May 31, 2018 • 09:00 am ET

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Presentation
Executive
Jorge Narino

We are expecting operating cash flows to approximate $15 million for fiscal 2018 and our capital expenditures should approximate a range of $9 million to $10 million.

In summary, we continue to be pleased with the performance of our brands and expect our favorable momentum to continue as we capitalize on the power of our global brands and strong sourcing and distribution infrastructure, while maintaining discipline with regards to expense and inventory management.

We remain confident we are making the right strategic decisions to position our Company for long term success.

Before I turn the call over to the operator, I would like to remind everyone to please limit your questions to our earnings announcements. We are not able to respond to questions related to the Board's evaluation of strategic alternatives or the Board nominations made by George Feldenkreis.

With that, I will turn the call over to the operator for Q&A.