We also encountered mixed issues, which totaled another $600,000, reduced volume which caused us another $1 million, an [inaudible 00:05:34] costing us about $700,000, and a bankruptcy of a vendor costing us $300,000. We feel the cost structure is now in line with projected 2015 production levels, which will allow us to deliver higher event margins in 2015. I won’t be addressing CIT or food service on this call, other than say they both delivered expected results in the fourth quarter. I want to now open the follow up questions. Jennifer, I would appreciate if you would go ahead and take questions for us please.
Jennifer: At this time if you would like to ask a question, please press start then the number one on your telephone key pad. Again, that is star, then the number one. Your first question is from Ivan Marcuse.
Ivan: Hi guys. Thanks for taking my questions pretty much answer the cost structure. The one thing that if oil stays at the level it is today, what do you expect the [inaudible 00:06:41] end from the raw material cost in the roofing business to be?
David: Ivan, I don’t have a dollar amount in front of me, but it would be very positive. Let’s just put it that way.
Ivan: And then, on to the liquid finish, when do you expect that to close?
David: Yeah, we are hopeful that it will close within the next month or so. But at the offset, I think it’s going to be, probably the latest would be the end of the third quarter. The end of the first quarter, not the third quarter. The end of the first quarter.
Ivan: Okay and then, last question; is there any restructuring cost in CBF that you expect to sort of flow through to impact the first quarter that we [inaudible 00:07:30] or are they pretty much all done now?
David: Now, they are pretty much done. If there would be anything it would be minor.
Ivan: Okay. Great, thanks for taking my questions.
David: You’re welcome.
Jennifer: Your next question is from Kevin Harsbar [inaudible 00:07:46].
Kevin: Hi, good morning guys. I was wondering it sound like you mentioned weather was an impact late in the quarter for CCM, do you think that this has created any pant up demands that could benefit volumes in the first quarter? And have you seen a pickup in demand so far here in the first quarter, I guess, both in the U.S. and in Europe?
David: Yeah. Let me just give you a little flavor of what the third quarter look like. October was a really big month for us. It was double digit growth. November came and was actually negative growth, and then we grew again in December but not at a rate that was equal to what October was. October was just a huge month for us.
I’m not to give you any guides for what December looks like- not December, I’m sorry, but January. But we are still expecting that 2015 is going o be a very good year in the U.S. I think Europe will be sought.
Kevin: Okay. And then can you run through how has these pricing in these products been trending with raw materials the need to come down? And I guess, how sticky is the pricing, if you can give how much do you tell you can, maybe buy product line or just in the segment as a whole?
