Operator: Ladies and gentlemen, thank you for standing by, and welcome to the Charles River Laboratories’ Fourth Quarter and Full Year 2011 Earnings Call. At this time, all lines are in a listen-only mode. Later, there will be an opportunity for your questions and instructions will be given at that time. As a reminder, this conference is being recorded.
I'll now turn the conference over to Susan Hardy, Corporate Vice President of Investor Relations. Please go ahead.
Susan E. Hardy - Corporate Vice President, IR: Thank you. Good morning, and welcome to Charles River Laboratories’ fourth quarter and full year 2011 conference call and webcast. This morning Jim Foster, Chairman, President and Chief Executive Officer; and Tom Ackerman, Executive Vice President and Chief Financial Officer will comment on our fourth quarter and full year 2011 results and review guidance for 2012. Following the presentation, we will respond to questions.
There is a slide presentation associated with today’s remarks, which is posted on the Investor Relations section of our website at ir.criver.com. A taped replay of this call will be available beginning at noon today and can be accessed by calling 800-475-6701. The international access number is 320-365-3844. The access code in either case is 231980. The replay will be available through February 28. You may also access an archived version of the webcast on our Investor Relations website.
I’d like to remind you of our Safe Harbor. Any remarks that we may make about future expectations, plans and prospects for the Company constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by any forward-looking statements as a result of various important factors, including but not limited, to those discussed in our Annual Report on Form 10-K, which was filed on February 23, 2011, as well as other filings we make with the Securities and Exchange Commission.
During this call, we will be primarily discussing results from continuing operations and non-GAAP financial measures. We believe that these non-GAAP financial measures help investors to gain a meaningful understanding of our core operating results and future prospects, consistent with the manner in which management measures and forecasts the Company’s performance. The non-GAAP financial measures are not meant to be considered superior to or a substitute for results of operations prepared in accordance with GAAP. In accordance with Regulation G, you can find the comparable GAAP measures and reconciliations to those GAAP measures on the Investor Relations section of our website through the financial reconciliations link.
Now, I’ll turn the call over to Jim Foster.
James C. Foster - Chairman, President and CEO: Good morning. I’d like to begin by providing a summary of our fourth quarter results before providing commentary on our business prospects.
We reported sales of $291 million in the fourth quarter of 2011, an increase of 3.3% from the same period in 2010. 53rd week added approximately 4.5% to sales growth, and the benefit from foreign exchange was negligible. PCS business finished the year in line with our expectations.