Operator: Good morning. My name is Jessica, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Q3 Financial Results Earnings 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. Thank you.
Ms. Liddle, you may begin your conference.
Lynn M. Liddle - EVP, Communications, Legislative Affairs and IR: Thank you so much. Welcome everybody as usual we will begin with prepared comments from management followed by an open Q&A. We will ask as always for reporters to kindly be in a listen-only mode as we have fashioned this call primarily for investors. And I will also turn everybody's attention to our Safe Harbor statement that is both in our 8-K and in our 10-Q in the events that any forward-looking statements are made.
With us today we have our Chief Financial Officer and CEO and we will begin first with comments from Mike Lawton our Chief Financial Officer.
Michael Lawton - EVP, CFO: Thank you, Lynn, and good morning, everyone. I'm pleased to report that we once again delivered solid results for our shareholders during the quarter. Our international and domestic divisions posted strong same-store sales growth and our international division opened impressive number of new stores and adjusted EPS grew by 18.6% over the prior year. Overall we are pleased with another quarter of strong results.
I'll start my review of the quarter by looking at our system-wide sales also known as global retail sales which are the total retail sales at franchise and company owned stores worldwide.
Global retail sales grew 7.4%. When we exclude the adverse impact of foreign currency global retail sales grew by 10.2%.
The drivers of this growth included domestic same-store sales which rose 5.4% in the quarter lapping a positive 3.3% in the third quarter of 2012. This was comprised of franchise same-store sales which were up 5.5% and company-owned stores, which were up 4.6%. Although we don't give specifics of order count and ticket for competitive reasons, we did drive strong order count growth again this quarter.
We opened seven net stores domestically in the quarter consisting of 12 store openings and five closures. On a trailing 12-month basis, we have opened a net 43 stores domestically and we continue to expect to see modestly positive domestic store growth for the full year.
Our international division had another solid quarter as same-store sales grew 5.0%, lapping a strong prior year quarter increase of 5%. Our international division grew by 119 stores this quarter made up of 124 store openings and five closures.
Turning to revenues, our total revenues were up $26 million or 6.9% from the prior year. This increase was primarily a result of two factors. First, higher domestic and international royalty revenues due to same-store sales growth and store count growth, and second, higher supply chain revenues resulting mainly from increased volumes from higher order counts, as well as an increase in commodity prices.
Moving on to our operating margin; as a percentage of revenues, our consolidated operating margin for the quarter improved slightly to 29.9% from 29.5% in the prior year quarter. Some of the related activity that occurred during the quarter included the following. A change in our mix of revenues positively impacted our operating margin, as we now have more franchise revenue from royalties, which have no cost to sales.