Operator: Good day, ladies and gentlemen and welcome to the Fourth Quarter 2011 Skilled Healthcare Group Incorporated Earnings Conference Call. My name is Missy and I'll be your coordinator for today. At this time all participants are in a listen-only mode. We will be facilitating a question-and-answer session after managements' prepared remarks.
I would now like to turn the presentation over to your host for today's call, Mr. Roland Rapp, General Counsel. You may begin your conference.
Roland Rapp - EVP, General Counsel, Secretary and Chief Administrative Officer: Thank you, Missy. Good morning. I'd like to welcome everybody to Skilled Healthcare's quarterly earnings conference call and introduce our presenters, Boyd Hendrickson, Chairman and Chief Executive Officer; and Dev Ghose, our Chief Financial Officer.
Before we begin, I'd like to note that certain statements and information that we discuss this morning maybe deemed to be forward-looking statements. These statements include statements relating to our objectives, plans and strategies, as well as statements other than statements of historical fact that address activities, events, or developments that we expect or anticipate will occur in the future.
Any forward-looking statements discussed on this call are made as of the date of this call and Skilled Healthcare undertakes no duty to update or revise any such statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from our forward-looking statements are described in our filings with the Securities and Exchange Commission.
Additionally, as we discuss performance, we'll be referring to adjusted net income and net income per diluted share before non-recurring items as referenced in the reconciliation tables of the earnings release. We'll also be discussing EBITDA, EBITDAR, adjusted EBITDA and adjusted EBITDAR, which we use as measures of performance, but are not considered measures of financial performance under Generally Accepted Accounting Principles.
EBITDA is net income before depreciation, amortization and interest, net of inertest income, and the provision for income taxes. Adjusted EBITDA excludes from EBITDA non-recurring, non-core business items, which for the periods reported include gains and losses on disposable assets, the expenses related to the exploration of strategic alternatives, exit costs related to our Northern California divestiture, recovery of expenses related to our divestiture of the Westside facility in Fort Worth, goodwill and long lived asset, impairment charges, litigation settlement costs, debt retirement cost and acquisition costs. EBITDAR is EBITDA excluding rent cost of revenue, adjusted EBITDAR is adjusted EBITDA excluding rent cost of revenue.
Please see the reconciliations of the non-GAAP measures included in our earnings release that we issued yesterday, which can be located on the Investor Information section of our website at www.skilledhealthcaregroup.com.