ACCO Brands (ABD) Q4 2011 Earnings Call February 15, 2012 8:30 am ET Executives Jennifer Rice - Neal V. Fenwick - Chief Financial Officer and Executive Vice President Analysts Arnold Ursaner - CJS Securities, Inc. William B. Chappell - SunTrust Robinson Humphrey, Inc., Research Division Bradley B. Thomas - KeyBanc Capital Markets Inc., Research Division Karru Martinson - Deutsche Bank AG, Research Division Simeon Gutman - Crédit Suisse AG, Research Division Gary Balter - Crédit Suisse AG, Research Division Unknown Analyst PresentationOperator
Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2011 ACCO Brands Earnings Conference Call. My name is Janita, and I will be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Ms. Jennifer Rice, Vice President, Investor Relations. Please proceed. Jennifer Rice Good morning, and welcome to our fourth quarter 2011 conference call. Speaking on the call today are Bob Keller, Chairman and Chief Executive Officer of ACCO Brands Corporation; and Neal Fenwick, Executive Vice President and Chief Financial Officer. Slides that accompany this call have been posted to the Investor Relations section of accobrands.com. These slides provide detailed information to supplement this call. When speaking to our earnings per share, we are using a normalized effective tax rate of 30%, and we exclude the cost associated with the pending acquisition of MeadWestvaco's Consumer and Office Products business and costs associated with the repurchase of our bonds during the year. SG&A, operating income and EBITDA also exclude costs associated with the pending acquisition.