Jeff Liaw | President and Chief Financial Officer |
Darren Hart | Vice President-Finance |
Bob Labick | CJS Securities |
Craig Kennison | Baird |
John Healy | Northcoast Research |
Bret Jordan | Jefferies |
Chris Bottiglieri | Wolfe Research |
Derek Glynn | Consumer Edge Research |
Excuse me | everyone. We now have our speakers in conference. Please be aware - that each of your lines is in a listen-only mode. At the conclusion of today’s presentation - we will open the floor for questions. [Operator Instructions] |
I would now like to turn the conference over to President and CFO | Jeff Liaw. Please go ahead - sir. |
Thank you, Dan, and welcome to Copart’s Fiscal 2020 First Quarter Earnings Call. I’ll ask Darren Hart, our VP of Finance, to start with the Safe Harbor.
Thanks, Jeff.
During today’s call, we’ll discuss certain non-GAAP measures, including non-GAAP net income per diluted common share, which includes adjustments to reverse the effect of certain discrete income tax items, foreign currency related gains, certain income tax benefits and payroll taxes related to accounting for stock option exercises, and the effect on common equivalent shares from ASU 2016-09. We’ve provided a recollection of these non-GAAP financial measures to the most directly comparable GAAP measures on our website under the Investor Relations link and in our press release issued yesterday.