Hello, and welcome to the Third Quarter 2018 Earnings Release Conference Call. My name is Anara, and I'll be the operator for today's call. At this time, all participants are in a listen-only mode. Later we'll conduct a question-and-answer session [Operator Instructions] I will now turn the call over to Mr. John Wittkowske, CFO. John, you may begin.

Thank you. Good morning, everyone, and welcome to Weyco Group's conference call to discuss our third quarter 2018 earnings. On this call with me today is Tom Florsheim, Jr., our Chairman and CEO. 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 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. Our net sales for the third quarter of 2018 were $78.4 million, up 2% compared to last year's third quarter of $76.9 million. Operating earnings were $8 million, up 3% from $7.8 million last year. Net earnings attributable to Weyco Group rose 27% to $6.3 million for the quarter, up from $4.9 million. Net earnings were positively impacted by the lower U.S. Federal tax rate this year. Diluted earnings per share were $0.60 per share compared with $0.48 per share last year. In the North American wholesale segment, net sales for the quarter were $63.2 million, up 4% compared to $60.7 million in 2017. Licensing revenues were approximately $530,000 in both quarters of both year -- in the third quarter of both years. Wholesale gross earnings were 34.4% of net sales in the third quarter of 2018 and 33.9% of net sales in last year's third…

Thanks, John, and good morning, everyone. As John mentioned, sales in our North American wholesale segment were up 4% for the quarter. Overall, we feel that we are on a good trajectory with our wholesale business. We're picking up market share in the dress and dress casual categories, and our outdoor business is currently tracking to be up for the year. Stacy Adams sales were up 17% for the quarter. The increase was driven primarily by gains at family shoe chain and department store trade channels. There are very few dress-oriented brands that have performed as consistently as Stacy Adams in the past few years. We are focused on evolving the line as well as our marketing to emphasize versatile fashion that can be worn for more formal occasions or with a nice pair of jeans. That formula has strengthened the brand's relevance in an increasingly casual world. With the strong third quarter, Stacy Adams is now up 5% for the year. Our Florsheim business is having a terrific 2018, with an 8% increase for the third quarter and a 19% increase year to date. The brand's resurgence is driven by great new product across a variety of platforms that have enabled Florsheim to garner additional shelf space. We believe that we are making inroads with the next generation of consumers that are attracted by the authenticity of Florsheim's heritage as well as a design aesthetic that reflects today's lifestyle. Nunn Bush sales were flat for the quarter. Nunn Bush sales have been impacted by the difficulties of the mid-tier department store segment, with 2 key accounts filing for bankruptcy this year. That being said, the brand is growing its business with other retailers as well as in the e-commerce segment. Nunn Bush is focused on innovative comfort. In combination…

[Operator Instructions] And I'm not showing any audio questions at this time. : :

Okay. Then we'd like to thank everyone for their participation on today's call, and we will look forward to talking with you in the new year. Have a great day.