Tom McGeehan: Yes. Regarding your tangible book value per share question, I didn’t compute the exact value before I came on this call, but we don’t have much in the way of goodwill or intangibles on our balance sheet. Round numbers, we have $649 million of equity. Our goodwill and intangibles are only $19 million. Which round numbers, that’s about a $1.50 per share. So goodwill and intangibles are really not that big of a drag on our overall book value.
Operator: Our next question comes from the line of Ross Haberman with RLH Investments. Please go ahead.
Ross Haberman: Thanks for taking the call again. In terms of the corporate and overhead expenses, could you tell us how much of the $23 million and $23.4 [ph] million would you say is non-recurring or less recurring, maybe related to your merger negotiations and whatever light you might be able to shed on why that did not or why that fell apart? Thank you.
Tom McGeehan: Okay. On a normal year, we would expect our corporate expenses to be $18 million to $20 million. Nothing fell apart. In the last two years, our corporate expenses have been in that low $20-some million range. A year ago, we in 2022, we sold our farm business and incurred expenses for that. This year, early in the year, we had some restructuring charges. And really, most of what you’re seeing this year is onetime charges as we reposition the business to move ahead.
Jay Brown: In terms of falling apart. I’m assuming you were asking a question why we didn’t complete any kind of a transaction. And the reality is very simple. We did not achieve a price indication that matched our expectation of what we thought was the right decision for our shareholders. With a shareholder that owns over 40% of the stock, that’s a fairly easy decision process of if we meet a number that Saul Fox and Fox Paine feel is acceptable, we of course, would then go and engage in a transaction. But we have not yet achieved that.
Ross Haberman: Thank you for that.
Operator: [Operator Instructions] We do have a question from Michael O’Brien. He asks, are you searching for a new CFO?
Jay Brown: The answer to that is no. Tom and I have been discussing for the past six months, the timing of what would be the right time for him to make the transition from being our CFO to becoming a Board member. We are extremely fortunate to have Brian Reilly [ph], who has been a senior member, the senior member underneath Tom and our finance department for the last 18 years and who will be taking on the role of CFO on April 1. So that is not going to involve an external search at this point, obviously, since we are very happy to have an internal candidate to take on that role.
Operator: This concludes today’s question-and-answer session. I would now like to turn the call over to Steve Ries for closing remarks.
Steve Ries: Thank you again, Mandeep. Once again, if you have questions, you may reach out to me, and we look forward of speaking with you in the next quarter.
Operator: This concludes today’s call. You may now disconnect.
