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February 16, 2012 10:00 am ET
Sonya G. Udler - Senior Vice President of Corporate Communications
Robert S. Silberman - Chairman of the Board and Chief Executive Officer
Karl McDonnell - President, Chief Operating Officer and Director
Jeffrey P. Meuler - Robert W. Baird & Co. Incorporated, Research Division
Brandon Burke Dobell - William Blair & Company L.L.C., Research Division
Suzanne E. Stein - Morgan Stanley, Research Division
George K. Tong - Piper Jaffray Companies, Research Division
Sara Gubins - BofA Merrill Lynch, Research Division
Gary E. Bisbee - Barclays Capital, Research Division
Jerry R. Herman - Stifel, Nicolaus & Co., Inc., Research Division
Jeffrey M. Silber - BMO Capital Markets U.S.
Corey Greendale - First Analysis Securities Corporation, Research Division
Jeffrey Y. Volshteyn - JP Morgan Chase & Co, Research Division
Trace A. Urdan - Wunderlich Securities Inc., Research Division
Patrick Elgrably - Crédit Suisse AG, Research Division
Good morning, everyone, and welcome to Strayer Education Inc's Fourth Quarter and Full Year 2011 Earnings Results Conference Call. This call is being recorded. [Operator Instructions] At this time for opening remarks and introductions, I'd like to turn the call over to Strayer Education Senior Vice President of Corporate Communications, Ms. Sonya Udler. Ms Udler, please go ahead.
Sonya G. Udler
Thank you, operator. With us today to discuss the results are Robert Silberman, Chairman and Chief Executive Officer for Strayer Education; and Karl McDonnell, President and Chief Operating Officer. Unfortunately, Mark Brown, our Chief Financial Officer, will not be joining us today due to a death in his family.