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April 19, 2012 11:30 am ET
Jonathan E. Johnson – President and Corporate Secretary
Stephen J. Chesnut – Senior Vice President, Finance and Risk Management
Dr. Patrick M. Byrne – Chairman, Directors and Chief Executive Officer
Justin T. Ruiss – Sidoti & Company, LLC
Good morning. My name is Misty, and I will be your conference operator today. At this time, I would like to welcome everyone to the Overstock.com quarter one 2012 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. Mr. Jonathan Johnson, President of Overstock.com, you may begin your conference, sir.
Jonathan E. Johnson
Thank you, Misty. Good morning and welcome to our first quarter 2012 earnings conference call. Joining me on the call today are Dr. Patrick Byrne, Chairman and CEO of the company; and Steve Chesnut, Senior Vice President Finance and Risk Management.
To begin, let me remind you that the following discussion and our responses to your questions reflect management’s views as of today, April 19, 2012, and may include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results as included in the press release filed this morning and in the Form 10-K we filed on March 2, 2012.
During the call, we will discuss certain non-GAAP financial measures. The slides accompanying this webcast and our filings with the SEC, each of which are posted on our Investor Relations website, contain additional disclosures regarding these non-GAAP measures, including reconciliations of these measures to the most comparable GAAP measures.