Operator: Good morning. My name is Carey, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2011 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question-and-answer session.
I would now like to turn the call over to Ms. Lynn Liddle, Communications and Investor Relations. Thank you. Ms. Liddle, you may begin your conference.
Lynn M. Liddle - EVP, Communications, Legislative Affairs and IR: Thanks, Carrie and welcome everybody. I'll start with a little bit of housekeeping and turn your attention to our Safe Harbor statement contained in our 8-K and our 10-Q this morning in the event that there are any forward-looking remarks in today's conference. I also would ask the media to please be in a listen-only mode as the question and session is primarily set up for our investors and sell-side analysts.
Today, we're going to have some prepared remarks followed by Q&A, and with us on the call we have our President and Chief Executive Officer, Patrick Doyle, as well as our Chief Financial Officer Mike Lawton, and we'll begin this morning with comments from Mike.
Michael Lawton - EVP and CFO: Thanks, Lynn, and good morning, everyone. We continued to drive strong results in the third quarter further proving that our strategy is working, both domestically and internationally. We used our cash to benefit our shareholders through our share repurchase program this quarter and continue to drive shareholder value with 30% adjusted EPS growth.
During the quarter, we announced that we postponed the early refinancing of our existing debt, due to the volatility in the financial markets. As a reminder our debt allows for two extensions of interest only payments until April 2014 if we meet one key financial ratio which we currently exceed. In the mean time, we will continue to monitor the financial markets and provide any appropriate updates. Our commentary regarding any refinancing will be limited only to these introductory remarks.
So, now let's dive into the third quarter results. Our global retail sales which are the total retail sales at franchise and company-owned stores worldwide grew 9.1% during the quarter, excluding the impact of foreign currency. When including the positive currency impact our global retail sales grew at 13.3%.
Looking at the drivers of the global retail sales growth, our domestic same-store sales grew a healthy 3% in the third quarter lapping a very successful quarter in 2010 when we were up 11.7%. This yielded a strong 14.7% two year same-store sales comp for the quarter. Broken down franchisees same-store sales were up 2.9%, while company-owned stores were up 4.2%.
International had another outstanding quarter, as same-store sales grew 8.1% which was lapping an impressive quarter in 2010 when we were up 7%. In the quarter, we closed the net three stores domestically made up of 12 stores openings and 15 closures. Our overall store growth in the quarter was solely generated by our international division which grew by a net 108 stores. Year-to-date, we've opened a net 190 stores worldwide.