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There remains ample opportunity to improve the operating margin over the longer term by achieving stronger sales growth and leveraging it against a relatively fixed expense base. Other expenses, net of $15 million in the quarter, were up slightly from last year and we continue to forecast other expenses at about $58 million for the full year. The effective tax rate was 34.2% in the second quarter, and we continue to estimate a 35% rate for the full year. Adding it all together, net earnings increased 16% in the second quarter and diluted EPS rose 15%, which was considerably better than our previous forecasted earnings equal to last year. Three months ago, we had reduced our sales growth expectation for the full year due to a disappointing performance in the Americas, as well as to factor in a weaker yen. At this point, we are maintaining a cautious sales outlook for the Americas until we see solid evidence of an upturn. Our assumptions call for full year worldwide sales to grow by a mid-single digit percentage in dollars and by a high-single digit in local currency. With local currency comp growth ranging from high-single digits in Asia-Pacific and Japan to low-single digits in the Americas.
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