Adjusted EPS excluding this settlement was$0.24 and exceeded our guidance of $0.15 to$0.18. This $0.24 adjusted EPS includes $0.04 of income tax benefit primarily related to the extension of the R&D tax credit. Turning to our cash and capital expenditures, our cash flow from operations was $48 million, compared to $22 million for Q2 of last year. Year-to-date, cash flow from operations is $49 million compared to $56 million last year. The difference to the first-half of 2014 is due to, as Chuck said, are accommodating some of our customer’s changes in schedules in the second quarter. We don’t expect this change to be permanent.Importantly, you can see, we recovered the lagging receivables collection noted during Q1. Regarding other cash items, we paid down $24 million of our debt this quarter, bringing our debt level to $212 million.
We purchased $5 million stock – $5 million of stock and about 373,000 shares at an average price of $13.41 a share. Our total share count now is 62,276,212. During the third quarter, we expect to buy $3 million to$4 million of stock, as we continue to focus on paying down the debt. Regarding property and equipment, we spent$10 million in CapEx for the quarter. We expect to spend about $40 million in fiscal year 2015 on capital equipment not including the $13 million we used to purchase the building in Germany in Q1. Our Reclee compensation in the quarter was $2.8 million. For the full year, we expect the stock comp expense to be $12 million to $13 million.
Our effective tax rate was 10.9% due mostly to the R&D tax credit. In addition, most of the income from the settlement was tax exempt. We expect the year’s tax rate to be between 14% and 16%, this range compares to last year’s rate of 16%, which also benefit from the R&D tax credit.Turning to our outlook, the revenue outlook for Q3 is $174 million to $182 million. This compares to $173.6 million in Q3 of FY 2014. Our EPS is expected to range from $0.18 to $0.24 per share, compared to $0.13 per share in Q3 of FY 2014.During Q3, we expect to incur about $900,000 in restructuring costs for the consolidation of some of our Florida operations into California. We also anticipate some unfavorable effects of the Swiss franc movements. Before we turn to questions, let me just let you know that our third quarter earnings release date is slated for Tuesday, April 28, 2015.With that, I’ll turn it over to the operator to open the line for questions.
Operator
Here comes the questions. And our first question comes from the line of Avinash Kant with D.A. Davidson & Company. Your line is now open. Please proceed with your question.
Avinash Kant – D.A. Davidson & Company
Good morning, Fran, Chuck, and Mary Jane.
Marry Jane Raymond- Chief Financial Officer
Hi, Avinash.
Avinash Kant – D.A. Davidson & Company
So a few questions, the first one is that, you talked a little bit about fiber lasers in your presentation also some of the diode sales. Could you give us an idea of what percentage of your overall sales right now are exposed to fiber lasers?
