Steven Hislop: Yes. No, we consider that. I have that in that local store marketing fund that we do and that’s part of the and those are continuing. We do have quite a bit of outdoor and a lot of local store initiatives that we always will do from a local store profile.
Operator: [Operator Instructions]. Our next question comes from Chris O’Cull with Stifel.
Christopher O’Cull: My question relates to development. Just given the company’s strong performance and sizable cash position, why not try to accelerate unit growth in ’24 beyond just a handful of locations.
Jon Howie: Well, I mean we’re going to grow as fast as deemed reasonable given the environment. I mean right now, it’s not a matter of finding sites, it’s a matter of getting those sites open with the permitting and things like that. So if we can — right now, we’re saying that we’d also like some of the costs to come down a little bit. But that’s kind of where we’re looking right now until we see kind of the construction and the permitting and some of that stuff to turn around a little bit.
Steven Hislop: Yes, maybe some relief in those areas.
Christopher O’Cull: I know you guys have struggled with openings in certain markets like Chicago and Denver. So I’m just wondering how those experiences are shaping your development plans over the next couple of years.
Jon Howie: Well, I think that’s why we’re looking at kind of the 5 to 7 and focusing on those states, Chris, because as we focus on those states, I think we’re getting better brand recognition in some of the other states that we’re in [indiscernible] period of 3 to 5 years. But those states we’re currently focusing in on have high AUVs, great brand recognition. And quite honestly, they’re very favorable from a business standpoint, from a margin standpoint. So those are the states we’re focusing on in the next 3 to 5 years.
Christopher O’Cull: Is the strategy to be more — follow more of a contiguous market going from markets in close proximity because you just need that brand awareness as you go into newer markets?
Jon Howie: I think so. And I think if you go back to — I hate to bring up 2013, but we kind of jumped into a lot of new markets. So we’ll take that more slowly, I guess, when we start branching into new markets and not all at once in 1 year. So we’ll continue to open in these states that we have high brand recognition and contiguously next to that state opening some of the new ones.
Steven Hislop: And that’s over the next — and the states that we’re talking about was our growth over the next 5 years and a little bit beyond. So plenty of room.
Christopher O’Cull: Okay. And I apologize if I missed it, but Jon, did you comment on just the cash position of the company and what you guys are maybe considering for deploying that cash or returning to shareholders maybe more aggressively?
Jon Howie: Yes. I mean we continue to want to be somewhat opportunistic in buying back the stock, but we did buy back $3 million this quarter. We still have about $82 million to $83 million on the balance sheet, and then continue obviously opening stores. But we’d like to get a little more aggressive in buying that stock back. But again, we want to be somewhat opportunistic in that as well.
Operator: There are no further questions at this time. I’ll now hand the floor over to Steve Hislop for closing remarks.
Steven Hislop: Thank you so much. Jon and I appreciate your continued interest in Chuy’s and are available to answer any and all questions. Again, thank you, and have a good evening.
Operator: Thank you. This concludes today’s conference. All parties may disconnect. Have a great evening.
