Fixed compensation increased 15% versus the immediately preceding quarter. Within this increase in fixed compensation, non variable salaries increased a relatively modest $2,600,000 primarily related to annual merit increases. In addition, we saw seasonally driven increases in payroll taxes, retirement and paid time off accrual expenses of $6,100,000 In addition, share based compensation expense increased $1,800,000 and a reduction of deferred compensation increased overall non variable compensation by $3,100,000 as $1,000,000 as compared to the immediately preceding 1st fiscal quarter of 2024. Other fixed expenses increased $16,500,000 as compared to the prior year, including an $8,000,000 increase in professional fees, primarily due to an increase in legal fees as well as a $3,000,000 increase in occupancy and equipment rental, principally driven by the acquisition of additional space in London and India, as well as a $1,300,000 accelerated charge related to the consolidation of our offices in London. In addition, selling and marketing and travel and business development combined were up $2,700,000 as compared to the prior year, primarily driven by approximately $4,000,000 in expenses related to our biannual global sales summit, which was partially offset by lower direct marketing costs in our retail segment.