Additional information concerning factors that could cause our forward-looking statements not to occur is contained in our filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance upon any forward-looking statements. I would also note that the recording and retransmission of today’s conference call is strictly prohibited without the prior written consent of TA.
Now, I will turn the call over to Tom O’Brien.
Thomas M. O’Brien
Good morning everybody. Thank you for joining our call today. Our results for the 2012 second quarter continued our strength of year-over-year improvements. We generated net income of $29.9 million or $1.04 a share, for the second quarter of 2012, an improvement of $8 million over the second quarter of 2011.The increase on a per share basis was $0.04 or 4% despite a 33% increase in our weighted average share count due primarily to our issuance of equity during the second quarter last year. Further, our 2012 second quarter EBITDAR was $94.1 million, an increase of $11.2 million or 13% over the 2011 second quarter. These results of the 2012 second quarter represent our 10th consecutive quarter of improved results over the prior year quarter. For the first six of 2012, we generated net income of $15.7 million or $0.54 a share, an improvement of $10.4 million or approximately three times the net income we generated in the first six months of 2011. The increase on a per share basis was $0.28 or 108%, we generated EBITDAR of $164 million for the first half of 2012, an increase of $17.9 million or 12% over the 2011 first half. I attribute these improvements to the capital investments we’ve made in existing properties in 2011 and in 2012, the favorable changes in fuel margins particularly during the 2012 second quarter, as fuel prices generally declined. Our operational execution and ongoing improvements in customer service delivery, and of course our continuing program to acquire TravelCenters to fill in our nationwide network. These results have been achieved despite only modest trucking business improvements reported by many of our customers.