Question-and-Answer Session
Operator
Thank you. (Operator Instructions) And we'll go first to Shelley Gnall with Goldman Sachs.
Shelley Gnall – Goldman Sachs
Hi. Thank you. I guess I'm wondering, Chris and Claire, if you can comment on the M&A outlook, are you expecting this to be a markedly different market than we've seen in the past because your competitors are facing liquidity issues?
Christopher A. Holden
That's hard to say at this point, Shelley. I know I've been talking to some of the other players that their capitalized and we know that they are in the market. We have seen them in a few of the opportunities that are emerging, so I don't think that anyone has particularly disappeared. I think they're still actively engaged in the M&A process.
Shelley Gnall – Goldman Sachs
So should we basically expect then that the facilities that are under Letter of Intent will make up the bulk of the acquisition activity for the fourth quarter or would you still consider opportunistic acquisitions?
Christopher A. Holden
I think the LOIs will make up the bulk of it, but we're not ruling out any other transactions.
Claire M. Gulmi
Okay, great, thanks. And then just quick question, Claire, on the DSOs, they look like they're up. Are there any important drivers there?
Shelley Gnall – Goldman Sachs
No, 39 days, I think it was 38 days the last quarter, so not much movement there.
Claire M. Gulmi
Okay, and then on the salaries and benefits expense, it came in a little bit higher than I had expected. Any important drivers there?
Shelley Gnall – Goldman Sachs
No, if you look at salaries and benefits and other operating expenses were up a little bit. I think the third quarter has a lot of vacations in it, so if you look at sequentially, revenues are flat second quarter to third quarter, but we had two additional centers, so we had the expenses associated with those. I think it's more related to the timing in the year.
Claire M. Gulmi
Great, okay, thanks. And then just one more quick one, I'm wondering Chris if you can let us know, can you quantify the impact from that one extra day. You said that the hurricane I think brought down volumes by about 1%, procedural volumes. I'm wondering how much the extra day added?
Christopher A. Holden
It should have been roughly awash (ph 00:14:07).
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