Craig Gates: It’s a little bit more of a complicated answer. Vietnam is growing, but it would be growing much faster if we had more critical mass in Vietnam. We missed out on a big deal last quarter not because the customer was unhappy with what we had, but it was the old battle we used to fight when we first started in this deal, in this business, which was, well, I don’t see that you’re doing $100 million here, so I don’t feel comfortable putting my $20 million here. So that’s part of the stumbling block in getting a new site up and running and growing the way it should be growing on paper is there’s a critical mass problem. We do expect one of our larger customers to move a significant portion of their business to Vietnam and that would be the business that they serve Asia with.
We’re not quite done with that discussion, but I would expect that decision to be made probably by the end of June. And that would give us what we think is a required critical mass to make Vietnam be much easier to sell rather than trying to sell it before somebody can look at it and go, oh, I’m already buying into a known thing rather than I’m taking part in a growth of something new.
Bill Dezellem: Craig, how is it that the other contract manufacturers that are starting Greenfield and Vietnam are winning business?
Craig Gates: It seems like that would be a, boy, this massive movement of firms wanting to go to Vietnam is the common problem. So I’m not sure who’s winning what in other Vietnam locations, so I can’t speak to that.
Bill Dezellem: No problem. And then one point of clarification that I think is super obvious, I just want to make sure that I’m not misreading, that your guidance for this quarter of the zero cents of earnings to $0.15 of earnings includes the $1 million to $2.5 million headcount reduction severance, which at the 20% tax rate equates to $0.07 to $0.18. So the zero to $0.15 includes $0.07 to $0.18 of cost. Is that correct?
Craig Gates: Yes.
Bill Dezellem: Okay, great. Thank you. Appreciate the time and letting me come back into queue.
Craig Gates: Yep. And if you’re wondering, if you’re too polite to ask it, but if you’re wondering what the hell these guys can’t do and how come they can’t figure out what the severance cost is, the labor law in Mexico is quite a bit more convoluted or complicated than that here in the states. So it’s an iterative process on determining how many, who, and how much it’ll cost. So we’re not feckless. We’re just working our way through a pretty complex situation.
Operator: This concludes today’s question and answer session. I will now turn the call back to Craig Gates for any additional or closing remarks.
Craig Gates: Okay. Thank you. We appreciate your time and questions. And Brett, Tony, and I look forward to speaking to you again next quarter, for me the last time and for Tony the first time. Bye.
Operator: Thank you for your participation and you may now disconnect.
