Zach Rodenbough – Sidoti & Company, LLC
Okay
Vincent Mattera – President
We have a new management team there. They have really done a fantastic job stabilizing the business, building confidence in the customer, doing all the right things to position us for this year and for the long-term. I would say, the – compared to the last quarter, if that’s what you like to compare it to, it’s right in there. It’s – they’re just doing a fine job.On laser enterprise, likewise, I would say the new management team there have the same determination for delivering value. They have created a plan, they’re sticking to it, and we saw a real good performance from them in the quarter.
Zach Rodenbough – Sidoti & Company, LLC
Okay, ok. And then my last question for now is, kind of, where do you expect R&D to go as a percent of revenue, the last few quarters have been up around 7%, is that kind of the new normal with these new businesses, or are you expecting that to eventually go back down to the 45% range?
Marry Jane Raymond- Chief Financial Officer: So I think, first of all, we’re still at about the same rate that you say, I think, that will be the rate for the year. I don’t know that it will trail down to where it was before with, significantly out of capability. But I will say that, we continue to be very, very focused on ensuring the yield out of the engineering, both resources in terms of people as well as money that we put into it.
Vincent Mattera – President
I agree, Mary Jane, I would add that our Chief Technical Officer has a process in place. And one of the things that we will do, I agree that I think that the spending as a percentage of sales will stay in that range. But we will be less patient about the opportunities that we have in front of us. We have a – an ability to be able to make changes in our R&D investment in certain areas, where we see opportunities – new found opportunities that we want to go after.So, I think, there may be some reallocation and refocusing, but overall as a percentage of sales, I think, we’re, like, we’re in the model.
Zach Rodenbough – Sidoti & Company, LLC
okay. And then just finally following on that, where – is very genuinely, where is that focused on right now for that R&D spending, I guess price segment or product offering, what you guys are really focusing on, if you can speak to that?
Francis Kramer – Chairman
Yes, sure, I can give you some sense for it. I would say, the optical communications group inside the company is the group whose value proposition depends on that investment and delivering on it more than any in the short-term and over the long haul. So I would say, in the segment, may be 40%, 40%, 50% of the R&D investment and then maybe roughly equally divided across the other two segments.
Zach Rodenbough – Sidoti & Company, LLC
Okay. That’s all I have for now. Thank you very much.
Mary Jane Raymond – Chief Financial Officer
Sure.
Operator
Thank you. And with no further questions in the queue, I would like to turn the call over to Mary Jane Raymond for any closing remarks.
Mary Jane Raymond – Chief Financial Officer
Okay. Well, first of all, we would like to thank you very much for joining us for the Q&A today. And this call will be recorded and we would like to wish you all a good day and safe in the snow.Thank you.
Operator
Ladies and gentlemen, thank you for participating in today’s conference. This does conclude the program. You may all disconnect. Have a good day, everyone.
