <div> <div style="margin-left:75px;text-align:left">N. Revenue Recognition</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company follows ASC 606 “Revenue from Contracts with Customers“ and recognizes revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company’s revenues are generated principally from sales of semiconductor wafers. The Company, to a much lesser extent, also derives revenues from design support and other technical and support services incidental to the sale of semiconductor wafers. Most of the Company’s sales are achieved through the effort of its direct sales and business development force.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">Wafer sales typically contain a single performance obligation that is fulfilled on the date of delivery and recognized at a point in time, which is upon shipment of the Company’s products to unaffiliated customers, depending on shipping terms stipulated in the contract. Accordingly, control of the products transfers to the customer in accordance with the transaction's shipping terms. Taxes imposed by governmental authorities, such as sales taxes or value-added taxes, are excluded from net sales.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company provides for sales returns allowance relating to specified yield or quality commitments as a reduction of revenues, based on past experience and specific identification of events necessitating an allowance, which has been in immaterial amounts.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company provides its customers with other services that are less significant in scope and amount and for which recognition occurs over time when customers receive the services.</div> </div> <div/> <div style="text-align:left"> </div> <div> <div style="margin-left:75px;text-align:left">O. Research and Development</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">Research and development costs are charged to operations as incurred. Amounts received or receivable from the government of Israel and others, such as participation in research and development programs, are offset against research and development costs. The accrual for grants receivable is determined based on the terms of the programs, provided that the criteria for entitlement have been met.</div> </div> <div style="text-align:left"> </div> <div> <div style="margin-left:75px;text-align:left">P. Income Taxes</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company accounts for income taxes using an asset and liability approach as prescribed in ASC 740-10 “Income Taxes”. This topic prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities. Deferred taxes are measured using the enacted tax rates anticipated (under applicable law as of the balance sheet date) to apply when the deferred taxes are expected to be paid or realized. Deferred tax assets and liabilities, as well as any related valuation allowance, are classified as noncurrent items on the balance sheets.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company evaluates the potential realization of its deferred tax assets for each jurisdiction in which the Company operates at each reporting date and establishes valuation allowances when it is more likely than not that all or a part of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income of the same character and in the same jurisdiction. The Company considers all available positive and negative evidence in making this assessment, including, but not limited to, the scheduled reversal of deferred tax liabilities and deferred tax assets and projected future taxable income.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized based on all available evidence.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">ASC 740-10 prescribes a two-step approach for recognizing and measuring uncertain tax positions. The first step is to evaluate tax positions taken or expected to be taken in a tax return by assessing whether they are more-likely-than-not sustainable, based solely on their technical merits, upon examination and including resolution of any related appeals or litigation process. The second step is to measure the associated tax benefit of each position as the largest amount that the Company believes is more-likely-than-not realizable. Differences between the amount of tax benefits taken or expected to be taken in its income tax returns and the amount of tax benefits recognized in its financial statements, represent the Company's unrecognized income tax benefits. The Company's policy is to include interest and penalties related to unrecognized income tax benefits as a component of income tax expense. </div> </div> <div> <div/> <div> Q. Earnings per Ordinary Share Basic earnings per share are calculated in accordance with ASC 260, “Earnings Per Share” by dividing net profit or loss attributable to ordinary equity holders of Tower (the numerator) by the weighted average number of ordinary shares outstanding during the reported period (the denominator). Diluted earnings per share are calculated, if applicable, by adjusting net profit attributable to ordinary equity holders of Tower, and the weighted average number of ordinary shares, taking into effect all potential dilutive ordinary shares. </div> </div> </div> <div> R. Comprehensive Income In accordance with ASC 220 “Comprehensive Income”, comprehensive income represents the change in shareholders’ equity during a reporting period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a reporting period except those resulting from investments by owners and distributions to owners. Other comprehensive income (“OCI”) represents gains and losses that are included in comprehensive income but excluded from net profit. </div> <div> S. Functional Currency and Exchange Rate Income (Loss) The currency of the primary economic environment in which Tower, TSSA and TSNB conduct their operations is the U.S. Dollar (“dollar”). Thus, the dollar is their functional and reporting currency. Accordingly, monetary accounts maintained in currencies other than the dollar are re-measured into dollars in accordance with ASC 830-10 “Foreign Currency Matters”. All transaction gains and losses from the re-measurement of monetary balance sheet items are reflected in the statements of operations as financial income or expenses, as appropriate. The financial statements of TPSCo, whose functional currency is the Japanese Yen (“JPY”), have been translated into dollars. The assets and liabilities have been translated using the exchange rate in effect as of the balance sheet date. The statements of operations of TPSCo have been translated using the average exchange rate for the reported period. The resulting translation adjustments are charged or credited to OCI. </div> <div> T. Stock-based Compensation The Company applies the provisions of ASC Topic 718 “Compensation - Stock Compensation”, under which employees’ share-based equity awards (mostly restricted stock units and performance unit shares) are recognized based on the grant-date fair values. The compensation costs are recognized using the graded vesting attribution method based on the vesting terms of each unit included in the award resulting in an accelerated recognition of compensation costs. </div> <div/> <div> U. Fair Value Measurements of Financial Instruments ASC 820, "Fair Value Measurements and Disclosures" (“ASC 820”), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments primarily consist of cash, bank deposits, account receivables and payables, accrued liabilities, loans and leases whose carrying values approximate their current fair values because of their nature and respective maturity dates or durations. The Company had no financial assets or liabilities carried and measured on a non-recurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared such as marketable securities and investment in privately-held companies. </div> <div/> <div> V. Derivatives and Hedging Effective January 1, 2019, the Company adopted ASU 2017-12, “Derivatives and Hedging (“Topic 815”): Targeted Improvements to Accounting for Hedge Activities”. The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. For derivative instruments that are designated and qualify as cash flow hedges, the derivative's gain or loss is initially reported as a component of OCI and is subsequently reclassified into earnings when the hedged exposure affects earnings, in the same line item as the underlying hedged item on the consolidated statements of earnings. Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. </div> <div> W. Recently Adopted Accounting Pronouncements (i) In March 2020, the FASB issued ASU No. 2020-04,” Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”, which provides temporary optional guidance to ease potential accounting impacts associated with transitioning away from reference rates that are expected to be discontinued, such as interbank offered rates and London Interbank Offered Rate (“LIBOR”). The guidance includes practical expedients for contract modifications due to reference rate reform. Generally, contract modifications related to reference rate reform may be considered an event that does not require remeasurement or reassessment of a previous accounting determination at the modification date. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform - Scope," which clarified the scope and application of the original guidance. This guidance is effective immediately and is only available through December 31, 2022. This guidance did not impact the Company’s consolidated financial position, results of operations or cash flows. (ii) Effective January 1, 2021, the Company adopted ASU No. 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes.” This ASU is intended to simplify various aspects of accounting for income taxes by eliminating certain exceptions within Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes” and to clarify certain aspects of the current accounting guidance. Adoption of this standard did not materially impact the Company’s consolidated financial position, results of operations or cash flows. </div> <div> X. Recently Issued Accounting Pronouncements Not Yet Adopted The Company does not expect recently issued accounting standards or interpretations to have a material impact on the Company’s financial position, results of operations, cash flows or financial statement disclosures. </div>

A.Basis of Presentation The Company’s consolidated financial statements are presented in accordance with U.S. generally accepted accounting principles (“US GAAP”).

<div> B.Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with US GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. </div>

<div> C.Principals of Consolidation The Company’s consolidated financial statements include the financial statements of Tower and its subsidiaries. The Company’s consolidated financial statements are presented after elimination of inter-company transactions and balances. </div>

<div> <div> F. Marketable Securities The Company accounts for its investments in grade debt securities in accordance with ASC 320 "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. The Company classifies its marketable securities as "available-for-sale", which are measured at fair value, based on quoted market prices. Unrealized gains and losses are reported in a separate component of shareholders' equity as accumulated other comprehensive income (“OCI”). Gains and losses are recognized when realized, on a specific identification basis, in the Company's consolidated statements of income. The Company assessed the available-for-sales debt securities with an amortized cost basis in excess of estimated fair value to determine what amount of that difference, if any, is caused by expected credit losses in accordance with ASC 326, "Financial Instruments - Credit Losses". Allowance for credit losses is recognized as a charge in financing income (expense), net, on the consolidated statements of operation, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income (loss) in shareholders' equity. </div> <div/> The Company concluded that the current expected credit losses on its available-for-sale investment portfolio were immaterial. </div>

<div> G.Trade Accounts Receivable – Allowance for Expected Credit Loss The Company maintains an allowance based on specific analysis of each customer account receivable’s aging, assessment of its related risk and ability of the customer to make the required payment. In addition, in accordance with ASC 326, <span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-variant-ligatures:normal;font-weight:400;text-align:justify;text-indent:0.4px;white-space:normal;background-color:#ffffff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;font-style:italic">"Financial Instruments - Credit Losses", an allowance is maintained for estimated forward-looking losses resulting from possible inability of customers to make required payments (current expected losses). The amount of the allowance is determined principally on the basis of past collection experience and known financial factors regarding specific customers. Trade accounts receivables are written off against the allowance when it becomes evident that collection will not occur. Credit is extended to customers satisfying pre-defined credit criteria. The total allowance for expected credit losses was $946 and $1,065 as of December 31, 2021 and 2020, respectively. </div>

946000

1065000

<div> I. Investments in Privately Held Companies Long-term investments include equity investments in privately-held companies without readily determinable fair values. In accordance with ASC 321 - <span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-variant-ligatures:normal;font-weight:400;text-align:justify;text-indent:0.4px;white-space:normal;background-color:#ffffff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;font-style:italic">“Investments - Equity Securities”, the Company may elect between fair value and a measurement alternative of cost, less impairments, and further adjust up or down, based on observable price changes in orderly transactions for identical or similar investments of the same issuer (“Measurement Alternative”). The Company elected to use the Measurement Alternative for each of its investments. Any adjustments resulting from impairments and/or observable price changes are recorded under “other income (expense), net” in the consolidated statements of operations. </div>

<div> J. Property and Equipment The Company accounts for property and equipment in accordance with Accounting Standards Codification ASC 360 “Accounting for the Property, Plant and Equipment”. Property and equipment are presented at cost, including capitalizable costs. Capitalizable costs include only costs that are identifiable with, and related to, the property and equipment, and are incurred prior to their initial operation. Identifiable incremental direct costs include costs associated with constructing, establishing and installing property and equipment. Maintenance and repairs are charged to expenses as incurred. Property and equipment are presented net of investment grants received and less accumulated depreciation. <div> <div> Depreciation is calculated based on the straight-line method over the Company’s estimated useful lives of the assets, as follows: <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Buildings and building improvements, including facility infrastructure 10-25 years</div> <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Machinery and equipment, software and hardware 3-15 years.</div> </div> </div> Impairment charges, if needed, are determined based on the policy outlined in Note 2L below. Property and equipment also include assets under capital leases, which are depreciated according to their applicable useful life. </div>

<div> Depreciation is calculated based on the straight-line method over the Company’s estimated useful lives of the assets, as follows: <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Buildings and building improvements, including facility infrastructure 10-25 years</div> <div style="margin-left:104px;text-align:justify;text-indent:0.3pt">Machinery and equipment, software and hardware 3-15 years.</div> </div>

P10Y

P25Y

P3Y

P15Y

<div> L. Impairment of Assets Impairment of Property, Equipment and Intangible Assets The Company reviews long-lived assets and intangible assets on a periodic basis, as well as when such review is required based upon relevant circumstances, to determine whether events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable, considering the undiscounted cash flows expected from them. If applicable, the Company recognizes an impairment loss based upon the difference between the carrying amount and the fair value of such assets, in accordance with ASC 360-10 “Property, Plant and Equipment”. As of December 31, 2021, the Company concluded there was no impairment to its long-lived assets and intangible assets. Impairment of Goodwill The Company operates in one reporting unit. The Company performs a qualitative analysis when testing goodwill for impairment. A qualitative goodwill impairment test is performed when the fair value of a reporting unit historically has significantly exceeded the carrying value of its net assets and based on current operations is expected to continue to do so. Otherwise, the Company is required to conduct a quantitative impairment test and estimate the fair value of the reporting unit using a combination of an income approach based on discounted cash flow analysis and a market approach based on market multiples. If the fair value of a reporting unit is less than its’ carrying value, a goodwill impairment charge is recorded for the difference. As of December 31, 2021, the Company performed a qualitative impairment test for its reporting unit and concluded there was no impairment of goodwill. Impairment of Investment in Privately Held Companies The Company concluded there was no impairment to its investments in privately held companies in 2021. </div>

<div> <div style="margin-left:75px;text-align:left">N. Revenue Recognition</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company follows ASC 606 “Revenue from Contracts with Customers“ and recognizes revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company’s revenues are generated principally from sales of semiconductor wafers. The Company, to a much lesser extent, also derives revenues from design support and other technical and support services incidental to the sale of semiconductor wafers. Most of the Company’s sales are achieved through the effort of its direct sales and business development force.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">Wafer sales typically contain a single performance obligation that is fulfilled on the date of delivery and recognized at a point in time, which is upon shipment of the Company’s products to unaffiliated customers, depending on shipping terms stipulated in the contract. Accordingly, control of the products transfers to the customer in accordance with the transaction's shipping terms. Taxes imposed by governmental authorities, such as sales taxes or value-added taxes, are excluded from net sales.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company provides for sales returns allowance relating to specified yield or quality commitments as a reduction of revenues, based on past experience and specific identification of events necessitating an allowance, which has been in immaterial amounts.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company provides its customers with other services that are less significant in scope and amount and for which recognition occurs over time when customers receive the services.</div> </div>

<div> <div style="margin-left:75px;text-align:left">P. Income Taxes</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company accounts for income taxes using an asset and liability approach as prescribed in ASC 740-10 “Income Taxes”. This topic prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities. Deferred taxes are measured using the enacted tax rates anticipated (under applicable law as of the balance sheet date) to apply when the deferred taxes are expected to be paid or realized. Deferred tax assets and liabilities, as well as any related valuation allowance, are classified as noncurrent items on the balance sheets.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">The Company evaluates the potential realization of its deferred tax assets for each jurisdiction in which the Company operates at each reporting date and establishes valuation allowances when it is more likely than not that all or a part of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income of the same character and in the same jurisdiction. The Company considers all available positive and negative evidence in making this assessment, including, but not limited to, the scheduled reversal of deferred tax liabilities and deferred tax assets and projected future taxable income.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized based on all available evidence.</div> <div style="text-align:left"> </div> <div style="margin-left:104px;text-align:left;text-indent:0.3pt">ASC 740-10 prescribes a two-step approach for recognizing and measuring uncertain tax positions. The first step is to evaluate tax positions taken or expected to be taken in a tax return by assessing whether they are more-likely-than-not sustainable, based solely on their technical merits, upon examination and including resolution of any related appeals or litigation process. The second step is to measure the associated tax benefit of each position as the largest amount that the Company believes is more-likely-than-not realizable. Differences between the amount of tax benefits taken or expected to be taken in its income tax returns and the amount of tax benefits recognized in its financial statements, represent the Company's unrecognized income tax benefits. The Company's policy is to include interest and penalties related to unrecognized income tax benefits as a component of income tax expense. </div> </div>

<div> U. Fair Value Measurements of Financial Instruments ASC 820, "Fair Value Measurements and Disclosures" (“ASC 820”), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments primarily consist of cash, bank deposits, account receivables and payables, accrued liabilities, loans and leases whose carrying values approximate their current fair values because of their nature and respective maturity dates or durations. The Company had no financial assets or liabilities carried and measured on a non-recurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared such as marketable securities and investment in privately-held companies. </div>

<div> W. Recently Adopted Accounting Pronouncements (i) In March 2020, the FASB issued ASU No. 2020-04,” Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”, which provides temporary optional guidance to ease potential accounting impacts associated with transitioning away from reference rates that are expected to be discontinued, such as interbank offered rates and London Interbank Offered Rate (“LIBOR”). The guidance includes practical expedients for contract modifications due to reference rate reform. Generally, contract modifications related to reference rate reform may be considered an event that does not require remeasurement or reassessment of a previous accounting determination at the modification date. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform - Scope," which clarified the scope and application of the original guidance. This guidance is effective immediately and is only available through December 31, 2022. This guidance did not impact the Company’s consolidated financial position, results of operations or cash flows. (ii) Effective January 1, 2021, the Company adopted ASU No. 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes.” This ASU is intended to simplify various aspects of accounting for income taxes by eliminating certain exceptions within Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes” and to clarify certain aspects of the current accounting guidance. Adoption of this standard did not materially impact the Company’s consolidated financial position, results of operations or cash flows. </div>

NOTE 3: INVENTORIES Inventories consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Raw materials </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 81,734 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 60,855 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Work in process </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 146,840 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 133,144 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Finished goods </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,938 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,127 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 234,512 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 199,126 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> Work in process and finished goods are presented net of aggregate write-downs to net realizable value of $2,775 and $1,946 as of December 31, 2021 and 2020, respectively.

Inventories consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Raw materials </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 81,734 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 60,855 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Work in process </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 146,840 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 133,144 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Finished goods </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,938 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,127 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 234,512 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 199,126 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

81734000

60855000

146840000

133144000

5938000

5127000

234512000

199126000

2775000

1946000

NOTE 4: OTHER CURRENT ASSETS Other current assets consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Tax receivables </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,540 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Prepaid expenses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 36,786 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 6,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Receivables from Hedging transactions - see Notes<span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-style:normal;font-variant:normal;font-weight:normal;text-align:justify;white-space:normal;background-color:#cceeff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"> 10, 12A and 12D </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 10,322 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 11,609 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Insurance receivables - see Note 14E </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> - </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,949 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Other receivables </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 2,169 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 1,243 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 54,817 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 30,810 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

Other current assets consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Tax receivables </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,540 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Prepaid expenses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 36,786 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 6,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Receivables from Hedging transactions - see Notes<span style="color:#000000;font-family:Times New Roman, Times, serif;font-size:13.3333px;font-style:normal;font-variant:normal;font-weight:normal;text-align:justify;white-space:normal;background-color:#cceeff;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"> 10, 12A and 12D </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 10,322 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 11,609 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Insurance receivables - see Note 14E </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> - </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,949 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Other receivables </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 2,169 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 1,243 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 54,817 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 30,810 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

5540000

5019000

36786000

6990000

10322000

11609000

5949000

2169000

1243000

54817000

30810000

NOTE 5: LONG-TERM INVESTMENTS Long-term investments consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Severance-pay funds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,942 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 10,472 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Long-term bank deposits </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 12,500 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 12,500 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Investments in privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 39,597 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 40,699 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

Long-term investments consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Severance-pay funds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,942 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 10,472 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Long-term bank deposits </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 12,500 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 12,500 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Investments in privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 39,597 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 40,699 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

11942000 10472000 12500000 12500000

15155000

17727000

39597000

40699000

432069000

430258000

3254062000

2998019000

3686131000

3428277000

267942000

255353000

2541506000

2333753000

2809448000

2589106000

876683000

839171000

211790000

213683000

14037000

13421000

285000000 285000000

<div> Intangible assets consist of the following as of December 31, 2021: <div style="margin-left:60pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:49%;vertical-align:middle"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Useful life (years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Accumulated Amortization </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Net </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Technologies </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 4-20 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 8,172 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (3,332 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 4,840 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Facilities’ lease </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 19 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 33,500 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (26,817 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 6,683 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Customer relationships </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 15 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 2,600 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (2,303 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 297 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Total identifiable intangible assets </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 44,272 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> (32,452 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 11,820 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> Intangible assets consist of the following as of December 31, 2020: <div style="margin-left:60pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:49%;vertical-align:middle"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Useful life (years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Accumulated Amortization </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Net </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Technologies </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 4-20 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 5,320 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (2,799 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 2,521 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Facilities’ lease </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 19 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 33,500 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (25,529 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 7,971 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Customer relationships </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 15 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 2,600 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (2,130 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 470 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:49%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Total identifiable intangible assets </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 41,420 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> (30,458 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 10,962 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> </div>

P4Y

P20Y

8172000

3332000

4840000

P19Y

33500000

26817000

6683000

P15Y

2600000

2303000

297000

44272000

32452000

11820000

P4Y

P20Y

5320000

2799000

2521000

P19Y

33500000

25529000

7971000

P15Y

2600000

2130000

470000

41420000

30458000

10962000

NOTE 8: DEFERRED TAX AND OTHER LONG-TERM ASSETS, NET Deferred tax and other long-term assets, net consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt;margin-bottom:15px"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Deferred tax asset (see Note 19) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 53,526 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 57,802 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Right of use - assets under operating leases </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 14,113 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 18,990 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Fair value of cross-currency interest rate swap (see Note 12D) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> 4,372 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> 10,661 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Prepaid long-term land lease, net </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,934 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 3,055 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Long-term prepaid expenses </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 24,993 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 2,893 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 99,938 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 93,401 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div>

Deferred tax and other long-term assets, net consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt;margin-bottom:15px"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Deferred tax asset (see Note 19) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 53,526 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 57,802 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Right of use - assets under operating leases </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 14,113 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 18,990 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Fair value of cross-currency interest rate swap (see Note 12D) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> 4,372 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> 10,661 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Prepaid long-term land lease, net </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,934 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 3,055 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Long-term prepaid expenses </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 24,993 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 2,893 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 99,938 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 93,401 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div>

53526000 57802000

14113000

18990000

4372000 10661000

2934000

3055000

24993000

2893000

99938000 93401000

NOTE 9: OTHER CURRENT LIABILITIES Other current liabilities consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Tax payables </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 10,272 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 4,935 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Hedging transactions payables </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 3,040 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">-</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Interest payable on debt </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 588 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 868 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Others </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,109 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,102 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 16,009 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 7,905 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div>

Other current liabilities consist of the following as of December 31, 2021 and 2020: <div style="margin-left:60pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Tax payables </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 10,272 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 4,935 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Hedging transactions payables </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 3,040 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">-</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Interest payable on debt </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 588 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 868 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Others </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,109 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,102 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:74%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 16,009 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> 7,905 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div>

10272000

4935000

3040000

588000

868000

2109000

2102000

16009000

7905000

NOTE 10: SERIES G DEBENTURES In June 2016, Tower raised approximately $115,000 through the issuance of long-term unsecured non-convertible debentures (“Series G Debentures”). The Series G Debentures are payable in seven semi-annual consecutive equal installments from March 2020 to March 2023 and carry an annual interest rate of 2.79%, payable semi-annually. The principal and interest amounts are denominated in NIS and are not linked to any index or to any other currency. The Company entered into cash flow hedging transactions to mitigate the foreign exchange rate differences on the principal and interest using a cross-currency swap. As of December 31, 2021 and December 31, 2020, the outstanding principal amount of Series G Debentures was NIS 201 million and NIS 334 million, respectively (approximately $64,000 and $104,000, respectively), with related hedging transactions net asset fair value of approximately $13,000 and $17,000, respectively. The changes in the fair value of outstanding principal amount of the debentures and in the fair value of the hedging transaction are attributed to the corresponding changes in the exchange rates during the reported periods (see Note 12D). The Series G Debentures’ indenture includes customary financial and other terms and conditions, including a negative pledge and financial covenants. As of December 31, 2021, the Company was in compliance with all of the financial covenants under the indenture. Composition by repayment schedule as of December 31, 2021: <div style="margin-left:60pt;margin-bottom:12pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:40%;vertical-align:middle">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Interest Rate </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2022 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2023 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:40%;vertical-align:bottom"> Series G Debentures </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;vertical-align:bottom"> 2.79 </td> <td style="width:1%;vertical-align:bottom">%</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 42,996 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 21,495 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 64,491 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:40%;vertical-align:bottom"> Accretion of carrying amount to principal amount </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (409 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:40%;vertical-align:bottom"> Carrying amount </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 64,082 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div>

115000000

0.0279

201000000

334000000

64000000

104000000

13000000

17000000

Composition by repayment schedule as of December 31, 2021: <div style="margin-left:60pt;margin-bottom:12pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:40%;vertical-align:middle">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Interest Rate </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2022 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2023 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:40%;vertical-align:bottom"> Series G Debentures </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;vertical-align:bottom"> 2.79 </td> <td style="width:1%;vertical-align:bottom">%</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 42,996 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 21,495 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 64,491 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:40%;vertical-align:bottom"> Accretion of carrying amount to principal amount </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (409 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:40%;vertical-align:bottom"> Carrying amount </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 64,082 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div>

0.0279

42996000

21495000

64491000

409000

64082000

NOTE 11: OTHER LONG-TERM DEBT A.Composition As of December 31, 2021 and 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid rgb(0, 0, 0);vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid rgb(0, 0, 0);vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Long-term JPY loan - principal amount - see Notes 11B and 11C below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 95,572 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 106,719 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Capital leases and other long-term liabilities - see Note 11D below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 141,073 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 162,171 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Operating leases - see Note 11E below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 14,113 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 18,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Less - current maturities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (41,324 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (65,658 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 209,434 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 222,222 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> B.Repayment Schedule of Long-term JPY Loan As of December 31, 2021: <div style="margin-left:80pt"> <div> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;text-align:left;color:#000000;width:100%"> <tr> <td style="vertical-align:bottom;padding-bottom:2px;font-weight:normal"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Details</div> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px" valign="bottom"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center;font-weight:normal"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Interest</div> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Rate</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2022</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2023</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2024</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2025</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2026</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2027</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">Total</div> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;white-space:nowrap" valign="bottom"> </td> </tr> <tr> <td style="vertical-align:middle;width:20%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> <div style="text-align:justify;line-height:1.25">Long-term JPY loan</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">1.95</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> <div style="line-height:1.25">%</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">--</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">--</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">13,654</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">95,572</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> </tr> </table> </div> </div> <div style="margin-left:80pt"> </div> C.Long-term JPY Loan <div> In December 2021, TPSCo refinanced its then existing loan with an 11 billion JPY (approximately $96,000) new asset-based loan with a consortium of financial institutions consisted of (i) JA Mitsui Leasing, Ltd., (ii) Mitsubishi HC Capital Inc., (iii) Taishin International Bank Co., Ltd. Tokyo Branch; and (iv) BOT lease Co. Ltd. (“JP Loan”). The JP Loan carries a fixed interest rate of 1.95% per annum with principal payable in seven semiannual payments from December 2024 until December 2027. The JP Loan is secured mainly by a lien over the machinery and equipment of TPSCo located in the Uozu and Tonami manufacturing facilities. Outstanding principal amount was $95,572 as of December 31, 2021. </div> The JP Loan also contains certain financial ratios and covenants, as well as customary definitions of events of default and acceleration of the repayment schedule. TPSCo’s obligations pursuant to the JP Loan are not guaranteed by Tower, NTCJ, or any of their affiliates. As of December 31, 2021, TPSCo was in compliance with all of the financial ratios and covenants under the JP Loan. D.Capital Lease Agreements and other Long-term Liabilities Certain of the Company’s subsidiaries enter into capital lease agreements from time to time for certain machinery and equipment, usually for a period of four years, with an option to buy the machinery and equipment after a period of between three to four years from the start of the lease period. The lease agreements contain annual interest rates of approximately 2% and the assets under the lease agreements are pledged to the lender until the time at which the respective subsidiary acquires the assets. The obligations under the capital lease agreements are guaranteed by Tower, except for TPSCo’s obligations under its capital lease agreements. TPSCo leases its fabrication facility buildings in Japan from NTCJ under a long-term capital lease that was renewed in 2020 for continuation of the lease until at least March 2032. <div/> <div> As of December 31, 2021 and 2020, the Company’s total outstanding capital lease liabilities for fixed assets were $139,037 and $159,650, respectively, of which $36,282 and $34,863 respectively, were included under current maturities of long-term debt. </div> The following presents the maturity of capital lease and other long-term liabilities as of December 31, 2021: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:87%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fiscal Year </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amount ($) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2022 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 39,167 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2023 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 29,086 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2024 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 30,391 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2025 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15,599 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2026 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,604 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2027 and on </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 29,422 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 149,269 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> Less - imputed interest </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (8,196 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 141,073 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> E.Operating Lease Agreements <div> The Company enters into operating leases from time to time for office space, operating facilities and vehicles. Operating lease cost for the years ended December 31, 2021, 2020 and 2019 was $7,535, $7,627 and $8,045, respectively. During 2021, cash paid for operating lease liabilities was $7,069. </div> The following presents the composition of operating leases in the balance sheets: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:36%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Classification in the Consolidated Balance Sheets </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Right of use - assets under operating leases </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Deferred tax and other long-term assets, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,113 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 18,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Lease liabilities: </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Current operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Current maturities of long-term debt </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,512 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 6,550 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Long-term operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Long-term debt </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 9,601 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 12,440 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Total operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,113 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 18,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Weighted average remaining lease term (years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 4.8 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 5.1 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Weighted average discount rate </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1.94 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1.94 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> </table> </div> <div style="margin-top:12pt"/> The following presents the maturity presentation of operating lease liabilities as of December 31, 2021: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:87%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fiscal Year </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;border-bottom:1.5pt solid black"> Amount ($) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2022 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,532 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2023 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,711 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2024 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,227 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2025 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,202 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2026 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,222 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> Thereafter </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 671 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 14,565 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> Less – imputed interest </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (452 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,113 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> F.Wells Fargo Credit Line TSNB entered into an agreement with Wells Fargo Capital Finance, part of Wells Fargo & Company (“Wells Fargo”), for a secured asset-based revolving credit line in the total amount of up to $70,000, maturing in 2023 (the “TSNB Credit Line Agreement”). The applicable interest on loans under the TSNB Credit Line Agreement is at a rate equal to, at lender’s option, either the lender’s prime rate plus a margin ranging from 0.0% to 0.5% or the LIBOR rate plus a margin ranging from 1.25% to 1.75% per annum. The outstanding borrowing availability varies from time to time based on the levels of TSNB’s eligible accounts receivable, eligible equipment, eligible inventories and other terms and conditions described in the TSNB Credit Line Agreement. The obligations of TSNB under the TSNB Credit Line Agreement are secured by a continuing security interest in, and a lien upon, TSNB’s assets as set forth in the TSNB Credit Line Agreement. The TSNB Credit Line Agreement contains customary covenants and other terms, including customary events of default. TSNB’s obligations pursuant to the TSNB Credit Line Agreement are not guaranteed by Tower or any of its affiliates. As of December 31, 2021, TSNB was in compliance with all of the covenants under the TSNB Credit Line Agreement. As of December 31, 2021, borrowing availability under the TSNB Credit Line Agreement was approximately $56,000, of which approximately $500 was utilized through letters of credit. As of December 31, 2021, and 2020, no loan amounts were outstanding under the TSNB Credit Line Agreement.

95572000

106719000

141073000

162171000

14113000

18990000

41324000 65658000

209434000

222222000

B.Repayment Schedule of Long-term JPY Loan As of December 31, 2021: <div style="margin-left:80pt"> <div> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;text-align:left;color:#000000;width:100%"> <tr> <td style="vertical-align:bottom;padding-bottom:2px;font-weight:normal"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Details</div> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px" valign="bottom"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center;font-weight:normal"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Interest</div> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif">Rate</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2022</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2023</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2024</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2025</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2026</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">2027</div> </td> <td colspan="1" style="text-align:center;vertical-align:bottom;padding-bottom:2px;font-weight:normal;white-space:nowrap"> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;text-align:center;font-weight:normal"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid rgb(0, 0, 0);text-align:center"> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif;font-weight:normal">Total</div> </td> <td colspan="1" style="vertical-align:bottom;padding-bottom:2px;white-space:nowrap" valign="bottom"> </td> </tr> <tr> <td style="vertical-align:middle;width:20%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> <div style="text-align:justify;line-height:1.25">Long-term JPY loan</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">1.95</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> <div style="line-height:1.25">%</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">--</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">--</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">13,654</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">27,306</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255)" valign="bottom"> </td> <td colspan="1" style="vertical-align:bottom;width:1%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">$</div> </td> <td colspan="1" style="vertical-align:bottom;text-align:right;width:7%;border-bottom:4px double rgb(0, 0, 0);background-color:rgb(204, 238, 255)" valign="bottom"> <div style="line-height:1.25">95,572</div> </td> <td colspan="1" style="vertical-align:bottom;width:1%;padding-bottom:4px;background-color:rgb(204, 238, 255);white-space:nowrap" valign="bottom"> </td> </tr> </table> </div> </div> <div style="margin-left:80pt"> </div>

1.95

13654000

27306000

95572000

11000000000

96000000

0.0195

95572000

0.02

139037000

159650000

36282000

34863000

The following presents the maturity of capital lease and other long-term liabilities as of December 31, 2021: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:87%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fiscal Year </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amount ($) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2022 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 39,167 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2023 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 29,086 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2024 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 30,391 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2025 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15,599 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> 2026 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,604 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> 2027 and on </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 29,422 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 149,269 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> Less - imputed interest </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (8,196 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 141,073 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

39167000

29086000

30391000

15599000

5604000

29422000

149269000

8196000

141073000

7535000

7627000

8045000

7069000

The following presents the composition of operating leases in the balance sheets: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:36%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Classification in the Consolidated Balance Sheets </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Right of use - assets under operating leases </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Deferred tax and other long-term assets, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,113 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 18,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Lease liabilities: </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Current operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Current maturities of long-term debt </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,512 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 6,550 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Long-term operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> Long-term debt </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 9,601 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 12,440 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Total operating lease liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,113 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 18,990 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:36%;vertical-align:bottom"> Weighted average remaining lease term (years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 4.8 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 5.1 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:36%;vertical-align:bottom"> Weighted average discount rate </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:37%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1.94 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1.94 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> </table> </div>

14113000

18990000

4512000

6550000

9601000

12440000

14113000

18990000

P4Y9M18D

P5Y1M6D

0.0194

4532000

2711000

2227000

2202000

2222000

671000

14565000

452000

14113000

70000000

0.000

0.005

0.0125

0.0175

56000000

500000

NOTE 12: FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS The Company makes certain disclosures as detailed below with regard to financial instruments, including derivatives. These disclosures include, among other matters, the nature and terms of derivative transactions, information about significant concentrations of credit risk and the fair value of financial assets and liabilities. A. Non-Designated Exchange Rate Transactions As the functional currency of Tower is the USD and part of Tower’s expenses are denominated in NIS, Tower enters into exchange rate agreements from time to time to partially protect against the volatility of future cash flows caused by changes in foreign exchange rates on NIS-denominated expenses. As of December 31, 2021, the fair value amounts of such exchange rate agreements were $2,134 in an asset position, presented in other current assets with a face value of $67,500. As of December 31, 2020, the fair value amounts of such exchange rate agreements were $5,143 in an asset position, presented in other current assets with a face value of $51,000. Changes in the fair values of such derivatives are presented in the statements of operations. As the functional currency of the Company is the USD and part of TPSCo revenues and expenses are denominated in JPY, the Company enters into exchange rate agreements from time to time to protect against the volatility of future cash flows caused by changes in foreign exchange rates on JPY-denominated amounts. As of December 31, 2021, and 2020, the fair value amounts of such exchange rate agreements were $3,040 in a liability position and $150 in an asset position, respectively, presented in other current liabilities and other current assets, respectively, with a face value of $164,000 and $40,000, respectively. Changes in the fair value of such derivatives are presented in the statements of operations. B.Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, marketable securities, derivatives, trade receivables and government and other receivables. The Company's cash, deposits, marketable securities and derivatives are maintained with large and reputable banks and investment banks. The composition and maturities of investments are regularly monitored by the Company. Generally, these securities may be redeemed upon demand and bear minimal risk. The Company generally does not require collateral for insurance of receivables; However, in certain circumstances, the Company obtains credit insurance or may require advance payments. An allowance for current expected credit losses is maintained with respect to trade accounts receivables and marketable securities. The Company performs ongoing credit evaluations of its customers. <div/> C.Fair Value of Financial Instruments The estimated fair values of the Company’s financial instruments, excluding debentures, do not materially differ from their respective carrying amounts as of December 31, 2021 and 2020. The fair value of debentures, based on quoted market prices as of December 31, 2021 and 2020, was approximately $66,000 and $107,000, respectively, compared to carrying amounts of approximately $64,000 and $102,000, for the above dates, respectively. D.Designated Cash Flow Hedge Transactions The Company entered into designated cash flow hedging transactions using a cross-currency swap to mitigate the foreign exchange rate differences on principal and interest arising from the Series G Debentures’ denomination in NIS. As of December 31, 2021, the fair value of the swap was $12,560 in an asset net position, of which $8,188 was presented in other current assets and $4,372 was presented in long-term assets. As of December 31, 2020, the fair value of the swap was $16,977 in an asset net position, of which $6,316 was presented in other current assets and $10,661 was presented in long-term assets. As of December 31, 2021 and December 31, 2020, the effective portions of $27 income and $323 loss, respectively, were recorded in OCI, of which a loss of $56 is expected to be recorded in earnings during the twelve months ending December 31, 2022. For the years ended December 31, 2021 and December 31, 2020, the hedging effect of the swap on the Company’s results of operations was income of $542 and $5,252, respectively, and was recognized as financing income, to offset the effect of the rate difference related to the Series G Debentures. E.Fair Value Measurements Valuation Techniques In general, and where applicable, the Company uses quoted prices in active markets for identical assets or liabilities to determine fair value. This pricing methodology applies to the Company’s Level 1 assets and liabilities. If quoted prices in active markets for identical assets and liabilities are not available to determine fair value, the Company uses quoted prices for similar assets and liabilities or inputs other than the quoted prices that are observable, either directly or indirectly. This pricing methodology applies to the Company’s Level 2 and Level 3 assets and liabilities. <div/> Level 1 Measurements Securities classified as available-for-sale are reported at fair value on a recurring basis. These securities are classified as Level 1 of the valuation hierarchy where quoted market prices from reputable third-party brokers are available in an active market. Changes in fair value of securities available-for-sale are recorded in other comprehensive income. Level 2 Measurements If quoted market prices are not available, the Company obtains fair value measurements of similar assets and liabilities from an independent pricing service. These securities are reported using Level 2 inputs and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. For cross-currency swap measured under Level 2, the Company uses the market approach using quotations from banks and other public information. Level 3 Measurements Investments in equity securities of privately-held companies without readily determinable fair values are measured using the Measurement Alternatives (see Note 2I). The Company reviews these investments for impairment and observable price changes on a quarterly basis and adjusts the carrying value accordingly. For the year ended December 31, 2021, the Company recorded a decrease of $2,963 in the value of such investments, and for the year ended December 31, 2020, the Company recorded an increase of $358 in the value of such investments, presented in other income (expense), net in the statements of operations. Recurring fair value measurements using the indicated inputs: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Quoted prices in active market for identical liability (Level 1) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant other observable inputs (Level 2) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant unobservable inputs (Level 3) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Cross-currency swap - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:11%;vertical-align:bottom"> 12,560 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 12,560 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:11%;vertical-align:bottom"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom;text-align:right">--</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Marketable securities held for sale </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:11%;vertical-align:bottom"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Foreign exchange forward and cylinders - net liability position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:11%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> (906 </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> (906 </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="width:1%;vertical-align:baseline"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:11%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0)"> 216,877 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 11,654 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,155 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-top:11pt"/> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Quoted prices in active market for identical liability (Level 1) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant other observable inputs (Level 2) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant unobservable inputs (Level 3) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Cross-currency swap - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,977 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,977 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Marketable securities held for sale </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Foreign exchange forward and cylinders - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,293 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,293 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 228,183 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 22,270 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 17,727 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> F.Short-Term and Long-Term Deposits and Marketable Securities Deposits and marketable securities as of December 31, 2021 included short-term deposits in the amount of $363,648, marketable securities with applicable accrued interest in the amount of $190,068 and a long-term bank deposit in the amount of $12,500; as of December 31, 2020, deposits and marketable securities included short-term deposits in the amount of $310,230, marketable securities with applicable accrued interest in the amount of $188,967 and a long-term bank deposit in the amount of $12,500. The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2021: <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:36%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Amortized Cost (*) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Gross unrealized gains </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Gross unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 161,491 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 1,453 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (1,311 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 161,633 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Government bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 27,332 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 1 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (399 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 26,934 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)">Municipal bonds</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 472 </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">--</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">--</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 472 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Certificate of deposit </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 248 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> -- </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 253 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,543 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 1,459 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> (1,710 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,292 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div> * Excluding accrued interest of $776. The scheduled maturities of available-for-sale marketable securities as of December 31, 2021, were as follows: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Amortized Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due within one year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,547 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,637 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Due within 2-5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 127,576 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 126,510 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due after 5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 39,420 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 40,145 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:68%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,543 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,292 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div/> The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amortized cost (*) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Gross unrealized gains </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Gross unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 154,577 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 1,207 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (735 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 155,049 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Government bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 32,894 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 37 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (53 </td> <td style="width:1%;vertical-align:bottom">)</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 32,878 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Certificate of deposit </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 248 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 259 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 187,719 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1,255 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (788 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> * Excluding accrued interest of $781. The scheduled maturities of available-for-sale marketable securities as of December 31, 2020, were as follows: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amortized Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due within one year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,772 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,800 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Due within 2-5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 138,894 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 139,210 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due after 5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 26,053 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 26,176 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 187,719 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> Investments with continuous unrealized losses for less than twelve months and twelve months or more and their related fair values as of December 31, 2021 and December 31, 2020, were as indicated in the following tables: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="22" style="width:76%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investment with continuous unrealized losses for less than twelve months </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investments with continuous unrealized losses for twelve months or more </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total investments with continuous unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:22%;vertical-align:bottom"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 87,495 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (1,129 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,182 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (182 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 98,677 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (1,311 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Government bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 13,117 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (164 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 10,725 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (235 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 23,842 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (399 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:22%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 100,612 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (1,293 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 21,907 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (417 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 122,519 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (1,710 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> </table> </div> <div/> <div style="margin-left:80pt;margin-top:11pt;margin-bottom:11pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="22" style="width:76%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investment with continuous unrealized losses for less than twelve months </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investments with continuous unrealized losses for twelve months or more </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total investments with continuous unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:22%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 24,699 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (700 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 9,434 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (35 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 34,133 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (735 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:22%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Government bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 12,430 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (50 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 1,497 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (3 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 13,927 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (53 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:22%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> Total </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 37,129 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (750 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 10,931 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (38 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 48,060 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (788 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> </tr> </table> </div>

2134000

67500000

5143000

51000000

3040000

150000

164000000

40000000

66000000

107000000

64000000

102000000

12560000 8188000 4372000 16977000 6316000 10661000

27000

323000

-56000

542000

5252000

2963000

358000

Recurring fair value measurements using the indicated inputs: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom">Details</td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Quoted prices in active market for identical liability (Level 1) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant other observable inputs (Level 2) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant unobservable inputs (Level 3) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Cross-currency swap - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:11%;vertical-align:bottom"> 12,560 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 12,560 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:11%;vertical-align:bottom"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom;text-align:right">--</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15,155 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Marketable securities held for sale </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:11%;vertical-align:bottom"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Foreign exchange forward and cylinders - net liability position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:11%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> (906 </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> (906 </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="width:1%;vertical-align:baseline"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:11%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0)"> 216,877 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 190,068 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 11,654 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,155 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-top:11pt"/> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Quoted prices in active market for identical liability (Level 1) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant other observable inputs (Level 2) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Significant unobservable inputs (Level 3) </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Cross-currency swap - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,977 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,977 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Privately held companies </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 17,727 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Marketable securities held for sale </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Foreign exchange forward and cylinders - net asset position </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,293 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 5,293 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 228,183 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 22,270 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 17,727 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

12560000 0 12560000 0 15155000 0 0 15155000

190068000

906000

216877000

190068000

11654000

15155000

16977000 0 16977000 0 17727000 0 0 17727000

188186000

5293000

228183000

188186000

22270000

17727000

363648000

190068000

12500000

310230000

188967000

12500000 The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2021: <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:36%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Amortized Cost (*) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Gross unrealized gains </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Gross unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 161,491 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 1,453 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (1,311 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 161,633 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Government bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 27,332 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 1 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (399 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 26,934 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)">Municipal bonds</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 472 </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">--</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">--</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 472 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Certificate of deposit </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 248 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> -- </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 253 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:48%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,543 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 1,459 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> (1,710 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255);border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,292 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div> * Excluding accrued interest of $776. The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:48%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amortized cost (*) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Gross unrealized gains </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Gross unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 154,577 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 1,207 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (735 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 155,049 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> Government bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 32,894 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 37 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (53 </td> <td style="width:1%;vertical-align:bottom">)</td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 32,878 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:48%;vertical-align:bottom"> Certificate of deposit </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 248 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 259 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:48%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 187,719 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1,255 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (788 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> * Excluding accrued interest of $781.

161491000

1453000

1311000

161633000

27332000

1000

399000

26934000

472000

248000

5000

253000

189543000

1459000

1710000

189292000

776000

The scheduled maturities of available-for-sale marketable securities as of December 31, 2021, were as follows: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Amortized Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid black"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due within one year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,547 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,637 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Due within 2-5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 127,576 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 126,510 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due after 5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 39,420 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 40,145 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:68%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,543 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> $ </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> 189,292 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> The scheduled maturities of available-for-sale marketable securities as of December 31, 2020, were as follows: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Amortized Cost </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Estimated fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due within one year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,772 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 22,800 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Due within 2-5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 138,894 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 139,210 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Due after 5 years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 26,053 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 26,176 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 187,719 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 188,186 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

22547000

22637000

127576000

126510000

39420000

40145000

189543000

189292000

154577000

1207000

735000

155049000

32894000

37000

53000

32878000

248000

11000

259000

187719000

1255000

788000

188186000

781000

22772000

22800000

138894000

139210000

26053000

26176000

187719000

188186000

Investments with continuous unrealized losses for less than twelve months and twelve months or more and their related fair values as of December 31, 2021 and December 31, 2020, were as indicated in the following tables: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="22" style="width:76%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investment with continuous unrealized losses for less than twelve months </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investments with continuous unrealized losses for twelve months or more </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total investments with continuous unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:22%;vertical-align:bottom"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 87,495 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (1,129 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,182 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (182 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 98,677 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (1,311 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Government bonds </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 13,117 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (164 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 10,725 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (235 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 23,842 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (399 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:22%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 100,612 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (1,293 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 21,907 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (417 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> 122,519 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);border-top:1.5pt solid black"> (1,710 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> </table> </div> <div/> <div style="margin-left:80pt;margin-top:11pt;margin-bottom:11pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="22" style="width:76%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investment with continuous unrealized losses for less than twelve months </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Investments with continuous unrealized losses for twelve months or more </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:24%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Total investments with continuous unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:22%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrealized losses </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:22%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Corporate bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 24,699 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (700 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 9,434 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (35 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> 34,133 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (735 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:22%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Government bonds </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 12,430 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (50 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 1,497 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (3 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> 13,927 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> (53 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:22%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> Total </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 37,129 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (750 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 10,931 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (38 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> 48,060 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> $ </td> <td style="width:10%;vertical-align:baseline;text-align:right;background-color:rgb(204, 238, 255);border-bottom:2.5pt double black;border-top:1.5pt solid black"> (788 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> ) </td> </tr> </table> </div>

87495000

1129000

11182000

182000

98677000

1311000

13117000

164000

10725000

235000

23842000

399000

100612000

1293000

21907000

417000

122519000

1710000

24699000

700000

9434000

35000

34133000

735000

12430000

50000

1497000

3000

13927000

53000

37129000

750000

10931000

38000

48060000

788000

<div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0px;margin-bottom:0pt">NOTE 13: EMPLOYEE RELATED LIABILITIES</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:60pt;margin-bottom:0pt">A.Employee Termination Benefits</div> <div style="margin:0pt"> </div> <div style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:80pt;text-align:justify">Israeli law, labor agreements and corporate policy determine the obligations of Tower to make severance payments to dismissed Israeli employees and to Israeli employees leaving employment under certain circumstances. Generally, the liability for severance pay benefits, as determined by Israeli law, is based upon length of service and the employee’s monthly salary. This liability is primarily covered by regular deposits made each month by Tower into recognized severance and pension funds and by insurance policies maintained by Tower, based on the employee’s salary for the relevant month. The amounts so funded and the liability are included in the balance sheets in long-term investments and employee related liabilities in the amounts of $8,273 and $10,724, respectively, as of December 31, 2021.</div> <div style="margin:0pt"> </div> <div> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify;margin-left:80pt">Commencing January 1, 2005, Tower implemented a labor agreement with regard to most of its Israeli employees, according to which monthly deposits into recognized severance and pension funds or insurance policies will release it from any additional severance obligation in excess of the balance in such accounts to such Israeli employees and, therefore, Tower incurs no liability or asset with respect to such severance obligations and deposits, since that date. Any net severance amount as of such date will be released on the employee’s termination date. Payments relating to Israeli employee termination benefits were $5,941, $5,254 and $5,597 for 2021, 2020 and 2019, respectively.</div> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify;margin-left:80pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify;margin-left:80pt"> TPSCo established a Defined Contribution Retirement Plan (the “DC Plan”) for its employees through which TPSCo contributes approximately 8% for 2021 and 9% for 2020 with employees’ average match of 1% of the employees’ base salary to the DC Plan. Such contribution releases the employer from further obligation to make any additional payments upon termination of employment. The contribution is remitted either to third party benefit funds based on employee preference, or directly, to those employees who elected not to enroll in the DC Plan. Total payments under the DC Plan in 2021, 2020 and 2019 amounted to $5,331, $6,132 and $6,572, respectively. </div> </div> <div/> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:60pt;margin-bottom:0pt">B.TSNB Employee Benefit Plans</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:0pt">The following information provides the changes in 2021, 2020 and 2019 periodic expenses and benefit obligations due to the bargaining agreement signed between TSNB and its collective bargaining unit employees.</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:11pt">Post-Retirement Medical Plan</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:0px;padding-left:80pt;margin-bottom:11pt">The components of the net periodic benefit cost and other amounts recognized in other comprehensive income for post-retirement medical plan expense are as follows as of December 31, 2021, 2020 and 2019:</div> <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net periodic benefit cost:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Service cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">5</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">6</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">7</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">52</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">57</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">72</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(179</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(241</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(298</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total net periodic benefit cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(122</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(178</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(219</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Other changes in plan assets and benefits obligations recognized in other comprehensive income:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Prior service cost for the period</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net loss (gain) for the period</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(23</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">146</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net gain (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">179</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">241</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">298</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total recognized in other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">156</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">387</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">297</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Total recognized in net periodic benefit cost and other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">34</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">209</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">78</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.80</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.40</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expected return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Assumed health care cost trend rates:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for current year (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/(5.00)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.90%/13.10</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for current year (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/6.10</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.90%/7.90</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Year the ultimate rate is reached (pre-65/post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Measurement date</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2021</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2020</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2019</div> </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div> <div/> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:11pt">The components of the change in benefit obligation, change in plan assets and funded status for post-retirement medical plan are as follows as of years ended December 31, 2021, 2020 and 2019:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in medical plan related benefit obligation:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Medical plan related benefit obligation at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,882</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,689</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,628</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Service cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">5</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">6</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">7</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">52</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">57</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">72</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(4</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(17</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in medical plan provisions</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actuarial loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(23</div> </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="vertical-align:baseline"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">146</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt"> </div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit medical plan related obligation end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,912</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,882</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,689</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan assets:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Employer contribution</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">4</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">16</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">16</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(4</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Medical plan related net funding</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,912</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,882</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,689</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> </table> </div> <div/> As of December 31, 2021, 2020 and 2019: <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0px;width:100%" width="100%"> <tr> <td style="width:58%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:12%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amounts recognized in statement of financial position:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Current liabilities</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(48</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(62</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current liabilities</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,864</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,820</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,639</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net amount recognized</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,912</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,882</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,689</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.00</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.80</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.40</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:center;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Assumed health care cost trend rates:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for next year (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">5.80%/8.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/(5.00)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for next year (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">5.80%/6.20</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/6.10</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.40%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.40%/4.40</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Year the ultimate rate is reached (pre-65/ post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2031/2031</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:100%;vertical-align:bottom;text-align:center;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:11pt">The following benefit payments are expected to be paid in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:85%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fiscal Year</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:13%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Other Benefits</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2022</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">48</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2023</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">55</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2024</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">65</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2025</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">71</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2026</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">74</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:87%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2027-2031</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">439</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:0px">Description of Significant Gains and Losses in Obligations:</div> <div style="margin-top:10px;margin-left:104px;margin-bottom:11px;text-indent:0.3pt;font-size:10pt;font-family:Times New Roman, Times, serif">For fiscal year ended December 31, 2021, the benefit obligation experienced a net actuarial gain that was primarily attributable to the discount rate increase to 3.00%, compared to 2.80% in the prior year. For fiscal year ended December 31, 2020, the benefit obligation experienced a net actuarial loss that was primarily attributable to the discount rate decrease to 2.80%, compared to 3.40% in the prior year.</div> <div/> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:0pt">TSNB Pension Plan</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:11pt">TSNB has a pension plan that provides for monthly pension payments to eligible employees upon retirement. The pension benefits are based on years of service and specified benefit amounts. TSNB uses a December 31 measurement date each year. TSNB’s funding policy is to make contributions that satisfy at least the minimum required contribution for IRS qualified plans.</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:0px;padding-left:80pt;margin-bottom:11pt">The components of the change in benefit obligation, the change in plan assets and funded status for TSNB’s pension plan for the years ended December 31, 2021, 2020 and 2019 are as follows:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black"> </td> <td colspan="2" style="width:155px;vertical-align:bottom;border-bottom:1.5pt solid black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;border-bottom:1.5pt solid black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;border-bottom:1.5pt solid black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net periodic benefit cost:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:155px;vertical-align:bottom"> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">575</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">687</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">817</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expected return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(788</div> </td> <td style="width:13px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(909</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(930</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expected administrative expenses</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">100</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">100</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">100</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">27</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">27</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total net periodic benefit cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:141px;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(83</div> </td> <td style="width:13px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(92</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(10</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Other changes in plan assets and benefits obligations recognized in other comprehensive income:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom;text-align:right"> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Prior service cost for the period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">--</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net loss (gain) for the period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(1,038</div> </td> <td style="width:13px;vertical-align:bottom">)</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">149</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">1,158</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(3</div> </td> <td style="width:13px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(3</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(3</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net gain (loss)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(27</div> </td> <td style="width:1%;vertical-align:bottom">)</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(27</div> </td> <td style="width:1%;vertical-align:bottom">)</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total recognized in other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:141px;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(1,068</div> </td> <td style="width:13px;vertical-align:middle">)</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">119</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-top:1.5pt solid black;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">1,155</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Total recognized in net periodic benefit cost and other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:141px;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">(1,151</div> </td> <td style="width:13px;vertical-align:baseline">)</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">27</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double black"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">1,145</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom;text-align:right"> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.50</div> </td> <td style="width:13px;vertical-align:bottom"> %</td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.20</div> </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.40</div> </td> <td style="width:1%;vertical-align:bottom">%</td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expected return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.10</div> </td> <td style="width:13px;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.80</div> </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.20</div> </td> <td style="width:1%;vertical-align:bottom">%</td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:141px;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:13px;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> <div/> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:10px;padding-left:80pt;margin-bottom:11pt">The components of the change in benefit obligation, change in plan assets and funded status for TSNB’s pension plan for the years ended December 31, 2021, 2020 and 2019 are as follows:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in benefit obligation:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit obligation at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">23,467</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">21,908</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">18,979</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">575</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">687</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">817</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(778</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(736</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(688</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan provisions</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actuarial loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,183</div> </td> <td style="width:1%;vertical-align:baseline"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,608</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,800</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit obligation end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">22,081</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">23,467</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">21,908</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan assets:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">24,454</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">22,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actual return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">616</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,337</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,544</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Employer contribution</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expenses paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(73</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(69</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(71</div> </td> <td style="width:1%;vertical-align:bottom">)</td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(778</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(737</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(688</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">24,454</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Funded Status</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amounts recognized in statement of financial position:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current liabilities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net amount recognized</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.90</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.20</div> </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:11pt">The following benefit payments are expected to be paid in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:84%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fiscal Year</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:13%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Other Benefits</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2022</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">939</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2023</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,029</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2024</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,105</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2025</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,161</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2026</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,197</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:86%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">2027-2031</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">6,249</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div/> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:0pt">Description of Significant Gains and Losses in Obligations:</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:0pt">For fiscal year ended December 31, 2021, the benefit obligation experienced a net actuarial gain that was primarily attributable to the discount rate increase to 2.90%, compared to 2.50% in the prior year. For fiscal year ended December 31, 2020, the benefit obligation experienced a net actuarial loss that was primarily attributable to the discount rate decrease to 2.50%, compared to 3.20% in the prior year. </div> <div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:11pt">The plan’s assets measured at fair value on a recurring basis consisted of the following as of December 31, 2021:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom;border-bottom:1.5pt solid black"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 1</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 2</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Investments in commingled funds</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total plan assets at fair value</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:11pt">The plan’s assets measured at fair value on a recurring basis consisted of the following as of December 31, 2020:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom;border-bottom:1.5pt solid black"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 1</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 2</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Investments in mutual funds</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total plan assets at fair value</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> </tr> </table> </div> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:0pt">TSNB’s pension plan weighted average asset allocations on December 31, 2021, by asset category are as follows:</div> <div style="margin:0pt"> </div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Asset Category</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">December 31, 2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Target</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">allocation</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2022</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Equity securities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">10</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">10</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Debt securities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">90</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">90</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">100</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">100</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:0pt"> TSNB’s primary policy goals regarding the plan’s assets are to (1) provide liquidity to meet the Plan benefit payments and expenses payable from the Plan, (2) offer a reasonable probability of achieving a growth of assets that will assist in closing the Plan’s funding gap, and (3) manage the Plan’s assets in a liability framework. Plan assets are currently invested in commingled funds with various debt and equity investment objectives. The target asset allocation for the plan assets is 90% debt, or fixed income securities, and 10% equity securities. Individual funds are evaluated periodically based on comparisons to benchmark indices and peer group funds and investment decisions are made by TSNB in accordance with the policy goals. Actual allocation to each asset category fluctuates and may not be within the target allocation specified above due to changes in market conditions. The estimated expected return on assets of the plan is based on assumptions derived from, among other things, the historical return on assets of the plan, the current and expected investment allocation of assets held by the plan and the current and expected future rates of return in the debt and equity markets for investments held by the plan. The obligations under the plan could differ from the obligation currently recorded, if management's estimates are not consistent with actual investment performance. </div>

8273000 10724000

5941000

5254000

5597000

0.08

0.09

0.01

5331000

6132000

6572000

<div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:0px;padding-left:80pt;margin-bottom:11pt">The components of the net periodic benefit cost and other amounts recognized in other comprehensive income for post-retirement medical plan expense are as follows as of December 31, 2021, 2020 and 2019:</div> <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net periodic benefit cost:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Service cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">5</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">6</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">7</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">52</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">57</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">72</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(179</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(241</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(298</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total net periodic benefit cost</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(122</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(178</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(219</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Other changes in plan assets and benefits obligations recognized in other comprehensive income:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Prior service cost for the period</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net loss (gain) for the period</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(23</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">146</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of prior service costs</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amortization of net gain (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">179</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">241</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">298</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total recognized in other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">156</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">387</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">297</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Total recognized in net periodic benefit cost and other comprehensive income (loss)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">34</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">209</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">78</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt"> </div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.80</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.40</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expected return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Assumed health care cost trend rates:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for current year (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/(5.00)</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.90%/13.10</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for current year (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/6.10</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.90%/7.90</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)">%</td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Year the ultimate rate is reached (pre-65/post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;text-align:right;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Measurement date</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2021</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2020</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt">December 31, 2019</div> </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div>

5000

6000

7000

52000

57000

72000

179000

241000

298000

-122000

-178000

-219000

23000

-146000

1000

0 0 0 179000 241000 298000

156000

387000

297000

34000

209000

78000

0.0280

0.0340

0.0450

0.0600 0.0650 0.0620 -0.0500 0.0690 0.1310 0.0600 0.0650 0.0620 0.0610 0.0690 0.0790 0.0450 0.0450 0.0450 0.0450 0.0450 0.0450 2029 2029 2029 2029 2029 2029 2021-12-31 2020-12-31 2019-12-31

<div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:11pt;padding-left:80pt;margin-bottom:11pt">The components of the change in benefit obligation, change in plan assets and funded status for post-retirement medical plan are as follows as of years ended December 31, 2021, 2020 and 2019:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in medical plan related benefit obligation:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Medical plan related benefit obligation at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,882</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,689</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,628</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Service cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">5</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">6</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">7</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">52</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">57</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">72</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(4</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(17</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in medical plan provisions</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actuarial loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(23</div> </td> <td style="width:1%;vertical-align:baseline">)</td> <td style="vertical-align:baseline"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">146</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt"> </div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit medical plan related obligation end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,912</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,882</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,689</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan assets:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Employer contribution</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">4</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">16</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">16</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(4</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(16</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Medical plan related net funding</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,912</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,882</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,689</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> </table> </div> <div/> As of December 31, 2021, 2020 and 2019: <div style="margin-left:80pt"> <table border="0" cellpadding="0" style="border-spacing:0px;width:100%" width="100%"> <tr> <td style="width:58%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:12%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amounts recognized in statement of financial position:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Current liabilities</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(48</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(62</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current liabilities</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,864</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,820</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,639</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net amount recognized</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,912</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,882</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:baseline;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,689</div> </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:2pt">)</div> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.00</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.80</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.40</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:center;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Assumed health care cost trend rates:</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for next year (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">5.80%/8.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/(5.00)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;text-indent:-8pt;padding-left:8pt;margin-bottom:0pt">Health care cost trend rate assumed for next year (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">5.80%/6.20</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.00%/6.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">6.20%/6.10</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65 Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.40%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)">%</td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Ultimate rate (pre-65/post-65 Non-Medicare Advantage)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.40%/4.40</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right">%</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">4.50%/4.50</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">%</td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Year the ultimate rate is reached (pre-65/ post-65)</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2031/2031</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:right"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2029/2029</div> </td> <td style="width:100%;vertical-align:bottom;text-align:center;background-color:rgb(204, 238, 255)"> </td> </tr> </table> </div>

1882000

1689000

1628000

5000

6000

7000

52000

57000

72000

4000

16000

17000

-23000

146000

-1000

1912000

1882000

1689000

4000

16000

4000

16000

-1912000

-1882000

-1689000

48000

62000

50000

1864000

1820000

1639000

-1912000

-1882000

-1689000

0.0300

0.0280

0.0340

0.0580

0.0850

0.0600

0.0650

0.0620

-0.0500

0.0580

0.0620

0.0600

0.0650

0.0620

0.0610

0.0440

0.0450

0.0440

0.0450

2031

2029

48000

55000

65000

71000

74000

439000

0.0300 0.0280 0.0280 0.0340

575000

687000

817000

788000

909000

930000

100000

-3000

-27000

-83000

-92000

-10000

1038000

-149000

-1158000

-3000 -3000 -3000 -27000 -27000 0

-1068000

119000

1155000

-1151000

27000

1145000

0.0250

0.0320

0.0440

0.0310

0.0380

0.0420

<div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:justify;margin-top:10px;padding-left:80pt;margin-bottom:11pt">The components of the change in benefit obligation, change in plan assets and funded status for TSNB’s pension plan for the years ended December 31, 2021, 2020 and 2019 are as follows:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2020</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2019</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in benefit obligation:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit obligation at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">23,467</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">21,908</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">18,979</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Interest cost</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">575</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">687</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">817</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(778</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(736</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(688</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan provisions</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actuarial loss (gain)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:baseline;border-bottom:1.5pt solid rgb(0, 0, 0)"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(1,183</div> </td> <td style="width:1%;vertical-align:baseline"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">1,608</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,800</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefit obligation end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">22,081</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">23,467</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">21,908</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Change in plan assets:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at beginning of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">24,454</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">22,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Actual return on plan assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">616</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,337</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,544</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Employer contribution</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Expenses paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(73</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(69</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(71</div> </td> <td style="width:1%;vertical-align:bottom">)</td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Benefits paid</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(778</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(737</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">(688</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt;margin-bottom:1.5pt">)</div> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Fair value of plan assets at end of period</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">24,454</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Funded Status</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Amounts recognized in statement of financial position:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current assets</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Non-current liabilities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Net amount recognized</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">3,669</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,518</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">2,546</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Weighted average assumptions used:</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Discount rate</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.90</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">2.50</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> % </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">3.20</div> </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Rate of compensation increases</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:1%;vertical-align:bottom;text-align:right"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;margin-top:0pt;margin-bottom:0pt;text-align:right">N/A</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

23467000

21908000

18979000

575000

687000

817000

778000

736000

688000

-1183000

1608000

2800000

22081000

23467000

21908000

25985000

24454000

22669000

616000

2337000

2544000

-73000 -69000 -71000

778000

737000

688000

25750000

25985000

24454000

3669000

2518000

2546000

3669000

2518000

2546000

3669000

2518000

2546000

0.0290

0.0250

0.0320

939000

1029000

1105000

1161000

1197000

6249000

0.0290 0.0250 0.0250 0.0320

<div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:11pt">The plan’s assets measured at fair value on a recurring basis consisted of the following as of December 31, 2021:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom;border-bottom:1.5pt solid black"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 1</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 2</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Investments in commingled funds</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total plan assets at fair value</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,750</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:11pt">The plan’s assets measured at fair value on a recurring basis consisted of the following as of December 31, 2020:</div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom;border-bottom:1.5pt solid black"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 1</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 2</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Level 3</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Investments in mutual funds</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total plan assets at fair value</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">25,985</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">$</div> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">--</div> </td> </tr> </table> </div> </div>

25750000

25985000

<div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:11pt;text-indent:80pt;margin-bottom:0pt">TSNB’s pension plan weighted average asset allocations on December 31, 2021, by asset category are as follows:</div> <div style="margin:0pt"> </div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Asset Category</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">December 31, 2021</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">Target</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">allocation</div> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:center;margin-top:0pt;margin-bottom:0pt">2022</div> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Equity securities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">10</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">10</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Debt securities</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">90</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">90</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">Total</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">100</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:right;margin-top:0pt;margin-bottom:0pt">100</div> </td> <td style="width:1%;vertical-align:bottom"> <div style="font-family:Times New Roman, Times, serif;font-size:10pt;text-align:left;margin-top:0pt;margin-bottom:0pt">%</div> </td> </tr> </table> </div>

0.10

0.90

NOTE 14: COMMITMENTS AND CONTINGENCIES A.Liens (1)Loans, Bonds and Capital Leases For liens relating to the TSNB Credit Line Agreement, see Note 11F. For liens under TPSCo’s JP Loan, see Note 11C. For liens under the capital lease agreements, see Note 11D. For negative pledge under the Series G Debentures’ indenture, see Note 10. (2)Approved Enterprise Program Floating liens are registered in favor of the State of Israel on substantially all of Tower’s assets under the Investment Center’s approved enterprise status program. B.Renewed Contract in Relation to TPSCo In March 2019, agreements were signed between Tower, TPSCo and PSCS (a fully owned subsidiary of Panasonic Corporation) to extend the business relationship by an additional three-year period under certain amended terms, including a manufacturing agreement between TPSCo and PSCS, under which TPSCo manufactured products for PSCS under a revised pricing structure. Following the purchase of NTCJ (previously named PSCS) by Nuvoton from Panasonic Corporation in September 2020, NTCJ assumed the contracts at the same commercial terms, and leases three manufacturing facilities in Japan to TPSCo under a buildings lease that runs through March 2032 (see Note 11D). As part of the agreement between the Company, NTCJ and TPSCo, it has been decided to re-organize and re-structure operations in Japan such that, while operations at the Uozu and Tonami facilities will remain unchanged, the Arai manufacturing factory, which is currently manufacturing products solely for NTCJ and is not serving the Company’s customers, will cease operations effective July 1, 2022. The Company evaluated the need for impairment charges and determined that no such charges are required as of December 31, 2021. All other restructuring related costs will be reported as incurred in 2022. C.License Agreements The Company enters into intellectual property and licensing agreements with third parties from time to time. The effect of each of them on the Company’s total assets and results of operations is immaterial. Certain of these agreements call for royalties to be paid by the Company to these third parties. D.TSNB Lease Agreement TSNB leases its fabrication facilities under an operational lease contract that is due to expire in 2027. In amendments to its lease, (i) TSNB secured various contractual safeguards designed to limit and mitigate any adverse impact of construction activities on its fabrication operations; and (ii) certain obligations of TSNB and the landlord are specified, including certain noise abatement actions at the fabrication facility. The landlord has made claims that TSNB’s noise abatement efforts are not adequate under the terms of the amended lease, and has requested a judicial declaration that TSNB has committed material non-curable breaches of the lease and that, in accordance with the lease, the landlord would be entitled to terminate the lease. TSNB does not agree and is disputing these claims. E.IT Security System Event In September 2020, the Company’s information technology (“IT”) security systems identified a security event on some of its computerized systems. As a preventive measure, the Company halted certain of its servers and proactively stopped operations in some of its manufacturing facilities for a few days, following which it commenced to gradually restore operations and return to full capability in all its facilities. <div/> Due to the immediate procedures implemented, the functionality and quality of the work in progress, as well as customer and employee data, remained protected. Tower maintains a cyber insurance policy and received compensation for the damage resulted from the event, including cost reimbursement and business interruption compensation. The event had no material impact on the financial position of the Company. F.Definitive Agreement with ST Microelectronics In 2021, TSIT, Tower’s wholly-owned Italian subsidiary, entered into a definitive agreement with ST to share under collaborative arrangement a 300 mm manufacturing fabrication facility in Agrate Italy. The fab is currently under construction by ST, and the parties will share the cleanroom space and the facility infrastructure, with the Company installing its own equipment in one-third of the total space. Both companies will invest in their respective process equipment, and work together to accelerate the fab qualification and subsequent ramp-up. Operations will continue to be managed by ST. In the early stage, technology processes for power, analog mixed signal and RF processes are planned to be qualified in the factory and the products in these technologies may be used in automotive, industrial and personal electronics. G.Other Agreements From time to time, in the ordinary course of business, the Company enters into long-term agreements with various entities for the joint development of products IPs and processes. The developed IPs may be owned separately by either the other entity or the Company, or owned jointly by both parties, as applicable.

<div> NOTE 15: SHAREHOLDERS’ EQUITY A.Description of Ordinary Shares <div> As of December 31, 2021, Tower had 150 million authorized ordinary shares, par value NIS 15.00 each, of which approximately 109 million were outstanding. Holders of ordinary shares are entitled to participate equally in the payment of cash dividends and bonus share (stock dividend) distributions and, in the event of the liquidation of Tower, in the distribution of assets after satisfaction of liabilities to creditors. Each ordinary share is entitled to one vote on all matters to be voted on by shareholders. </div> <div/> B.Equity Incentive Plans (1)Tower’s 2013 Share Incentive Plan (the "2013 Plan") In 2013, the Company adopted a share incentive plan for directors, officers and employees of the Company, which in 2019 was extended to enable grants to third party service providers (“2013 Plan”). Options granted under the 2013 Plan bear an exercise price equal to the average closing price during the thirty trading days immediately prior to the date of grant, vest over up to a three-year period and are not exercisable beyond seven years from the grant date. Under the 2013 Plan, the Company granted, in 2021 and 2020, a total of 1.0 million restricted stock units (“RSUs”) and 1.1 million RSUs, respectively, to its employees and directors (including the below-described grants to the CEO and Chairman), with vesting over up to a three-year period. The Company measures compensation expenses of the RSUs based on the closing market price of the ordinary shares immediately prior to the date of grant and amortizes it over the applicable vesting period taking into consideration compliance with performance criteria, if any. <div> <div> <div style="line-height:1.25;padding-left:80pt;text-align:justify">During 2021, the Company's CEO and members of the Board of Directors were awarded the following RSUs under the Company’s 2013 Plan:</div> <div style="line-height:1.25"> </div> <div style="line-height:1.25"> <div style="line-height:1.25;padding-left:80pt;text-align:justify">(i) 80 thousand time-vested RSUs and 132 thousand performance RSUs (“PSUs”) subject also to time-vesting, consisting of 120 thousand base PSUs and 12 thousand upside PSUs to the CEO, with 33% of such RSUs and PSUs to vest at the end of each year for 3 years following the grant date. Total compensation value of the RSUs granted was approximately $6,000. In addition, the Company's CEO was awarded 31 thousand PSUs that would be vesting upon attainment of certain performance conditions and not before one year from the date of grant, with a compensation value of approximately $1,000. As was approved by shareholders in 2019, the grant also includes a provision requiring the CEO to own, commencing May 2024, ordinary shares of the Company at a minimum value that equals at least three times his annual base salary as of May 2024 (the “Minimum Holding”). The CEO has until May 2024 to accumulate the Minimum Holding (whether by conversion of RSUs to ordinary shares or by purchase of ordinary shares), and during such period, until he accumulates the Minimum Holding, he must retain at least 20% of the vested time-based RSUs granted to him in or after May 2019; </div> <div style="line-height:1.25"> <div> <div style="line-height:1.25;padding-left:80pt;text-align:justify">(ii) 10.3 thousand time-vested RSUs to the chairman of the Board of Directors (“the Chairman”) for a total compensation value of $300, to vest 33% at the end of each year following the grant date; and</div> <div style="line-height:1.25"> </div> <div style="line-height:1.25;padding-left:80pt;text-align:justify">(iii) 4.3 thousand time-vested RSUs to each of the seven members of the Board of Directors then serving (other than to the Chairman and the CEO), for an aggregate compensation value of approximately $900, vesting over a two-year period, with 50% vesting at the first anniversary of the date of grant and 50% on the second anniversary of the date of grant.</div> <div style="line-height:1.25"> </div> </div> <div> <div style="line-height:1.25;padding-left:80pt;text-align:justify">As was approved by shareholders in 2020, the Chairman and the members of the Board will have to own, commencing July 2025, ordinary shares of the Company at a minimum value that equals at least 50% of their annual cash compensation (the “BOD Minimum Holding”).</div> </div> <div> <div style="line-height:1.25"> </div> <div style="line-height:1.25;padding-left:80pt;text-align:justify">The Chairman and the members of the Board have until July 2025 to accumulate the BOD Minimum Holding (whether by conversion of RSUs to ordinary shares or by purchase of ordinary shares), and during such period, until they accumulate the BOD Minimum Holding, they must retain at least 20% of the vested time-based RSUs granted to them in or after July 2020.</div> </div> </div> </div> </div> </div> <div/> <div> <div style="padding-left:80pt;text-align:justify"> During 2020, the Company's CEO and members of the Board of Directors were awarded the following RSUs under the 2013 Plan: (i) 109 thousand time-vested RSUs and 163 thousand PSUs to the CEO (subject also to time-vesting, under which 33% of the RSUs and PSUs will vest at the end of each year for 3 years following the grant date), with a compensation value of approximately $5,000; (ii) 16 thousand time vested RSUs to the Chairman for a total compensation value of $300, to vest 33% at the end of each year following the grant date; and (iii) 5 thousand time vested RSUs to each of the nine members of the Board of Directors serving then (other than to the Chairman and the CEO), for an aggregate compensation value of $900, vesting over a two-year period, with 50% vesting at the first anniversary of the date of grant and 50% on the second anniversary of the date of grant. </div> </div> During 2019, the Company's CEO and members of the Board of Directors were awarded the following RSUs under the 2013 Plan: (i) 129 thousand time-vested RSUs and 129 thousand PSUs to the CEO subject also to time-vesting; which will both vest 33% at the end of each year following the grant date, for a compensation value of $3,900; (ii) 20 thousand time-vested RSUs to the Chairman for a total compensation value of $300, to vest 33% at the end of each year following the grant date; and (iii) 5 thousand time-vested RSUs to each of the 8 members of the Board of Directors serving then (other than to the Chairman and the CEO), for an aggregate compensation value of $600, vesting over a two-year period, with 50% vesting at the first anniversary of the date of grant and 50% on the second anniversary of the date of grant. Under the compensation plan of the Company, and as approved by the Company’s shareholders in September 2013, the awards to the CEO shall be accelerated upon the occurrence of a change of control event (as defined therein), subject to termination of his employment (or resignation due to diminution of responsibilities, as defined therein). With respect to the members of the Board of Directors, including the Chairman, in the event of termination, such as termination due to a change of control event, each Director who served less than 5 years on the Board of Directors would be entitled to acceleration of 50% of his/her unvested equity and each Director who served 5 years or more on the Board of Directors would be entitled to acceleration of all of his/her unvested equity. <div> Further grants may be approved subject to Compensation Committee, Board of Directors and shareholders’ approval, as may be required by law. </div> (2)i. Share Options awards: <div style="margin-left:103pt;margin-bottom:11pt"> <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:28%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of beginning of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 508,493 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 9.58 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Granted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom;text-align:right"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom;text-align:right"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Exercised </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (30,247 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 15.12 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (308,479 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 8.14 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (163,375 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 11.28 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Terminated </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (667 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 9.90 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (667 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 9.90 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Forfeited </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,500 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> 4.42 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,000 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> 4.42 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Outstanding as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.50pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.50pt double black"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Options exercisable as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> ii. RSUs awards: <div style="margin-left:103pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0px;margin:auto;width:100%"> <tr> <td style="width:28%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of beginning of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 2,223,043 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 2,013,613 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.13 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,599,296 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 22.27 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Granted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,002,275 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 29.91 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,105,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 19.86 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,159,881 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 18.06 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Converted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (929,466 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 19.56 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (806,993 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 20.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (484,665 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 23.91 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Forfeited </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (84,752 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 20.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (88,732 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 18.62 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (260,899 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 21.19 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,211,100 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 24.11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,223,043 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,013,613 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.13 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> <div/> (3)Summary of Information about Employees’ Share Incentive Plans The following table summarizes information about employees’ share options outstanding as of December 31, 2021: <div style="margin-left:103pt"> <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td colspan="14" style="width:66%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Outstanding </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:31%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Exercisable </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Range of exercise prices </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number outstanding </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average remaining contractual life (in years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number exercisable </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:13%;vertical-align:bottom"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 0.27 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:13%;vertical-align:bottom"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:103pt;margin-top:11pt"> <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details for the year ended December 31 </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> The intrinsic value of options exercised </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 504 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,429 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 1,824 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> The original fair value of options exercised </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 188 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 1,018 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 665 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:103pt;margin-top:11pt"> <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details for the year ended December 31 </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> The intrinsic value of converted RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 27,807 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 15,971 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 8,207 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> The original fair value of converted RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 18,183 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,506 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,588 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> Stock-based compensation expenses were recognized in the Statement of Operations for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:103pt"> <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Cost of goods </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 7,003 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,197 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,529 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Research and development, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 4,855 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,568 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,900 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Marketing, general and administrative </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 13,286 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 8,223 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 7,119 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Total stock-based compensation expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 25,144 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 16,988 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,548 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table> </div> C.Treasury Stock During 1999 and 1998, the Company funded the purchase by a trustee of an aggregate of approximately 87 thousand Tower’s ordinary shares. These shares are classified as treasury shares. D.Dividend Restriction Tower is subject to certain limitations on dividend distribution under the Series G Debentures indenture that allows for distribution of dividends subject to satisfying certain financial ratios. </div>

150000000

109000000

1000000.0

1100000

P3Y

80000

132000

120000

0.33

6000000

31000

1000000

10300

300000

0.33

4300

900000

P2Y

0.50

109000

163000

0.33

5000000

16000

300000

0.33

5000

900000

P2Y

0.50

129000

0.33

3900000

20000

300000

0.33

5000

600000

P2Y

0.50

P5Y 0.50

<table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:28%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of share options </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of beginning of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 508,493 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 9.58 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Granted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom;text-align:right"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom;text-align:right"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Exercised </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (30,247 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 15.12 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (308,479 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 8.14 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (163,375 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 11.28 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Terminated </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (667 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 9.90 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (667 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 9.90 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Forfeited </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,500 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> 4.42 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,000 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid black"> 4.42 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Outstanding as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.50pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.50pt double black"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black">$</td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Options exercisable as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 32,805 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 15.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 343,451 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double black"> $ </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double black"> 8.79 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table>

32805

15.28

343451

8.79

508493

9.58

30247

15.12

308479

8.14

163375

11.28

667

9.90

667

9.90

1500

4.42

1000

4.42

2558

17.16

32805

15.28

343451

8.79

2558

17.16

32805

15.28

343451

8.79

<table cellpadding="0" style="border-spacing:0px;margin:auto;width:100%"> <tr> <td style="width:28%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:22%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number of RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:10%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average fair value </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of beginning of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 2,223,043 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 2,013,613 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.13 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,599,296 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 22.27 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Granted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,002,275 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 29.91 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,105,155 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 19.86 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> 1,159,881 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 18.06 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Converted </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (929,466 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 19.56 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (806,993 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 20.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:9%;vertical-align:bottom"> (484,665 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 23.91 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:28%;vertical-align:bottom"> Forfeited </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (84,752 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 20.28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (88,732 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 18.62 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (260,899 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom">$</td> <td style="width:9%;vertical-align:bottom"> 21.19 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:28%;vertical-align:bottom"> Outstanding as of end of year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,211,100 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 24.11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,223,043 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.45 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:9%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,013,613 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:9%;vertical-align:bottom"> 19.13 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table>

2223043

19.45

2013613

19.13

1599296

22.27

1002275

29.91

1105155

19.86

1159881

18.06

929466 19.56 806993 20.45 484665 23.91

84752

20.28

88732

18.62

260899

21.19

2211100

24.11

2223043

19.45

2013613

19.13

<table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td colspan="14" style="width:66%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Outstanding </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="6" style="width:31%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Exercisable </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Range of exercise prices </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number outstanding </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average remaining contractual life (in years) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:14%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Number exercisable </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Weighted average exercise price </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:13%;vertical-align:bottom"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 0.27 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:13%;vertical-align:bottom"> 2,558 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 17.16 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table>

17.16

2558

P0Y3M7D

17.16

2558

17.16

504000

4429000

1824000

188000 1018000 665000 <table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details for the year ended December 31 </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> The intrinsic value of converted RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 27,807 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 15,971 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 8,207 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> The original fair value of converted RSUs </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 18,183 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 16,506 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 11,588 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table>

27807000

15971000

8207000

18183000 16506000 11588000

<table cellpadding="0" style="border-spacing:0px;width:100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Cost of goods </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 7,003 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 5,197 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 4,529 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Research and development, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 4,855 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,568 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 2,900 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Marketing, general and administrative </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 13,286 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 8,223 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 7,119 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Total stock-based compensation expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 25,144 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 16,988 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 14,548 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> </table>

7003000

5197000

4529000

4855000

3568000

2900000

13286000

8223000

7119000

25144000

16988000

14548000

87000

NOTE 16: INFORMATION ON GEOGRAPHIC AREAS AND MAJOR CUSTOMERS <div> A.Revenues by Geographic Area - as Percentage of Total Revenue Years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> USA </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 41 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 44 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 52 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Japan </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 22 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 29 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Asia (other than Japan) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 30 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 22 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Europe </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 7 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 6 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 4 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> </table> </div> </div> The basis of attributing revenues from external customers to geographic area is based on the headquarters location of the customer issuing the purchase order; actual delivery may be shipped to another geographic area per customer request. B.Long-Lived Assets by Geographic Area <div> Substantially all of Tower’s long-lived assets are located in Israel, substantially all of TSNB’s and TSSA’s long-lived assets are located in the United States and substantially all of TPSCo’s long-lived assets are located in Japan. As of December 31, 2021 and 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Israel </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 238,758 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 215,006 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> United States </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 264,038 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 234,902 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Japan </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 373,887 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 389,263 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 876,683 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 839,171 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div> C.Major Customers - as Percentage of Net Accounts Receivable Balance As of December 31, 2021, one customer exceeded 10% of the net accounts receivable balance and represented 14% of such balance. As of December 31, 2020, two customers exceeded 10% of the net accounts receivable balance and represented 13% and 12% of such balance. <div/> <div> D.Major Customers - as Percentage of Total Revenue Years ended December 31, 2021, 2020 and 2019: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Customer A </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 21 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 25 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 27 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Customer B </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 13 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 7 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Other customers * </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 20 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 24 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 26 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:80pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:3%;vertical-align:top"> * </td> <td style="width:97%;vertical-align:bottom"> Represents aggregated revenue to four customers that accounted for between 4% and 7% of total revenue during 2021, to four customers that accounted for between 5% and 7% of total revenue during 2020, and to four customers that accounted for between 5% and 9% of total revenue during 2019. </td> </tr> </table> </div> </div> </div>

<div> A.Revenues by Geographic Area - as Percentage of Total Revenue Years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> USA </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 41 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 44 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 52 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Japan </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 22 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 28 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 29 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Asia (other than Japan) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 30 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 22 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 15 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Europe </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 7 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 6 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 4 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Total </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 100 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> </table> </div> </div>

0.41

0.44

0.52

0.22

0.28

0.29

0.30

0.22

0.15

0.07

0.06

0.04

<div> Substantially all of Tower’s long-lived assets are located in Israel, substantially all of TSNB’s and TSSA’s long-lived assets are located in the United States and substantially all of TPSCo’s long-lived assets are located in Japan. As of December 31, 2021 and 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Israel </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 238,758 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 215,006 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> United States </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 264,038 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 234,902 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Japan </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 373,887 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 389,263 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 876,683 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 839,171 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div>

238758000

215006000

264038000

234902000

373887000

389263000

876683000

839171000

0.14

0.13

0.12

<div> D.Major Customers - as Percentage of Total Revenue Years ended December 31, 2021, 2020 and 2019: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Customer A </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 21 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 25 </td> <td style="width:1%;vertical-align:bottom"> % </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 27 </td> <td style="width:1%;vertical-align:bottom"> % </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Customer B </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 13 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 11 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 7 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Other customers * </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 20 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 24 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 26 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:80pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:3%;vertical-align:top"> * </td> <td style="width:97%;vertical-align:bottom"> Represents aggregated revenue to four customers that accounted for between 4% and 7% of total revenue during 2021, to four customers that accounted for between 5% and 7% of total revenue during 2020, and to four customers that accounted for between 5% and 9% of total revenue during 2019. </td> </tr> </table> </div> </div> </div>

0.21

0.25

0.27

0.13

0.11

0.07

0.20

0.24

0.26

0.04

0.07

0.05

0.07

0.05

0.09

NOTE 17: FINANCING INCOME (EXPENSE), NET <div> Financing income (expense), net consists of the following for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:60pt;margin-bottom:11pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Interest expense </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (7,312 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (6,755 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (6,823 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Interest income </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5,368 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 8,484 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 12,949 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Series G Debentures amortization, related rate differences and hedging results </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (1,773 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (3,045 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (3,299 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Exchange rate differences and related hedging results </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (7,092 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5,509 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (1,271 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Bank fees and others </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (2,064 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (1,323 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (1,544 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> (12,873 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255);margin-top:0pt">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,870 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 12 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> </div>

<div> Financing income (expense), net consists of the following for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:60pt;margin-bottom:11pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Interest expense </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (7,312 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (6,755 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (6,823 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Interest income </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5,368 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 8,484 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 12,949 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Series G Debentures amortization, related rate differences and hedging results </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (1,773 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (3,045 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> (3,299 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Exchange rate differences and related hedging results </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (7,092 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 5,509 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> (1,271 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> ) </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Bank fees and others </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (2,064 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (1,323 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (1,544 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> (12,873 </td> <td style="width:1%;vertical-align:baseline;background-color:rgb(255, 255, 255);margin-top:0pt">)</td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,870 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 12 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> </div>

7312000

6755000

6823000

5368000

8484000

12949000

1773000

3045000

3299000

7092000

-5509000

1271000

2064000 1323000 1544000 -12873000 2870000 12000

NOTE 18: RELATED PARTIES BALANCES AND TRANSACTIONS A.Balance The nature of the relationship involved as of December 31, 2021 and 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:30%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:43%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:30%;vertical-align:bottom"> Long-term investment </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:43%;vertical-align:bottom"> Equity investment in a limited partnership </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 57 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 57 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> B.Transactions Description of the transactions for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:30%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom;border-bottom:1.5pt solid black"> Description of the transactions </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:30%;vertical-align:bottom"> General and administrative expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom"> Directors’ fees and reimbursement to directors </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 771 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 787 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 783 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:30%;vertical-align:bottom"> Other income (expense), net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom"> Non-controlling interest income (loss) from a limited partnership </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 2 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (55 </td> <td style="width:100%;vertical-align:bottom">)</td> </tr> </table> </div>

A.Balance The nature of the relationship involved as of December 31, 2021 and 2020: <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:30%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:43%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:30%;vertical-align:bottom"> Long-term investment </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:43%;vertical-align:bottom"> Equity investment in a limited partnership </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 57 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 57 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> B.Transactions Description of the transactions for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:30%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom;border-bottom:1.5pt solid black"> Description of the transactions </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:30%;vertical-align:bottom"> General and administrative expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom"> Directors’ fees and reimbursement to directors </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 771 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 787 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 783 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:30%;vertical-align:bottom"> Other income (expense), net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:30%;vertical-align:bottom"> Non-controlling interest income (loss) from a limited partnership </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> -- </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 2 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (55 </td> <td style="width:100%;vertical-align:bottom">)</td> </tr> </table> </div>

57000

771000

787000

783000

0 2000 -55000

<div> NOTE 19: INCOME TAXES A.Tower Statutory Income Rates Substantially all of Tower’s existing facilities and other capital investments made through 2012 have been granted approved enterprise status, as provided by the Law for the Encouragement of Capital Investment in Israel (“Investments Law”). Tower, as an Israeli industrial company located in Migdal Ha’emek, may elect the Preferred Enterprise regime to apply to it under the Investment Law. The election is irrevocable. Under the Preferred Enterprise regime, Tower’s entire preferred income is subject to the tax rate of 7.5%. Any portion of Tower’s Israeli taxable income that is not eligible for Preferred Enterprise benefits, if at all, shall be taxed at the regular corporate tax rate of 23%. B.Income Tax Provision The Company's provision for income taxes is affected by income taxes in a multinational tax environment. The income tax provision is an estimate determined based on current enacted tax laws and tax rates at each of its geographic locations, with the use of acceptable allocation methodologies based upon the Company’s organizational structure, operations and business mode of work, and result in applicable local taxable income attributable to those locations. <div> The Company’s income tax provision is consisted of the following for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt;margin-bottom:10pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Current tax expense: </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Foreign </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 13,504 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">$</td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,232 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">$</td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 1,013 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Deferred tax expense (benefit): </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Local </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,518 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 8,481 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 7,098 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Foreign </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (14,998 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (5,314 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (5,163 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Income tax expense: </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 1,024 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 5,399 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,948 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> </div> <div style="margin-left:80pt;margin-top:10pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Profit (loss) before taxes: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Domestic </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 166,273 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 100,145 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 103,432 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Foreign </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,174 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,457 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (12,411 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Total profit before taxes </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 155,099 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 88,688 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 91,021 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div> <div/> </div> <div> C. Components of Deferred Tax Asset/Liability The following is a summary of the components of the deferred tax assets and liabilities reflected in the balance sheets as of the respective dates (*), as of December 31, 2021 and 2020: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Deferred tax asset and liability - long-term: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax assets: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Net operating loss carryforward </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 77,586 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 72,658 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Employees benefits and compensation </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,366 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 6,813 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Accruals and reserves </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 7,863 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,312 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Research and development </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 20,633 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 18,179 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Others </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 3,737 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 3,453 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 115,185 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 104,415 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Valuation allowance, see Note 19F below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,644 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (10,745 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax assets </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 103,541 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 93,670 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Deferred tax liabilities - long-term: </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Depreciation and amortization </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (72,678 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (76,136 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Others </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,114 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,018 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (73,792 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (77,154 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Presented in long term deferred tax assets </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 53,526 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 57,802 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Presented in long term deferred tax liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (23,777 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (41,286 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> </table> </div> (*) Deferred tax assets and liabilities relating to Tower for the years 2021 and 2020 are computed based on the Israeli Preferred Enterprise tax rate of 7.5%. </div> </div> D.Unrecognized Tax Benefit <div> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: <div> <div style="margin-left:80pt;margin-bottom:10pt"> <div> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 15,314 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 624 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (8,175 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 7,763 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div/> <div style="margin-left:80pt;margin-top:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 15,113 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 624 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (423 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,314 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:80pt;margin-top:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 14,783 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 778 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (448 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,113 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div> </div> E.Effective Income Tax <div> <div> The reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2021, 2020 and 2019: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Tax expense computed at statutory rates, see (*) below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 35,673 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 20,398 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 20,935 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Effect of different tax rates in different jurisdictions and Preferred Enterprise Benefit </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (24,683 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (15,046 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (16,396 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Change in valuation allowance, see Note 19F below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 899 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,479 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 1,432 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Permanent differences and other, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (10,865 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (3,432 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (3,023 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Income tax expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1,024 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 5,399 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,948 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> (*) The tax expense was computed based on regular Israeli corporate tax rate of 23%. </div> </div> F.Net Operating Loss Carryforward </div> <div> As of December 31, 2021, Tower had net operating loss carryforward for tax purposes of approximately $800,000 which may be carried forward indefinitely. The future utilization of Tower US Holdings’ federal net operating loss carryforward to offset future federal taxable income is subject to an annual limitation as a result of ownership changes that have occurred. Additional limitations could apply if ownership changes occur in the future. </div> <div/> TSNB had two “change in ownership” events that limit the utilization of net operating loss carryforward. The first “change in ownership” event occurred in February 2007 upon Jazz Technologies’ acquisition of TSNB. The second “change in ownership” event occurred in September 2008, upon Tower’s acquisition of TSNB. TSNB concluded that the net operating loss limitation for the change in ownership which occurred in September 2008 will be an annual utilization of approximately $2,000 in its tax return. <div> As of December 31, 2021, Tower US Holdings has federal net operating loss carryforward of approximately $83,000 of which approximately $66,000 does not expire and is subject to a taxable income limitation of 80%, and the remaining federal tax loss carryforward of $17,000 will begin to expire in 2022, unless previously utilized. As of December 31, 2021, Tower US Holdings had California state net operating loss carryforward of approximately $11,000. The state tax loss carryforward will begin to expire in 2029, unless previously utilized. Tower US Holdings recorded a valuation allowance against the deferred tax asset balances for its federal and state net operating loss carryforward. As of December 31, 2021, and 2020, TPSCo had no net operating loss carryforward. </div> G.Final Tax Assessments <div> Tower possesses final tax assessments through the year 1998. In addition, the tax assessments for the years 1999-2016 are deemed final. Tower US Holdings files a consolidated tax return including TSNB and TSSA. Tower US Holdings and its subsidiaries are subject to U.S. federal income tax as well as income tax in multiple states. In general, Tower US Holdings is no longer subject to U.S. federal income tax examinations before 2018 and state and local income tax examinations before 2017. However, to the extent allowed by law, the tax authorities may have the right to examine prior periods where net operating losses were generated and carried forward, and make adjustments up to the amount of the net operating loss carryforward amount. On March 27, 2020, the CARES Act was signed. The CARES Act provided numerous tax provisions and other stimulus measures, including but not limited to temporary changes regarding the prior and future utilization of net operating losses. Under the provisions of the CARES Act, Tower US Holdings received in 2020 a $2,100 income tax refund from carrying back federal net operating losses and a $1,100 refund of its minimum tax credits. TPSCo possesses final tax assessments through the year 2020. </div> </div>

0.075 0.075

<div> The Company’s income tax provision is consisted of the following for the years ended December 31, 2021, 2020 and 2019: <div style="margin-left:80pt;margin-bottom:10pt"> <table border="0" cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Current tax expense: </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td colspan="2" style="width:11%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Foreign </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 13,504 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">$</td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,232 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)">$</td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 1,013 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Deferred tax expense (benefit): </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Local </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 2,518 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 8,481 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:10%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> 7,098 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> <tr style="background-color:rgb(204, 238, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> Foreign </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (14,998 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (5,314 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> (5,163 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(204, 238, 255)"> ) </td> </tr> <tr style="background-color:rgb(255, 255, 255)"> <td style="width:61%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> Income tax expense: </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 1,024 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 5,399 </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> 2,948 </td> <td style="width:100%;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td> </tr> </table> </div> </div>

13504000

2232000

1013000

2518000

8481000

7098000

-14998000

-5314000

-5163000

1024000

5399000

2948000

<div style="margin-left:80pt;margin-top:10pt;margin-bottom:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Profit (loss) before taxes: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Domestic </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 166,273 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 100,145 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 103,432 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Foreign </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,174 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,457 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (12,411 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Total profit before taxes </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 155,099 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 88,688 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 91,021 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div>

166273000

100145000

103432000

-11174000

-11457000

-12411000

155099000

88688000

91021000

<div> C. Components of Deferred Tax Asset/Liability The following is a summary of the components of the deferred tax assets and liabilities reflected in the balance sheets as of the respective dates (*), as of December 31, 2021 and 2020: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:74%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Deferred tax asset and liability - long-term: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax assets: </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Net operating loss carryforward </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 77,586 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 72,658 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Employees benefits and compensation </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 5,366 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 6,813 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Accruals and reserves </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 7,863 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,312 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Research and development </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 20,633 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 18,179 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Others </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 3,737 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> 3,453 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 115,185 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 104,415 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Valuation allowance, see Note 19F below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (11,644 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (10,745 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax assets </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 103,541 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 93,670 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Deferred tax liabilities - long-term: </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Depreciation and amortization </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (72,678 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> (76,136 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Others </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,114 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (1,018 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Deferred tax liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (73,792 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (77,154 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:74%;vertical-align:bottom"> Presented in long term deferred tax assets </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 53,526 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 57,802 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:74%;vertical-align:bottom"> Presented in long term deferred tax liabilities </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (23,777 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> (41,286 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> </table> </div> (*) Deferred tax assets and liabilities relating to Tower for the years 2021 and 2020 are computed based on the Israeli Preferred Enterprise tax rate of 7.5%. </div> </div>

77586000 72658000 5366000 6813000 7863000 3312000

20633000

18179000

3737000 3453000

115185000

104415000

11644000

10745000

103541000

93670000

72678000

76136000

1114000

1018000

73792000

77154000

53526000

57802000

23777000

41286000

0.075

<div> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: <div> <div style="margin-left:80pt;margin-bottom:10pt"> <div> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 15,314 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 624 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (8,175 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 7,763 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div> <div/> <div style="margin-left:80pt;margin-top:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 15,113 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 624 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (423 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,314 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> <div style="margin-left:80pt;margin-top:10pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:83%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:15%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> Unrecognized tax benefits </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Balance as of January 1, 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:14%;vertical-align:bottom"> 14,783 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Additions for tax positions of current year </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:14%;vertical-align:bottom"> 778 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:83%;vertical-align:bottom"> Reduction due to statute of limitation of prior years </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:14%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (448 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr> <td style="width:83%;vertical-align:bottom"> Balance as of December 31, 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:14%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 15,113 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> </div> </div>

15314000

624000

8175000

7763000

15113000

624000

423000

15314000

14783000

778000

448000

15113000

<div> The reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2021, 2020 and 2019: <div> <div style="margin-left:80pt"> <table cellpadding="0" style="border-spacing:0" width="100%"> <tr> <td style="width:61%;vertical-align:bottom"> Details </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2021 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2020 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td colspan="2" style="width:11%;border-bottom:1.5pt solid #000000;vertical-align:bottom"> 2019 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Tax expense computed at statutory rates, see (*) below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 35,673 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 20,398 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> $ </td> <td style="width:10%;vertical-align:bottom"> 20,935 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Effect of different tax rates in different jurisdictions and Preferred Enterprise Benefit </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (24,683 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (15,046 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> (16,396 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Change in valuation allowance, see Note 19F below </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 899 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 3,479 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:10%;vertical-align:bottom"> 1,432 </td> <td style="width:1%;vertical-align:bottom"> </td> </tr> <tr> <td style="width:61%;vertical-align:bottom"> Permanent differences and other, net </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (10,865 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (3,432 </td> <td style="width:1%;vertical-align:bottom"> ) </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> </td> <td style="width:10%;vertical-align:bottom;border-bottom:1.5pt solid #000000"> (3,023 </td> <td style="width:1%;vertical-align:bottom"> ) </td> </tr> <tr style="background-color:#CCEEFF"> <td style="width:61%;vertical-align:bottom"> Income tax expense </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 1,024 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 5,399 </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom"> </td> <td style="width:1%;vertical-align:bottom;border-bottom:2.5pt double #000000"> $ </td> <td style="width:10%;vertical-align:bottom;border-bottom:2.5pt double #000000"> 2,948 </td> <td style="width:100%;vertical-align:bottom"> </td> </tr> </table> </div> (*) The tax expense was computed based on regular Israeli corporate tax rate of 23%. </div> </div>

35673000

20398000

20935000

-24683000

-15046000

-16396000

-899000

-3479000

-1432000

-10865000

-3432000

-3023000

1024000

5399000

2948000

0.23

800000

2000

83000

66000

taxable income limitation of 80%

17000

11000

2100

1100

<div> <div style="text-align:justify;line-height:1.25">NOTE 20: SUBSEQUENT EVENTS</div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:0.3pt;margin-left:78pt;line-height:1.25">On February 15, 2022, Intel Corporation (“Intel”) and Tower announced the signing of a definitive agreement under which Intel will acquire all of Tower’s approximately 109 million outstanding Ordinary Shares for cash consideration of $53 per share. The transaction was approved by the boards of directors of both Intel and Tower and is subject to certain regulatory approvals and customary closing conditions, including the approval of Tower’s shareholders.</div> </div>

109000000

53000

Marketable securities are available-for-sale securities presented at fair value, net of an immaterial allowance for credit losses; the amortized cost of such marketable securities is $189,543 and $187,719 as of December 31, 2021 and December 31, 2020, respectively. Original cost includes ROU assets under capital lease in the amount of $0 and $213,683 as of December 31, 2021 and 2020, respectively. The depreciation expense of such assets amounted to $0 and $13,421 for the years ended December 31, 2021 and 2020, respectively. Excluding accrued interest of $776. Excluding accrued interest of $781. Represents aggregated revenue to XX customer that accounted for 0% and 0% of total revenue during 2021, to four customers that accounted for between 4% and 7% of total revenue during 2020, and to four customers that accounted for between 5% and 9% of total revenue during 2019. Deferred tax assets and liabilities relating to Tower for the years 2021 and 2020 are computed based on the Israeli Preferred Enterprise tax rate of 7.5%. The tax expense was computed based on regular Israeli corporate tax rate of 23%.