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Clifton A. Pemble - President, Chief Operating Officer, Director, President of Garmin International Inc, President of Garmin USA Inc and President of Garmin AT Inc
Kevin S. Rauckman - Chief Financial Officer, Principal Accounting Officer, Treasurer, Treasurer of Garmin International Inc, Treasurer of Garmin Usa Inc, Director of Garmin International Inc and Director of Garmin Usa Inc
Mark Sue - RBC Capital Markets, LLC, Research Division
John F. Bright - Avondale Partners, LLC, Research Division
Yair Reiner - Oppenheimer & Co. Inc., Research Division
Scott P. Sutherland - Wedbush Securities Inc., Research Division
Charles L. Anderson - Dougherty & Company LLC, Research Division
Simona Jankowski - Goldman Sachs Group Inc., Research Division
James E. Faucette - Pacific Crest Securities, Inc., Research Division
Jonathan Goldberg - Deutsche Bank AG, Research Division
Richard Valera - Needham & Company, LLC, Research Division
Michael Holt - Morningstar Inc., Research Division
Good day, and welcome, everyone, to the Garmin Ltd. Second Quarter 2012 Earnings Conference Call. Today's call is being recorded. At this time, I'd like to turn the conference over to Kerri Thurston. Please go ahead, ma'am.
Thank you, and good morning, everyone. We'd like to welcome you to Garmin Ltd. Second Quarter 2012 Earnings Call. Please note that a copy of the press release concerning this earnings call is available at Garmin's Investor Relations site on the Internet at www.garmin.com/stock. Additionally, this call is being broadcast live on the Internet. Please note that this webcast does include slides, which can be viewed during this call. An archive of the webcast will be available until October 1, and a transcript to the call will be available on the website under the Events calendar.