We expected to make probably $30 million or $40 million tax payment. And we literally — we’d already — I think we’d actually literally are ready to — already approved the payment and then the interpretation came out, which I think might have been the IRS trying to get at least a little bit of relief to the people who are being put out of business by Congress is failure, to be rational. But — so we didn’t pay our — we didn’t have to make that third quarter payment right now. As things stand based on the interpretations that are being agreed by all the gurus, we don’t think we’ll make a tax payment in the fourth quarter. But then we’ll be back. If they don’t fix the extender, we’ll be back to big tax payments next year because that was like this year interpretation.
And if that confused you it is so much more confusing.
Adam Thalhimer: [Indiscernible] excel spreadsheet.
Bill George: [Indiscernible] insane. By the way, there was a Wall Street Journal article within the last week that would bring you up to about a year ago up-to-date to about the problems for about a year ago, but they didn’t even touch on the stuff that’s happened in the last couple of weeks. At some point couple of week times.
Adam Thalhimer: That $30 million to $40 million payment, would that have been for a full year? Are you expecting that every quarter if…
Bill George: That would have been a third quarter payment. And the way the payments work through the course of the year. When you make them sort of 45 days in arrear. So it really wasn’t — yes. It would have just — it would have been a big payment, but that’s not the amount we would pay every quarter on our current earnings. But that’s what a third quarter payment would have looked like if we didn’t have to make it. It might have been 20 or 30, honestly, I don’t know.
Adam Thalhimer: Okay. All right. Well, that’s fine. And then lastly, what does the CapEx drop to once the new facility builds roll off?
Bill George: I would say it goes down by 1/3. It doesn’t go back down to half. So we were in the $30 million range. We’re jumping up to the $60 million range. I think we’ll go back to like $40 million — if I had to guess now, we signed a lease for more space, which is not inconceivable. That’s a discrete event where one of the spaces we’re building out — what the space we’re building out in North Carolina as we’re installing 24 overhead track cranes, like cost $7 million, we have to have them. They make — they’re worth it, they’re fantastic, the robots we put in, they cost, they’re big. They take us a minute to walk past them. So we’re making — but the paybacks on these are like 1 year. So I don’t know, hopefully…
Adam Thalhimer: How much do you pay attention to the core data center demand? Or like what’s going on in that market? I mean I know you’re getting orders hand over fist, but are you also paying attention to what the market is doing?
Bill George: So 1,000 — not just are we paying attention. Our guys are literally in some of the meetings inside some of the big — they’re called out to California to sit in planning meetings. And — yes. So we have guys in our electrical stuff in Texas that are very, very tightly connected. As you might imagine, if you were a hyperscale data center person, you’d have a big incentive to be talking to us as you make decisions and decided what? So we’re definitely — incredibly in connect contact with those people. Now they know what’s going to happen, no, what they believe is going to happen is build, build, build.
Operator: Our next question comes from the line of Eric Crown of Richie Capital Group.
