Good day, ladies and gentlemen, and welcome to the Q4 2014 Weyco Group Earnings Conference Call. My name is Whitney and I'll be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] I would now like to turn the conference over to your host for today Mr. John Wittkowske, Chief Financial Officer. Please proceed.

Thank you. Good morning, everyone. Welcome to our fourth quarter earnings conference call. On this call today, we have myself Tom Florsheim Jr., our Chairman and CEO and John Florsheim, our President and COO. Before we begin, I’d like to 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 Form 10-K identifies important factors and risks that could cause the company’s actual results to differ materially from our projections. Additionally, some comparisons refer to non-GAAP measures. Our SEC filings may contain additional information about these non-GAAP measures and why we use them. Our net sales for the fourth quarter of 2014 were $95.3 million, up 21% as compared to 2013 sales of $78.5 million. Operating earnings increased 24% to $30.4 million in the fourth quarter of 2014 from $10.8 million in 2013. Net earnings attributable to Weyco Group were $8.1 million this quarter, up 19% from $6.8 million last year. Diluted earnings per share were $0.75 for the fourth quarter, up from $0.62 in the fourth quarter last year. Earnings for the quarter included $611,000 of expense that resulted from an increase in the estimated liability for the final earn-out payment related to the BOGS acquisition. On an after tax basis, this adjustment was $373,000 or $0.03 per diluted share. Without this adjustment, earnings from operations and net earnings attributable to Weyco Group would have been 30% and 25% respectively for the quarter. In the North American…

Thanks John and good morning, everyone. In the fourth quarter, our North American wholesale business was up 27%. For the year, our wholesale business was up 8%. We're very pleased with how our brands ended the year as all divisions achieved double-digit increases in the final quarter. The combination of early winter weather, strong new products and the loosening of both retailer and consumer poor strings resulted in a significant uptick in our North American shipments. Our BOG sales grew from $14 million in the fourth quarter of 2013 to $25.0 million this quarter, an increase of 69%. For the year BOGS was up 46%. The surge in shipments reflected in part an early consumer reaction to winter participation. November snowstorms across the Midwest and parts of the East Coast help stimulate consumer demand and reorders from retailers. In addition, BOGS continued its expansion into casual, non-insulated and lightly insulated products as part of our effort to diversify into our business that is less dependent on seasonal weather. We believe that this past fall, represented a solid start in the evolution of BOGS into a multidimensional brand. Our intent, I am sorry, excuse me, our international business also expanded in 2014 with particularly strong growth in both the Canadian and Korean markets. Overall BOGS took a big step this year not only in volume, but also in consumer following and acceptance of the brand in new categories. Stacy Adams sales were up 19% for the quarter and 5% for the year. Growth was driven by strong shipments in the department store in national shoe chain trade channels. After a slow start, Stacy Adams picked up momentum in the second half of 2014 with strong sell-throughs at retail. We were told by our retailers that the brand remains among the most…

Okay. Then we will end the call. Should I make a last statement? Then if there are no questions, then we will thank everyone for their attendance on our call and look forward to talking to you at the end of our first quarter. Have a great day.