SVN: Can PHPStorm Recognize an Existing Working Copy?

I have a working copy that was checked out before I started using PHPStorm.  Now I open the project with PHPStorm using File > Open... and select the root directory for the project.  PHPStorm doesn't seem to be aware that this is an SVN directory that links back to a repository, so I can't grab updates or make commits.

What are my options for getting this directory recognized as a working copy by PHPStorm?  Thanks for any advice.