Question-and-Answer Session
Operator
Thank you. (Operator instructions). Our first question comes from [Don Shelton]. Please go ahead, sir.
Don Shelton
Thank you, a great job on the good quarter and great diversification of revenue. Its been interesting over the last four, five years to see the change and where the forces of revenue come from. Here is my specific question. Regarding other operating expenses what was the actual dollar amount if you know that was related to the Hallmark proxy work that was applied during the first quarter?
Courtney Smith
Okay, I will Pete answer that for us.
Peter Jokiel
A little over $300,000 in the first quarter.
Don Shelton
Okay.
Peter E. Jokiel
So roughly half of the other operating expense increase.
Don Shelton
So it sounds like it is safe to say then that without that, earnings per share might have been $0.02 per share higher.
Peter E. Jokiel
If you just used those peer number, yes.
Don Shelton
Okay, is that a fair assessment? In other words?
Peter E. Jokiel
If you took out $300,000 of expenses you would have about another $0.02 a share. That’s correct.
Don Shelton
Okay, thank you very much.
Operator: (Operator Instructions). It appears to be no further questions at this time, I will turn the call back over to Mr. Smith for any additional or closing remarks.
Courtney Smith
Thank you for joining us on this call. We look forward to speaking to you again next quarter.
Operator: And that thus concludes today’s conference. Thank you for your participation have a wonderful day. You may now disconnect.
Copyright policy: All transcripts on this site are the copyright of Seeking Alpha. However we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to www.SeekingAlpha.com. All other use is prohibited.
THE INFORMATION CONTAINED HERE IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL, CONFERENCE PRESENTATION OR OTHER AUDIO PRESENTATION, AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE AUDIO PRESENTATIONS. IN NO WAY DOES SEEKING ALPHA ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S AUDIO PRESENTATION ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS.
- To read the full transcript on Seeking Alpha, click here »
