Operator: Thank you for joining Silgan Holdings Fourth quarter and full year earnings conference call. Today's call is being recorded. At this time I would like to turn the conference over to Mr. Malcolm Miller, Vice President and Treasurer. Please go ahead Mr. Miller.
Malcolm E. Miller - VP and Treasurer: Thank you. With me on the call this morning I have Tony Allott, President and CEO, Bob Lewis, EVP and CFO, Adam Greenlee, EVP and Chief Operating Officer.
Before we begin the call today I would like to make it clear that certain statements made today on this conference call maybe forward-looking statements. These forward-looking statements are made based upon management's expectations and beliefs concerning future events impacting the Company, and therefore involve a number of uncertainties and risks including but not limited to those described in the Company's Annual Report on Form 10-K for 2009 and other filings with the Securities and Exchange Commission. Therefore the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in the forward-looking statements.
With that let me turn it over to Tony.
Anthony J. Allott - President and CEO: Thank you Malcolm. Greetings everyone from the ice and snow covered northeast. We want to welcome you today to our 2010 yearend earnings conference call.
I am going to start by making a few comments about our achievements during the year. Bob will then review the financial performance in a little more detail and around the quarter and afterwards Bob, Adam and I will be pleased to take any questions.
As you've seen in the press release 2010 was another good year for Silgan as we delivered adjusted earnings per share of $2.19 up from a very robust prior year. In addition 2010 was an investment year for Silgan as we deployed capital towards share repurchases, bond redemptions, capital expenditures, pension contributions, restructuring programs and acquisitions, all providing earnings growth opportunities in 2011 and beyond.
In the face of these strategic moves, our business remained focused on effectively managing costs, improving manufacturing efficiencies and providing top quality customer solutions.
Among the milestone for 2010, we achieved record adjusted earnings per diluted share of $2.19; repurchased 7.1 million shares or approximately 9.2% of shares outstanding; positioned the Company’s metal packaging franchise for expansion in the Central and Eastern European markets through an agreement to acquire Vogel & Noot, a leading supplier of food and general line cans in those markets; expanded the plastic closure business into the dairy market with the acquisition of IPEC; continued to strengthen the balance sheet through the completion of a new $1.4 billion credit facility which provided additional liquidity and extended maturities as well as the redemption of the 6.75% senior subordinated notes that were due in 2013; continued to enhance the cost competitiveness of the business by closing one of our largest plastic container facilities; announcing the closing of a second plastics facility and further reducing the cost structure of the European closures operations for 2011; increased the cash divided by approximately 11% to $0.42 per share and completed a two-for-one stock dividend.