Ronald J. Bernstein - Director, Chief Executive Officer of Liggett Group LLC, Chief Executive Officer of Liggett Vector Brands, President of Liggett Group LLC, President of Liggett Vector Brands and Director of VGR Holding J. Bryant Kirkland - Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer Analysts Kenneth P. Bann - Jefferies & Company, Inc., Research Division PresentationOperator Welcome to Vector Group's Second Quarter 2012 Earnings Conference Call. Before the call begins, I'd like to read a Safe Harbor statement. The statements made during this conference call that are not historical facts are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in more detail in the company's Securities and Exchange Commission filings. Now I'd like to turn the call over to President and Chief Executive Officer of Vector Group, Howard Lorber. Howard M. Lorber Thank you. Good morning, and thank you for joining us on Vector Group's Second Quarter 2012 Earnings Conference Call. With me today is Ron Bernstein, the President and CEO of Liggett Vector Brands and Liggett; and Bryant Kirkland, Vector Group's Chief Financial Officer. On today's call, I will provide an update on our business and review Vector Group's financials for the second quarter and first half of 2012. Ron will then address Liggett's performance for the period and provide an update on industry developments. After that, we will answer your questions.