Good day, ladies and gentlemen and welcome to Tandy Leather Factory third quarter 2013 earnings call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions). As a reminder, this call will be recorded. I would now like to introduce your host for today's conference. Ms. Shannon Greene. You may begin.

Thank you. Good afternoon and thank you for joining us for our third quarter 2013 earnings conference call. I am Shannon Greene, Chief Financial Officer of Tandy Leather Factory and I am joined by Jon Thompson, our Chief Executive Officer and Mark Angus, our Senior Vice President. Before we begin, I call your attention to the fact that these conversations will contain forward-looking statements to the extent we speak today of any future events or make other forward-looking statements. You are reminded of the inherent uncertainties of looking into the future that there are risks to Tandy Leather Factory that could prevent these events from occurring in the manner foreseen. Please see our Form 10-K for 2012 and subsequent forms 10-Q for a discussion of some of these risks. Copies of these documents are available through the SEC's EDGAR system and from our Investor Relations office. Also, statements made today by us as management of Tandy Leather Factory are made as of this moment and we disclaim any duty to the update of those statements. We are pleased with our financial performance in the third quarter achieving a 9% sales increase and a 456% earnings increase compared to the third quarter of 2012. Gross profit margin for the quarter was about 63% and operating income increased by 273%. We will provide more details regarding the significant improvement in operating income and net earnings later in the call. We ended the quarter with $6.3 million in cash and $29.5 million in inventory. Total assets at September 30 increased $5.1 million from the year-end 2012 to $54.2 million. Now for the numbers from today's press release. Our third quarter consolidated sales increased 9%. Current quarter sales were $18.5 million compared to last year's third quarter sales of $17 million. Wholesale Leathercraft sales…

(Operator Instructions). Our first question comes from Steve Shaw with Sidoti & Company. Your line is open. Steve Shaw - Sidoti & Company: Hi, Shannon. How are you?

I am good. How are you? Steve Shaw - Sidoti & Company: Good. Can you do me a favor and repeat the gross margin percentages for the retail, last year and this year?

Year-to-date? Steve Shaw - Sidoti & Company: No, I am sorry. For the quarters.

For the quarter. Retail gross profit margin was 60.7% in the third quarter this year compared to 58.8% in last year's third quarter. Steve Shaw - Sidoti & Company: Okay, and the margin improvement in the wholesale and the retail, in addition to the higher volume. What was driving that? Is there a specific shift in sales mix or pricing? Anything going on there?

Pricing? No. I mean it's always product mix can have an impact. I think we talked about last quarter. If we sell more leather in a store this year versus last year or vice versa, leather is going to draw a lower gross profit margin than the metals and the other accessories. So it's a matter of what happens to the moving in a particular store or a particular segment in one quarter versus another. It's not really driven by those increases of the same product. That doesn't have a big effect. It's really a mix of the products being sold because there is such a big difference between leather versus everything else. Steve Shaw - Sidoti & Company: Right, and there is no seasonality to the Tools or other crafts being purchased, right, as opposed to leather. There is not much seasonality sort of little choppy or unpredictable.

Correct. Yes. No seasonality whatsoever. Steve Shaw - Sidoti & Company: Okay, and then shifting gears over to the new Atlanta store. Is that building a standalone building?

I don’t think so. I believe its an industrial kind of flex space. I have not sent the property. Our regional manager that runs that region is out on the road today. But no, I believe that there are several buildings in the complex and there are several tenants in the building that were in. Steve Shaw - Sidoti & Company: Okay. Do you guys have an estimate of added OpEx from that one store?

It would be minimal for 2013. In fact, it will be - one store doesn't - you are not even really going to notice as they are not that expensive to open or operate. So you are going to notice any significant difference in 2013 for the one store being opened. It is not opening until the middle of November. So we are going to six weeks worth of sales out of it. You won't notice at all either way, really positive or negative. Steve Shaw - Sidoti & Company: All right. Thanks, Shannon.

Thank you. (Operator Instructions). I am showing no further questions at this time. I would now like to turn the call back to Ms. Shannon Greene for any closing remarks.

Thank you very much on behalf of Jon Thompson, Mark Angus and myself. Thank you for your participation in today's call. Have a good day.

Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may all disconnect. Everyone, have a great day.