Ram Selvaraju: Great, thanks for that color. Just a couple of quick housekeeping financial questions. Maybe these are more for Martin. First of all, as I perennially asked, how should we be thinking about the effective corporate tax rate going forward? Generally speaking, I think in the past, you’ve always tended to guide us towards a number that’s meaningfully higher than the number that was reported for this most recent quarter. So I was just wondering whether anything has changed there or if we should, for the remainder of 2023, expect an effective tax rate more in the 23% plus range? And then also with respect to debt repayment pace, can you give us a sense of whether what you reported for the second quarter is kind of around where you expect to be repayments in the months and quarters ahead or if you expect the pace of debt repayments to change meaningfully up or down? Thanks.
Martin Bengtsson: Yes. Thank you, Ram. On the tax rate, I guess I’m pleased that we beat the guidance a little bit. We normally guide at an effective tax rate around 23% as you mentioned. And recently, we’ve been able to beat that through call it discrete items and projects that the tax team has developed together with the businesses and so on. 23% is sort of where you land if you do the math and you do the paper exercise. So where we’re based and what kind of income we’re generating, et cetera, you fall out right around there. But then we have been effective at finding call it discrete items to come in lower than that. I think from a guidance perspective, I will still continue to guide to the 23%, because I don’t know what those discrete items will be going forward.
And I can’t guarantee that we’ll continue to come up with them. We will certainly do our best to continue to do that. And I sort of cautiously optimistic that we’ll be able to beat it. But 23% is sort of where you end up if you just do the math before you come up with new ideas. On the debt repayment, we paid back $26 million in the second quarter. I would say that that kind of level plus or minus a little bit for a normal quarter is very reasonable to assume with the exception of Q1’s. If I put it that way, we paid the dividend in Q1. So we have less, call it, excess cash to pay down debt. So we have a little less capacity in the first quarter every year. But for other quarters, what we did in Q2, I would say, is not unique. And we should be able to continue something along those lines here going forward.
Operator: There are no further questions in the queue. I’d like to hand the call back to Ted Harris for closing remarks.
Ted Harris: Great. Thanks, Doug. Once again, just thank you all very much for joining the call today. We really appreciate your support as well as your time. And we certainly look forward to reporting out our progress in Q3, 2023 results in October. In the meantime, we will be presenting at a few conferences, the Jefferies Conference in New York City on September 6th, as well as the H.C. Wainwright Conference in New York on September 11th. So hopefully, we’ll see some of you at one of those conferences though. Thank you again for your time today. Appreciate it.
Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.
