Thank you for standing by. Welcome to the CorVel Corporation Quarterly Earnings Release Webcast. During the course of this webcast, 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 the 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. I would now like to turn the webcast over to your host, Mr. Gordon Clemons.

Thank you for joining us to review CorVel’s June quarter. Earnings per share for the quarter ended June 30, 2016 were $0.38, an increase of 12.5% from the prior year. Revenues for the June quarter were $128 million compared to $126.9 million for the June 2015 quarter. Both the Network Solutions in workers’ compensation and in the CERiS group health businesses had improving results in the quarter. Our enterprise comp TPA offered continuing growth. G&A in the quarter was down sequentially and year over year. The market for medical review and for our enterprise comp TPA service has been active. We’ve been experiencing improved output from our R&D efforts, which should help us in the coming year. During the quarter, we continued our efforts to improve internal operating efficiencies. This has been an area where we’ve underperformed recently. The market environment for managed care remains active, as it does for claims management. As I’ve discussed previously, CorVel’s newer TPA services continue to gain brand recognition with brokers and employers. When we first launched our TPA services without brokerage coverage, we sold largely into the public sector. Those accounts were entering the contractual renewal period over the last couple of years. The active nature of the public sector allows for easier entry for new vendors such as CorVel. And yet, this same characteristic causes some churn in the more mature book of these same accounts. In contrast, private sector accounts are more difficult to land as a new entrant, and require brokerage support and carrier approval, but gradually build as a percentage of the book of a new vendor, as these accounts tend to churn over much less offer. The oldest TPAs in our market benefit from a foundation of older private accounts, which also tend to have better margins. As…

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