At that point I’ll turn the call over to Dan and he’ll comment on the financial results included in this morning’s press release. Additionally, Dan will provide you with an update on our efforts to facilitate additional third party private education loan options for our students. Upon the conclusion of Dan’s prepared remarks we’ll open up the call to your questions.Let’s begin with a review of our third quarter advertising results. Advertising expenditures in the third quarter of 2011 increased approximately 12% compared to the same period in 2010. This was below our planned increase of 20% primarily due to our transition from traditional television sources to Internet based alternatives, and our efforts to eliminate sources that do not meet our hurdle rates for return on investments.
ITT Educational Services, Inc.'s CEO Discusses Q1 2012 Results - Earnings Call Transcript
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