Robert Humphreys: A little over a million dollars. It depends on what locations and where are the fabrics coming from and if we are taking production out of our textile facility as well. But in a round number, it is about 1.1 million per week of unscheduled downtime.
James Wilen: And do you have any scheduled downtime for this first quarter? For the second quarter, excuse me.
Robert Humphreys: Second fiscal quarter. Yes, we do.
James Wilen: Okay. As much as you took last quarter or not ready to comment on that?
Robert Humphreys: No, it will be less than that. But we continued to look at a lot of ways to manage our inventory and, we will continue to do that and look at the least disruptive way to get our inventory balanced with unit demand.
James Wilen: Okay and inventory’s excluding Salt Life because you obviously have a bunch more stores, you need a bunch more in the stores. Were units – how were units excluding Salt Life on inventory?
Nancy Bubanich: Compared to prior year or compared to September?
James Wilen: Yes. Compared to September it would be better.
Nancy Bubanich: Compared to September, primarily the Delta Direct units were up. Obviously, like you said, the Salt Life retail store units were up, but also, as I mentioned, we had more imports come in for the busy Salt Life season. And as well, we have more DTG units because obviously the sales have increased and we are expecting them to increase.
Robert Humphreys: But Nancy, correct me if I’m wrong, inactive wear I believe we were up about 30% from the prior year level of units, which again is dawning and I’m not really comparing this to other companies we compete with, but just other people in the apparel business that I see. I would say we are on the low side of average in unit growth in inventory, which is – now you think about the sophistication, we all thought we had, I don’t know how as an industry, we were so wrong in so many places, and so many people were hoarding inventory or buying more than they needed, and then all of a sudden, the merry-go-round stopped and everybody had too much inventory at every step.
James Wilen: And the inventory is all in finished goods as opposed to raw materials or where does that stand now?
Robert Humphreys: Yes. It is either in finished goods or in process inventory, but the units are counted as finished goods.
James Wilen: Okay. And lastly, on back on Salt Life, the migration of new stores, how many do you expect per quarter or is it all going to come near the Christmas season?
Robert Humphreys: No, actually we got several that we will be opening very quickly. And so, our ones going up the east coast, we have planned those to open for obviously the season, so there is no need to open them, at the end of the season. So, we will have a couple of new stores opening there, we have already opened a couple of new stores this fiscal year, so they will be opening sooner than later.
James Wilen: Okay, Good job. Thanks Bob.
Operator: Thank you. Next question is coming from (Ph), a Private Investor. Your line is now live.
Unidentified Analyst: Yes, good afternoon. You all issued a S3 I think in December, ATL offering it would be pretty brutal to raise money at these stock levels. Is there a way of avoiding that or is that something you think you are going to have to take on in the next six-months or so?
