Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jim Janesky with Stifel Nicolaus. Your line is open.
Jim Janesky- Stifel Nicolaus
Yes, thank you. A couple of questions. David, did you say that the insurance adjustment was about $0.02 a share in the quarter?
David Dreyer
Yes and we had favorable experience in our insurances. It was basically a professional liability for nurses and the health insurance for nurses that was about $0.02 impact favorable to the first quarter results.
Jim Janesky- Stifel Nicolaus
Okay. So that's why despite the sequential -- or I don't want to put words in your mouth. But is that why, despite the sequential increase in revenues expected in the second quarter over the first quarter, why earnings per share are roughly flat?
David Dreyer
That's exact right if you normalized, basically, and this was things like favorable claim settlements. It was not anything unusual. But we're not assuming that in our guidance in the second quarter. So yes, to correct, that would make the second quarter comparative to more like $0.26 in the first quarter.
Jim Janesky- Stifel Nicolaus
Okay. Thanks.
Susan Nowakowski
The other contributor, Jim, is the fact that we have the full quarter of Platinum revenue in the second quarter. But because of amortization, it offsets that a bit. So more of the accretion and EPS impact from Platinum, albeit still small, will be in the second half of the year.
Jim Janesky- Stifel Nicolaus
Okay. So, we should have amortization going up in the second quarter and throughout the rest of the year, right?
David Dreyer
That's right.
Jim Janesky- Stifel Nicolaus
Okay. What about housing expense? You made a comment on that. I don't know if it was in the prepared remarks but I did read it in the press release. In 2007, there was a bump in housing, as in some cases you were trying to increase the supply of nurses willing to travel. What are the trends now and how do you expect that for the rest of the year?
Susan Nowakowski
We expect it to be pretty stable through the year from where we are today. There's a few puts and takes within housing, some very favorable trends. Our average daily rent costs are actually very stable and came down from the fourth quarter. Our vacancy rate, which actually drives a fair amount of incremental expense, is down year-over-year in March for the first time in many, many quarters.
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