Capital expenditures in the year amounted to $17.5 million. I would forecast a spend of approximately $20 million for fiscal 2013 as we continue to invest in our global cloud infrastructure.

From an R&D standpoint, gross expenditures totaled $58 million in the current fiscal year of which we capitalized $7.2 million as our teams work to expand our core products and web offerings across all verticals. Finally, the company's cash split by segment now stands at U.S. and Canada 63%; International 37%.

The accounts receivable balance of $235.4 million includes $33.7 million, purchased with Torex Retail. Days sales outstanding at quarter end were 63.1 days consisting of International DSOs at 72.9 days and U.S. Canada day sales outstanding of 49.4. The June inventory balance of $44.3 million includes $8.1 million related to Torex.

The core inventory balance decreased $1.9 million over the prior year. Inventory turns in the period were a record $11.2 million. The combined current and long-term deferred revenue balance of $173.1 million has increased $26.5 million, or 18.1% since June 2011, and I am pleased to provide our annual backlog disclosure of $470 million as of the close of our fiscal year, a 16.1% increase over the prior year.

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