Business Information Division revenues for the fourth quarter of 2012 were $18.2 million, an 8.8% decrease from $19.9 million in the fourth quarter of 2011. The majority of the decrease was driven by lower public notice revenue.Direct operating expenses for the Business Information Division were $7.1 million during the fourth quarter of 2012, essentially flat compared to $7.2 million last year. In addition, selling, general and administrative expenses of $8.4 million were comparable to last year. Balance Sheet and Liquidity As of December 31, 2012, the company held $3.5 million of cash and cash equivalents, compared to $0.8 million at the end of 2011. During the fourth quarter of 2012, the company generated $15.6 million of cash from operating activities and $13.1 million of free cash flow, which is defined as net cash provided by operating activities minus capital expenditures. Quarterly capital expenditures were $2.5 million. Days sales outstanding were 92.7 days for the fourth quarter of 2012, which was up from 85.7 days in the fourth quarter of last year. DSO increased primarily from a slowdown of payments received from NDeX’s law firm customers as they experience delays in the foreclosure process and taking files to sale. During the year ended December 31, 2012, the company generated $36.7 million of cash from operating activities and $29.2 million of free cash flow. Annual capital expenditures were $7.5 million. Total debt outstanding at the end of the fourth quarter was $166.0 million, of which $137.5 million was under a term loan facility. Net debt was $162.5 million, down $13.1 million from the end of 2011. At December 31, 2012, the combined weighted-average interest rate on the company’s credit facilities was 5.3%. The leverage ratio at the end of the quarter was 4.2 times total debt to trailing twelve month pro forma adjusted EBITDA, up from 2.7 times as of December 31, 2011, but within the maximum of 4.5 times allowed under the senior debt covenants for that period.