... the prior year quarter is the result of an $8 million gain we booked last year related to the termination of our pension plan. Operating expenses were up $18 million in the fourth (sic) [first] quarter versus the fourth quarter as a result of stock ...
http://seekingalpha.com/article/1351211-slm-management-discusses-q1-2013-results-earnings-call-transcript?source=feed
http://seekingalpha.com/article/1351211-slm-management-discusses-q1-2013-results-earnings-call-transcript?source=feed
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