Thank you. Good afternoon, and welcome. This is Jim Koch, founder and Chairman, and I'm pleased to be here to kick off the 2017 third quarter earnings call for The Boston Beer Company. Joining the call from Boston Beer are Martin Roper, our CEO; and Frank Smalla, our CFO.

I'll begin my remarks this afternoon with a few introductory comments, including some highlights of our results, and then hand over the microphone to Martin, who'll provide an overview of our business. Martin will then turn the call over to Frank, who will focus on the financial details for the third quarter as well as a review of our outlook for the remainder of 2017 and our initial outlook for 2018. Immediately following Frank's comments, we'll open the line for questions. Our total company depletion trends showed continued improvement during the last quarter while still remaining slightly negative. We remain challenged by the general softening of the craft beer and cider categories and the competitive retail environment with a lot of options for our drinkers. Our leadership team continues to make strides to challenge - to address these challenges.

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