The first is that not every company that you designate as a Rule Maker has to pass each of our criteria all the time. One other thing we discussed was whether to just drop net margin from our criteria. We've talked many times about how much more meaningful cash earnings are than GAAP earnings. We still believe that. We like to keep things simple.
Net margin is easy to calculate.
Then you divide net income by total revenues and you have net margin. I think the comparison of net margin and CKM is important, particularly in assessing the quality of earnings and conservative accounting. Since we have to make that comparison, we're calculating net margin anyway. The bottom line is that there's no reason to stop calculating net margins and rewarding those companies with the highest return. So, we'll be raising our net margin target on a go-forward basis.