Good day, ladies and gentlemen, and welcome to the Q3 2012 Weyco Group Earnings Conference Call. My name is Andrew, and I will be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. I would like to turn the call over to John Wittkowske, Chief Financial Officer. Please proceed, sir.

Thank you. Good morning, everyone. Welcome to Weyco Group's conference call to discuss our third quarter 2012 earnings. On this call with me today are Tom Florsheim, Jr., our Chairman and CEO; and John Florsheim, our President and COO. Before we begin, I will read a brief disclaimer. During the course of this call, we may make projections or other forward-looking statements regarding our current expectations concerning future events and the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. We refer you to Weyco Group's most recent Form 10-K as filed with the Securities and Exchange Commission. The 10-K identifies important factors and risks that could cause the company's actual results to differ materially from our projections. Additionally, some comparisons may refer to non-GAAP measures. Our SEC filings may contain additional information about these non-GAAP measures and why we use them. Net sales for the third quarter of 2012 were $79 million, up 7% from $75 million in 2011. Operating earnings increased 21% to $8.1 million from $6.7 million. Net earnings attributable to Weyco Group were $5.2 million as compared to 5 -- excuse me, as compared with $4.4 million. Diluted earnings per share were $0.48 in 2012, up from $0.40 last year. North American wholesale net sales of footwear for the third quarter of 2012 were $60 million compared with $55 million in 2011. The increase in sales resulted from increased shipments across several of our wholesale brands. Licensing revenues were $800,000, down from $1.1 million in 2011. Gross earnings as a percent of sales were 32.4% in the third quarter, as compared with 31.6% in the third quarter last year. Operating earnings for the Wholesale segment were $6.6 million this…

Thanks, John. Good morning. As John mentioned, we had solid increases in our wholesale shipments this past quarter. In terms of our portfolio of brands, Bogs, Florsheim and Umi all had very strong quarters with gains of 46%, 20% and 9%, respectively. Meanwhile, our Stacy Adams business was flat and Nunn Bush sales were off 16%. Bogs' growth was driven primarily by our takeover of the distribution in Canada, which accounted for $4.1 million of sales in the third quarter. We are very pleased with our first full quarter of shipping in Canada. Bogs has a strong following in this market, and we believe there's excellent long-term growth potential. Currently, the majority of our sales are in kids and women's segments. Our objective is to complement these segments with increased penetration in the men's classic, industrial and hunting categories. Bogs also had a very good quarter in the U.S. market with a shipping increase of 8% over last year. Florsheim had a strong quarter with a 20% gain in sales, driven by strong performance in our department store trade channel, as well as an increase in shipments to Latin America. Over the last few years, we've increased our presence in the Latin American and Caribbean markets and now have 20 independently owned Florsheim stores in the region, including 7 that have opened this year. Overall, the positive Florsheim quarter reflects the brand's continued progress in expanding its market penetration in the casual footwear segment. In addition, Florsheim benefited from the launch of the Florsheim Kids business, which was well received by consumers and registered strong sales during the back-to-school time period. Stacy Adams sales were flat this quarter but are still trending up significantly for the year. At retail, the brand's performance is healthy and we believe Stacy Adams is…

[Operator Instructions] Sir, you have no questions at this time. [Operator Instructions] Again, we have no questions coming through. So I would now like to turn the call over to John Wittkowske for closing remarks.

I just want to thank everybody again for joining us, and we'll talk to you after the full year is up. Have a good day.

Thank you for your participation in today's conference. This concludes the presentation. You may now disconnect. Good day.