Tommy Bruno: Anthony, it’s a combination of two things driving ASP, one is the types of programs that we’re getting that are higher end programs in the market and then in general, we’re mix — our product mix is driving our ASP based on the mix of covers and higher end fabrics.
Iv Culp: I mean, Anthony, we say the units are down, industry units are reported down almost everywhere and our units are slightly down. We think we are performing on units but a lot of our sales gain, majority of it is better prices, better margins, new products priced properly, all the things we didn’t do for a period of time that Tommy and his team are really correcting. So we’re seeing that offset. That’s why we’re really encouraged. We’re growing our sales without units where we expect they will eventually be. That’s why it even drives more optimism if you look at it that way.
Anthony Lebiedzinski : And then, I guess, as far as this whole transformation process that’s been taking place at the CHF. I guess, if we were in a kind of a baseball game, what inning are we in as far as the process and what are some of the initiatives left to do?
Iv Culp: So I would say we’re still in the middle innings. We’re still continuing to work on changing some things within our product assortment to drive productivity through all of our SKUs. We’re still continuing to work on operational efficiencies after we made some restructuring changes within our leadership team. So in general, I would say we’re still in the middle innings. I think it’s generally a two year transformation process and I just feel comfortable that we’re going to show steady improvement through that process on our way back to historical results over time.
Anthony Lebiedzinski : And then as far as the SG&A, I know you guys talked about that being up because of some higher business investments. Can you share with us a little bit more details on how should we think about SG&A going forward?
Ken Bowling: I think as we’ve said, SG&A is up but it’s due to factors that are really supporting the business. We’re putting in the right people in the right seats, we’re getting back on the road again to traveling to customers and shows. We’ve had some restructuring things relating to our sampling. With the business levels being up, we are sampling a lot more with new programs. So all of those factor in. I think, when you look at where we are currently with our SG&A, we feel very good about where we are. We feel that going forward as sales start to rise, we will get that positive leverage. So we think we’re well positioned. We’ve just got to get the lift going forward and get that positive leverage. But overall, we see that SG&A is an investment and we feel like we’re in good shape at this point on both sides of the fence.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Culp for any closing remarks.
Iv Culp: Thank you, operator. And again, thank you to everyone for your participation and your interest in Culp. And we certainly look forward to updating you on our progress next quarter. Have a great day.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
