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coach sale purse million, which was up by about 5% over one year ago. Nine month net footwear sales were $94 million, a decrease of about 12% versus last year, yielding a nine month operating profit of about $23 million, which is 14% less than the comparable nine month period of fiscal 2012. The year to date decrease is primarily the result of the previously mentioned issues.Some additional financial highlights on a consolidated basis include: Cash, cash equivalents and short term investments were nearly $45 million, up from $40 million in a comparable period last year. Net inventories were $17 million, up fractionally compared to one year ago. Net shareholders' equity increased by nearly by $10 million to $85.5 million at the end of the third quarter.Depreciation and amortization through nine months was $2.1 million and we expect it to be approximately $2.8 million for the full year. Nine month cash from operating activities totaled $11 million, primarily reflecting the year to date profitability, timing related to inventories and accounts receivable, and our lower level of accrued expenses.Accrued expenses of about $7 million for the nine months mostly reflected incentives and estimated taxes based upon our expected fiscal 2013 performance and $1.2 million related to the acquisition of the Mosey brand. And finally, we expect our blended tax rate for this year to be approximately 39%.And now, Greg has some additional comments.Thank you, Jose, and good morning. With fiscal 2013 nearly complete, I'd like to spend the next few minutes talking about some of the initiatives that are going to impact our