Brent Thielman: And the impact on the cash flow is negligible because you’re already addressing that in the working capital portion is what you’re saying, just to correct?
Bruce Labovitz: Yeah. Because we’ve had to book it, then we booked this offset to it, right? So, it’s in the pre-working capital, sorry, it’s out in the pre-working capital and back in in the working capital section. So, but from a net income perspective, we would recover that $4.7 million of tax expense, which by the way, if for some reason we withdrew our tax position, we would also recover, but then we would be out the cash.
Brent Thielman: Okay. Fun stuff. I guess the other one I would ask is…
Bruce Labovitz: Call your senators, tell them to pass the bill.
Brent Thielman: I suspect this would get fleshed out maybe a bit more in the 10-K and the end market disaggregation. It would be interesting to see that. But I mean, you — I think about this, you have a rather large land survey operation and it seems there are some rather large land consuming projects out there and manufacturing, industrial development, data centers. How much are these moving the needle in the building infrastructure segment today as we think about this kind of low- to mid-teens organic growth rate?
Bruce Labovitz: I’m not sure I exactly follow the question. Is it how is surveying affecting it or how are large land projects impacting the concentration of revenue?
Brent Thielman: Well, I think the topic du jour out there is there’s a lot happening in the supply chain coming back in the United States, a lot’s happening in manufacturing, plenty happening in data centers. I’d just be curious how that’s impacting the business?
Bruce Labovitz: The CHIPS Act, I think, we’re kind of talking now about the impact of the reclamation of manufacturing and stimulus. We don’t do a lot of manufacturing facility engineering, but what happens is it’s a stone in the pond and it has a ripple. So, when there is demand for resources in this market, and let’s say, a larger firm addresses that, it limits their ability to satisfy all demand of their existing portfolio. So, things spill out and come downstream. So, directly, I would say, Gary, you can add to it.
Gary Bowman: Yeah. To the sort of the large land, so where we’re seeing it is the utility projects, that is these mammoth pieces of land, say for solar farms or large transmission lines. So, that’s driving it and our data center work is tremendously robust in an area of tremendous growth. So, in the power and utilities and data center for the markets that we’re serving, we are really seeing that being a driver to geospatial, in particular and to the entire business.
Brent Thielman: Very helpful. Thanks, guys.
Bruce Labovitz: Thank you.
Gary Bowman: Thank you, Brent.
Operator: There are no further questions at this time. Mr. Bowman, I turn the call back over to you.
Gary Bowman: Thank you, Operator. Again, just want to thank everybody for participating in the call this morning and I want to thank — again, thank all our staff for all the great work we do, hard work, and look forward to talking to everybody again in May. Take care.
Operator: This concludes today’s conference call. You may now disconnect.
