Good morning. My name is Paula, and I'll be your conference operator today. At this time, I would like to welcome everyone to Optical Cable Corporation's Fourth Quarter and Full Year 2011 Earnings Conference Call. [Operator Instructions] Mr. Palash, you may begin your conference.

Thank you. Good morning, and thank you all for participating in Optical Cable Corporation's Fourth Quarter and Fiscal Year 2011 Conference Call. By this time, everyone should have a copy of the earnings press release. If you don't have it, please visit www.occfiber.com for a copy. On the call with us today is Neil Wilkin, Chairman, President and Chief Executive Officer of OCC. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual future results of Optical Cable Corporation may differ materially due to a number of factors, including, but not limited to, those factors referenced in the forward-looking statements section of this morning's press release. These cautionary statements apply to the content of the Internet webcast on www.occfiber.com as well as today's call. Now I'll turn the call over to Neil Wilkin. Neil, please begin.

Thank you, Aaron, and good morning, everyone. Joining me today on the call at OCC's Roanoke, Virginia corporate headquarters is Tracy Smith, our Senior Vice President and Chief Financial Officer. I'd like to begin the call today with a few opening remarks regarding fiscal year 2011. Tracy will then review the fourth quarter and the full year results for the 3-month and 12-month periods ended October 31, 2011, in more detail. After Tracy's remarks, we will answer as many of your questions as we can. I would like to note that during the Q&A session, we will only take questions from analysts and institutional investors, which is our normal practice. We do offer shareholders the opportunity to submit questions in advance of our earnings call, which we have done today. Instructions regarding such submissions are included in our press release announcing the date and time of our earnings call. OCC achieved record annual net sales once again in fiscal year 2011. We grew net sales by 8.6% to $73.3 million, the highest in OCC's history, surpassing our previously -- our previous net sales record achieved just last year. OCC also achieved record quarterly net sales of $19.7 million in the fourth quarter of 2011, an increase of 6.5% over the same period last year. In addition to record sales, OCC recorded a number of other notable financial achievements during the fiscal year including: OCC grew gross profit 10.7% to $26.3 million; we achieved improved profitability during 2011; we generated $2.4 million in net cash provided by operating activities in fiscal 2011, continuing our track record of generating annual positive cash provided by operating activities every year since 2001, with the exception of fiscal year 2006. OCC declared quarterly cash dividends totaling $0.04 per share during fiscal 2011, returning $252,000 to…

Thanks, Neil. I would like to note that during my comments, I will refer to pro forma net income and loss amounts for fiscal year and fourth quarter 2010. A more detailed explanation of these pro forma amounts is set forth in the financial tables of this morning's press release. Consolidated net sales for fiscal year 2011 increased 8.6% to $73.3 million compared to net sales of $67.5 million in fiscal year 2010. The increase is due primarily to the increase in net sales of the company's applied interconnect systems product and fiber optic cable product. For fiscal year 2011, net sales to customers located in the United States increased 12.2% compared to fiscal year 2010, while net sales to customers located outside of the United States decreased slightly 1.2%. Consolidated net sales increased 6.5% to $19.7 million for the fourth quarter of fiscal year 2011 compared to net sales of $18.5 million for the comparable period in fiscal year 2010. Net sales growth during the fourth quarter of fiscal 2011 was achieved over a broad customer base and product mix, with notable increases in the company's specialty markets. During the fourth quarter of fiscal year 2011, OCC achieved consolidated net sales growth, both in international markets and within the United States. Net sales to customers located outside of the United States increased 17.7% in the fourth quarter of fiscal year 2011 compared to the same period last year, and net sales to customers located in the United States increased 3.4%. Gross profit increased 10.7% to $26.3 million in fiscal year 2011 compared to $23.8 million in fiscal year 2010. Gross profit margin or gross profit as a percentage of net sales increased slightly to 35.8% in fiscal year 2011 from 35.2% for fiscal year 2010. During the fourth quarter…

Thanks, Tracy. And now we're happy to answer as many of your questions as we can. Operator, if you could please indicate the instructions for participants to call in their questions, I would appreciate it.

[Operator Instructions] At this time, we have no question.

Aaron, did we have any questions that shareholders sent in before the call by e-mail?

Neil, at this time, we do not have any questions submitted by individual shareholders.

Okay. In that case, I'd like to thank everyone for listening in to our call for fiscal year 2011, and we appreciate your support of Optical Cable Corporation.

Thank you. This concludes your conference. You may now disconnect.