Good morning, everyone, and welcome to the World Acceptance Corporation's Sponsored Third Quarter Press Release Conference call. This call is being recorded. [Operator Instructions]. Before we begin, the corporation has requested that I make the following announcement. The comments made during this conference call may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represent the corporation's expectations and beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Statements other than those of historical fact as well as those identified by the words anticipate, estimate, intend, plan, expect, believe, may, will and should or any variation of the foregoing and similar expressions are forward-looking statements. Additional information regarding forward-looking statements and any factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements are included in the paragraph discussing forward-looking statements in today's earnings press release and in the Risk Factors section of the corporation's most recent Form 10-K for the fiscal year ended March 31, 2017 and subsequent reports filed with or furnished to the SEC from time to time. The corporation does not undertake any obligation to update any forward-looking statements it makes. At this time, it's my pleasure to turn the floor over to your host, Jim Wanserski, Interim President and CEO. Please go ahead, sir.

Great. Good morning, and welcome to our third quarter earnings call. As in recent quarters, we've issued our earnings release and an additional document to provide what we call further details and observations about our results. Again, my name is Jim Wanserski. I'm fulfilling the role of Interim President and Chief Executive Officer until the search for a permanent replacement is completed. A little background on me might be useful. I specialize in public and private corporate executive-level transitions with well-known names to mid-market firms. I also do some specific project work into what I would call targeted client risk areas. My career thus far includes some 40 years of experience in C-suite operational regulatory finance positions with large corporations and firms such as MCI, Telecom USA, Sprint, Arthur Andersen Business Consulting as well as others. For this group, I am not a candidate for the permanent role of President and CEO. From my vantage point, the board is focused on the search for that candidate and who likely will include tenure, skills, strategic industry and pedigree that fit their targeted preference. In the meantime, the board has charged me with assuring the company and management team operate on a business-as-usual approach throughout this transition. And a primary focus for me is assuring our business is conducted in a manner advantageous to our customers, to our employees and shareholders. So as for the business for this call, overall, our third quarter results were strong. We see positive momentum building and continued in our business as a result of a number of initiatives by the company. Our Chief Financial Officer, Johnny Calmes, is with me. And we're certainly welcome to take questions about our quarterly results.

Q - John Rowan So as far as the quarter, were there any onetime costs in the quarter related to Janet's resignation? A - John Calmes No, that's a Q4 event. Q - John Rowan Okay, and I assume you're probably not going to give us any more information around the reason why she left? A - James Wanserski No. Obviously, there's been a press release on the activity by the board about the mutual separation. So yes, we see no reason to comment further on personal matters. Q - John Rowan Okay. As far as the operating numbers you guys reported, there's $1.37 x $10.5 million of DTA charge. That $10.5 million, that's all in the tax line, right? Because when if I back that out, I get to an implied tax rate of about 20% and Johnny, if I'm not mistaken, last quarter, you guided to around 37%. So can you just juxtapose or help us consolidate why it looks like there's a big shift in the tax rate x the DTA charge? A - John Calmes Right. So the tax rate will also shift due to the change in the tax law. So obviously, our corporate rate was 35%, and it's moving to 21%. For the current fiscal year, that's going to be a blended rate. But going forward, our effective tax rate will be more in the neighborhood of 24% to 25%. Q - John Rowan Yes, but wouldn't your tax rate change for the next fiscal year not -- so is your tax rate going down this quarter? Is that the function? Or I was under the impression that the tax rate would go down starting 1Q over the next fiscal year. A - John Calmes No, it's effective January 1, I believe, or maybe…