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February 08, 2012 9:00 am ET
Richard S. Lindahl - Chief Financial Officer and Principal Accounting Officer
Thomas L. Monahan - Chairman and Chief Executive Officer
David Ridley-Lane - BofA Merrill Lynch, Research Division
Timothy McHugh - William Blair & Company L.L.C., Research Division
Toni Kaplan - Morgan Stanley, Research Division
Gary E. Bisbee - Barclays Capital, Research Division
Paul Ginocchio - Deutsche Bank AG, Research Division
Daniel R. Leben - Robert W. Baird & Co. Incorporated, Research Division
Shlomo Rosenbaum - Stifel, Nicolaus & Co., Inc., Research Division
Good morning and welcome to the Corporate Executive Board's Fourth Quarter 2011 Conference Call. Today's call is being recorded and will be available for replay beginning today and through February 16 by dialing (719) 457-0820. The confirmation code for the replay is 705334. The replay will also be available beginning later today and through February 16 at the company's website and at www.earnings.com.
To the extent any non-GAAP financial measure is discussed in today's call, you'll also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP by going to the company's website and following the Investors link to yesterday's news release. You will also find a PDF of the supporting materials that the company will use in its prepared remarks this morning by going to the Investors page and following the link on the fourth quarter earnings conference call. Please review the second page of these materials, which includes important information about any forward-looking information included in the presentation.