Rob Ottenstein: Terrific. Thank you very much.
Mark LaVigne: Thanks, Robert.
John Drabik: Thanks, Robert.
Operator: The next question is from William Reuter with Bank of America. Please go ahead.
Unidentified Participant: Hi. This is (ph) on for Bill. Thanks for taking our questions. So first, I know you touched on some of the value share increase is in the quarter, but are you seeing any signs of trade down to private label?
Mark LaVigne: We are not. Private label, particularly in the battery category is basically flat. You’re seeing some increases in international markets, but as of now private label is just staying consistently flat in the reporting periods we’ve seen thus far.
Unidentified Participant: Got it. And I know that reduction is your primary focus, but is there any potential for M&A? And if you could share your expectation for debt reduction for the year if you have one?
Mark LaVigne: I think with our stated priority of debt pay down, I mean, M&A would be on the side line. I mean, I think, it’s very difficult to speak in absolutes with something like M&A, but with our stated priorities and our point of emphasis of paying down debt, M&A would certainly be a secondary consideration right now for the business.
John Drabik: And we’re looking to pay down around a half a turn from the beginning of the year and that’s both through debt pay down and earnings growth.
Unidentified Participant: Great. Thank you very much.
Mark LaVigne: Thanks.
Operator: The next question is from Carla Casella from JPMorgan. Please go ahead.
Carla Casella: Hi, thank you. Did you say which of the — how much of the debt paydown was bonds versus term loan? And in each of the quarters that you just bought buybacks?
John Drabik: Yes. In the first quarter, it was about half and half bonds versus term loan. And then when we paid down, it was all term loan to start second quarter.
Carla Casella: Okay, great. And then you mentioned about this quarter, there were some timing differences in the brand support. And I’m wondering as you go into spring, summer and next holiday, if we should think of any — is there any change in your cadence of brand support? Or is — and is that dictated by kind of what’s going on with the retailer? Is that something you can set month in advance? Meaning was it a surprise change?
John Drabik: No, it wasn’t a surprise. Last quarter, we had talked about shifting some of this into the holiday season, that’s why you saw it higher. I think in, general, our biggest quarters are going to be first quarter and third quarter, because you’ve got the holiday for battery and then you’ve got the summer for the auto care. So I would expect as we talked about 5% to 6% for the full-year, but you’re going to spike in the first and third quarter, you’ll be the lowest in the second and you’ll be also lower in the fourth.
Carla Casella: Okay, great. And then could you give a little more clarity, you mentioned about some cost, you made some comments on the cost and you called a material ocean freight. Can you just talk about any more color you can give there? And is it still inflationary and when we should see the cost come down and how much of that is because what you’ve locked in versus just where the markets are?
