Operator Good day and thank you for standing by. Welcome to the Power Integrations' Second Quarter Earnings Call. At this time all participants lines are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] And please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Mr. Joe Shiffler. Sir, please go ahead. Joe Shiffler -- Director of Investor Relations Thank you, Mel. and good afternoon everyone and thanks for joining us. With me on the call today are Balu Balakrishnan, President and CEO of Power Integrations; and Sandeep Nayyar, our Chief Financial Officer. During the call today, we will refer to financial measures not calculated according to GAAP. Non-GAAP measures exclude stock-based compensation expenses, amortization of acquisition-related intangible assets and the tax effects of these items.