For the K Swiss brand the average wholesale price cheap beats headphones per pair decreased to $24.56 for the third quarter compared with $26.44 in the prior year period. The volume of footwear sold was 2.2 million pairs in the third quarter compared to 3.0 million pairs in the third quarter of 2008. Overall gross profit margin as a percentage of revenues was 37.2% in the third quarter compared with 39.8% in beats for cheap the prior year period.A lower margin was due to a higher percentage of sales of closeout products. Our SG cheap beats by dr dre measured as a percentage of revenues was 42.9% compared with 39.3% a year beats by dre outlet ago, and in terms of dollars $6.1 million below the prior year. We had an operating loss christian louboutin outlet of $4.0 million for the third quarter compared with operating margin of $500,000 in the prior year period. Our income tax benefit was 37.9% due to continued losses in the United christian louboutin discount States.Turning to the balance sheet of September 30, 2009, working capital louboutin outlet was $268.1 million compared with $368.1 million a year ago. Accounts receivable were $42 million or 53 days outstanding compared with 45 days the previous year. Our inventories were down 24.7% to $51.4 million compared with the year ago. And we ended the quarter with approximately $191.6 million or $5.46 per share in cash and investments, and $7.7 million in cheap christian louboutin short term debt.I'll now turn the call back to Steven to wrap up the operational information.cheap louis vuitton
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