Richard Galanti : Is that in the Q? Okay. Yes, I can give it to you. Hold on a second. I didn’t realize it’s in the Q, which is not out yet. But what it is, is you’ve got a big increase in interest income and a big increase in FX downside. So of the 50 — I think it was 53 is — $54 million is interest income and the negative $1 million is other, which is a chunk of that’s FX. And then this year, the $42 million — I’m sorry, last year, it was $8 million of interest income and $34 million of other, the biggest piece of other being FX. So that added up to the $42 million. This year, the $53 million is $54 million of interest income and minus 1 of other.
Operator: And we’ll go next now to Kelly Bania of BMO.
Kelly Bania : Richard, I just had one on elasticity and then another follow-up on the big ticket. But in terms of elasticity, any changes — I’m not sure how you measure it or monitor it, but any changes in your members’ response to your actions when you are taking some lower prices here?
Richard Galanti : I think if you asked the buyers overall that there’s a little less elasticity than there used to be on some of the things. Again, now that answer comes from the fact that my comments about big-ticket discretionary items. We’ve put more money behind it and that successfully cleaned up our inventory where we were over in some areas like furniture to some extent. But at the end of the day, I think in a year or two ago, we would have even guessed that could have been a little stronger. But then that gets back to the whole question is the economy — the concerns in the economy impacting big-ticket discretionary items. So yes, I mean, there’s clearly still elasticity. When we do temporary price discounts or even our MVM mailers, we still get good impact from it. Some things, the bigger the ticket, not as much as we used to get.
Kelly Bania : That’s helpful. And then just a follow-up again on the big ticket. What percent of your sales would you say are big ticket, maybe it ebbs and flows with the seasons, but just in general? And do you see that members are pretty broad-based in pulling back meaning across income levels, Executive, Gold Star, et cetera?
Richard Galanti : Well, online, it’s a little over 40. But online is only 9% of our sales. In store, I don’t have it in front of me. 10 would be a good guess. And including that 10, furniture as well. So big — and jewelry, big-ticket discretionary.
Operator: And we’ll go next now to Chris Horvers at JPMorgan.
Christopher Horvers : So following up a little bit there. On the TV side, is it — how much of it is a units down issue versus deflation? And is there any differentiation that you’re seeing between larger and smaller screen size purchases?
Richard Galanti : Yes. Units are actually up. And there’s normal deflation in TV electronics anyway. And — but there is perhaps a little bit of smaller sizes are coming down a little bit. Not everyone wants an 85-inch television but — which is where we over-index to bigger ticket stuff to start with. But we are seeing actual unit sales up.
Christopher Horvers : So units are up with strength — relative strength in smaller sizes?
Richard Galanti : Yes. Yes.
