Operator: Good day, ladies and gentlemen, and welcome to The St. Joe Company Second Quarter 2013 Earnings Call. At this time, all participants are in a listen-only mode. Later, we’ll conduct a question-and-answer session and instructions will follow at that time. As a reminder, today’s conference maybe recorded.
I would now like to introduce your host for today's conference Park Brady. Please go ahead, sir.
Park Brady - CEO: Hello everyone and welcome to The St. Joe earnings call for the period ending June 30, 2013. This is Park Brady and joining me on the call is Tom Hoyer, our CFO.
Before we get started, Tom will cover the forward looking statement. Tom?
Thomas Hoyer - CFO: Thanks, Park. Some of the information we'll discuss on this call is forward-looking. This information includes statements that are preceded by or include the words believe, expect, intend, anticipate, will, may, could or similar expressions. These forward-looking statements may be affected by the risks and uncertainties in our business, and actual results may differ materially from the forward-looking statements.
Everything we say here today is qualified in its entirety by cautionary statements and risk factors set forth in this afternoon’s press release and our SEC filings, which documents are publicly available. Our statements are as of today, August 7, 2013. We have no obligation to update any forward-looking statements that we may make.
Now I’ll turn it back over to Park for some opening comments after which I’ll review the second quarter results.
Park Brady - CEO: Thanks, Tom. As I did on the last call, I’d like to start with a brief comment that will provide some context to our discussion today. I know that some of you are curious about the recent 8-K announcements that we made regarding our forestry and rural lands.
Let me expand on the motivation behind that announcement.
We've been getting an increasing amount of interest recently in our forestry and rural land similar to the increased interest that we’ve been getting in past year in our residential projects. That interest has raised a couple of possibilities and the initial discussions have been interesting enough to continue exploring those possibilities.
To keep all followers of the company on equal footing, we decided it was best to publicly announce that we were exploring potential transactions for our forestry and rural lands. Please keep in mind that this is all part of our ongoing asset evaluation and long-term corporate strategy development.
We’re still working on both, but making good progress in that regard. Given the diversity of our assets and improvements across the real estate and home building markets we’re carefully and prudently refining the various components of our strategy. We continue to see positive indicators in Florida’s residential real estate market and we remain optimistic about Joe’s future.
Now I’ll turn it back over to Tom for review of our second quarter financials.
Thomas Hoyer - CFO: Thanks, Park. As usual, I’ll make some brief comments about the second quarter before we open it up for your questions.