Fourth quarter 2025 revenue increased 46% to $1.02 billion, including a 36 percentage point benefit from the Helly Hansen acquisition. Adjusted gross margin for Q4 2025 was 46.8%, an increase of 210 basis points compared to the prior year. Adjusted operating income for Q4 2025 increased 48% to $150 million, including $8 million of incremental demand creation and brand investments. Adjusted EPS for Q4 2025 increased 26% to $1.73, including $0.10 of incremental demand creation and brand investments. Full year 2025 revenue was $3.15 billion, an increase of 21% compared to the prior year, with an 18 percentage point benefit from Helly Hansen. Full year 2025 adjusted EPS was $5.59, representing an increase of 14% compared to the prior year. Inventory at the end of Q4 2025 was $567 million, a 26% decrease from the third quarter. The company made a $200 million voluntary term loan payment in Q4 2025 and repurchased $25 million of shares. For full year 2026, revenue is expected to be in the range of $3.40 to $3.45 billion, an increase of approximately 9%. Adjusted gross margin for full year 2026 is expected to be 47.2% to 47.4%, an increase of 60 to 80 basis points. Adjusted operating income for full year 2026 is projected to be $506 million to $512 million, an increase of 8% to 9%. Adjusted EPS for full year 2026 is anticipated to be $6.40 to $6.50, an increase of 15% to 16%. Cash from operations for full year 2026 is expected to be approximately $425 million. The company expects to make voluntary term loan payments of $225 million in 2026 and achieve a net leverage ratio below 1.5 times by year-end.