Thanks Will. Well, again, good morning, everyone. As we discussed in the first quarter when we started to see a lot of these trends take place. We expected back then that volumes would be up, we expected that ACVs would continue to decline, and we've seen that. So just to give you a little flavor, a little feel for what's going on there, basically ACVs for 2008 were roughly the same, meaning that you can go back May, June, July, August, they were roughly the same number, and we started to see that dip after September. So in October we saw the first decline in ACV values. That continued into November, it continued into December and actually hit the low point in December. It has modestly come up for January, February and March. So it's probably right where it's going to be from what we can see. Obviously, used car values have come back a little more in February. But I think – yes, when we look at ACVs, I think the number is kind of where it's going to be.I think we're pretty comfortable with that. Obviously, lower ACVs drive volume and we've seen volume up. We've seen a pretty good trend there with respect to increased volumes. Volumes increase inventory for Copart, obviously, as we pick cars up in Q2 and then we sell those cars off in Q3, and we've always said basically we convert cash into receivables in Q2 and then we'll convert the cars into cash in Q3. So we finished the quarter with roughly $22 million in cash and we will finish Q3 – we're talking a month and a half from now, we should be something north of $70 million in cash. That's what we're expecting today from what we can see. So…

Thank you, Jay. During our second quarter we felt the full impact of the reductions in commodity pricing, the decline in used car pricing, and the strengthening of the dollar, especially relative to the peso on our revenues. These factors led to a decline in the average selling price of the vehicles that we remarket, and, as more than half of our revenue is tied in some manner to the selling price of the vehicle, they have led to a reduction in our revenues per transaction on a sequential quarter basis. On a consolidated basis, revenue for our second quarter was $169.9 million compared to $173.5 million for the same quarter last year, a decrease of 2.1%.In North America, we generated $138.6 million for the second quarter compared to $137.6 million for the same quarter last year, an increase of $1 million, or 0.7%. The growth came solely from increased volume, as revenue per transaction remained relatively flat. Volume grew despite the reductions in miles driven, which would suggest a reduction in accident rates. We believe the decline in used car pricing has led to higher percentage of cars involved in accidents ultimately being totaled, and growth in our insurance volumes. Units remarketed for the insurance industry represented 83% of total North American volume compared to 81% in the previous quarter and 82% in the same quarter last year. We believe the weaker economy has had a negative impact on volumes from certain non-insurance suppliers. Same-store sales in North America were down 0.8%.In the UK, revenue was $31.2 million for the quarter compared to $35.8 million for the same quarter last year, a decline of $4.6 million, or 12.8%. The decline resulted solely from the change in the pound to dollar exchange rate, which was $1.49 to the pound in…

Tony Cristello – BB&T Capital Partners:

Hi. Good morning, Tony.

Hi, Tony. Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Tony Cristello – BB&T Capital Partners:

Bob Labick – CJS Securities:

Hi, Bob.

Good morning Bob. Bob Labick – CJS Securities:

Bob Labick – CJS Securities:

Bob Labick – CJS Securities:

Bob Labick – CJS Securities:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

It's both. It's both, and charities. So it's your franchise independent dealers, your individual consignors and your charities, primarily. Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

Scott Stember – Sidoti & Company:

And our next question comes from Bill Armstrong with CL King & Associates. Bill Armstrong – CL King & Associates:

Bill Armstrong – CL King & Associates:

Bill Armstrong – CL King & Associates:

Bill Armstrong – CL King & Associates:

Bill Armstrong – CL King & Associates:

Bill Armstrong – CL King & Associates:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Matt Nemer – Thomas Weisel Partners:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Craig Kennison – Robert W. Baird:

Ivan Holman – RBC Capital Partners:

Ivan Holman – RBC Capital Partners:

Ivan Holman – RBC Capital Partners:

Ivan Holman – RBC Capital Partners:

Ivan Holman – RBC Capital Partners:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Gary Prestopino – Barrington Research:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Edward Hemmelgarn – Shaker Investments:

Charles Weissman – Chilton Investment Company:

Charles Weissman – Chilton Investment Company:

Charles Weissman – Chilton Investment Company:

And that does conclude today's conference. Thank you everyone for your participation.