Our business fundamentals are strong and our outlook for the future continues to be positive.

We have several new products being introduced, and the initial response from our customers has been positive. We also expect to continue to realize the benefits of the cost reduction initiatives we implemented in September.

It's a major part of our business, very important.

We are proud to expand our support of junior golf by extending our relationship with the Junior World Championships. Our sponsorship of this prestigious event, along with our ongoing support of high school and college programs around the country, further demonstrates our commitment to the players who are the future of this great game.

The introduction of the new HX Pearl Golf Ball underscores our commitment to women's golf. Women golfers have told us they want the same high-tech performance golf balls men play, but they want them to be designed for their style of play. We listened to them, and the result is the HX Pearl, a superior performance ball that delivers exceptional distance and soft feel tee to the green.

The introduction of the new HX Pearl Golf Ball underscores our commitment to women's golf. Women golfers have told us they want the same high-tech performance golf balls men play, but they want them to be designed for their style of play. We listened to them, and the result is the HX Pearl, a superior performance ball that delivers exceptional distance and soft feel tee to green.