Revenue and earnings increased as membership continued its upward trend. We're happy with these results and our continued profitability. We've been focusing on the basics service, value, and sales and it is working.
Membership continues to grow.
There was activity in the Stock Repurchase Program during the first quarter. It is anticipated that the program will be active in the second quarter as well. Option holders must agree to an extended vesting period of one year. The program does not include the options of Mr. Jochum or non-employee Board members. Although eligible, Mr. Jochum elected not to participate.