Thank you for standing by. Welcome to the CorVel Corporation Quarterly Earnings Release Conference Call. During the course of this conference call, CorVel Corporation may make projections or other forward-looking statements regarding future events or the future financial performances of the Company. CorVel wishes to caution you that these statements are only predictions and that actual events or results may differ materially. CorVel refers you to the documents the company files from time-to-time with the Securities and Exchange Commission, specifically the company’s last Form 10-K and 10-Q filed for the most recent fiscal year and quarter. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. At this time, all participants are in a listen-only mode. As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Mr. Gordon Clemons. Sir, please go ahead.

Thank you for joining us to review CorVel’s fiscal year 2016 ended March quarter. Revenues for fiscal 2016 were $504 million; earnings per share were $1.43. The March quarter revenues were $128 million, 5% over the revenue for the March 2015 quarter. Earnings per share for the quarter ended March 31, 2016 were $0.34, an increase of 24% over the same quarter of the prior year. We are improving our management of operations an effort consistent with the ongoing use of technology in the business. It is imperative that we evolve our business model as technology enable such change. Last year the quarter included some unusual expenses as unfortunately it did again this year. Although we are working on expense reduction two legal settlements in the quarter took our G&A to record level. Without getting into the details these law suits exemplify the kind of issues nurtured by some states governance and also the contrast of those states with others where commerce is less encumbered. As always jobs in commerce will move to the most attractive domiciles. At this time we are seeing improving sales results and are working on several projects to help us better manage our operations. We’ve maintained our pace of investment in new technology and are optimistic about the futures we have planned for the coming year. We will be continuing to work on cost control throughout the year and expect to make incremental progress during the year. I’ll now discuss the internal and external aspects of the current environment. The market environment for CorVel continues to improve. The company’s profile as a provider of total workers’ compensation managed care solution. With brokers and employers continues to steadily improve. This trend should continue over a number of years as the long standing relationships between brokers and…

This concludes today’s teleconference. You may disconnect your line at this time. Thank you for your participation.