David Karnovsky
JPMorgan Chase & Co, Research Division

Okay. Great. We're going to get started. You'll notice we have a little bit of a unique setup today. So on my left is Natasha Fernandes, CFO of IMAX. And up on the screen on my right, you'll see Rich Gelfond, CEO. Rich, thanks for being with us today.

David Karnovsky
JPMorgan Chase & Co, Research Division

Why don't we start with you? It's been a while since investors have heard from you. So maybe we could just start by having you kind of share your perspective on kind of recent business trends, what you're most excited about, what you've been focused on as you've come back from your temporary leave.

Richard L. Gelfond
CEO & Director

Thanks, David, and thanks for agreeing to this unique setup. As you know, I can't travel right now, and I really appreciate the opportunity to speak at the conference.

So in a way, the staging of my comeback is perfect with the summer slate kicking off right now and all that's going on in the business. First of all, my primary thing that I've been focusing on is shareholder value and increasing shareholder value. And to that end, I started coming back in the last week or 2, and we decided to initiate a buyback program a week ago, and we bought in over 12 million shares in the last week.

The stock has gone down for reasons. I understand that some films over-index what you