Operator
Good day everyone and welcome to the Copart Incorporated Second Quarter Fiscal 2021 Earnings Call. Just a reminder, today s conference is being recorded. For opening remarks and introductions, I would like to turn the call over to Mr. John North, Chief Financial Officer of Copart Incorporated. Please go ahead, sir.
John North
Chief Financial Officer
Thanks. During today s call, we ll discuss certain non-GAAP measures, which include adjustments to reverse the effect of certain discrete income tax items, foreign currency related gains, certain income tax benefits and payroll taxes related to the accounting for stock option exercises. We provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures on our Investor Relations website and on our press release issued yesterday. We believe these non-GAAP measures together with our corresponding GAAP measures are relevant in analyzing our results and assessing our business trends