Mike McLamb: Yeah. Actually that’s a really good question. Our guidance assumes inventories do build seasonally, like they historically did from now into March and then, begin to drop in June. The question is to how much do they drop is a little unique this year, because we’re still so lean on a lot of different boat and models, right.
Brett McGill: Yeah, I was going to comment. I wish it was just flat line answer like that, but we have models that we won’t even have any inventory of certain models and even of some brands where we won’t have much inventory and then others where we have some. So it’s still — I would say in a couple of cases we have enough boats right now. And it’ll build maybe a little. In a couple of cases we’re way short.
Eric Wold: Helpful. And then just a follow-up question, maybe the comment earlier that the higher-end customer the premium products kind of providing some insulation. But obviously there’s not as many boats and any one kind of that price point and the inventory is still a little lean there. Are you seeing anything that’s showing some of that softness in demand that’s kind of hitting the industry on the lower-end is creeping up at all in terms of the middle to higher-end buyer, or is that just tough to gauge, or one if you are — if you’re not or two is it something age because of the inventory situation?
Brett McGill: Yeah. Eric that’s a great question, it’s actually what I’m trying to look at kind of in the last quarter. And it really — yes, we saw it creep up into that kind of come up from where it was let’s say three months ago. But I think it’s really seasonally-related. Since we have stores all over the country you can kind of connect those dots. So it appears that I’ll call it, softening in this last quarter in that a little higher segment than the low-end I think is seasonally-related, but we’ll see, how these show go and how the spring comes together.
: Got it. Thank you, Brett. Appreciate it.
Brett McGill: Thanks, Eric.
Operator: Thank you. Our next question comes from the line of David MacGregor with Longbow Research. Please proceed with your question.
David MacGregor: Yes. Good morning, everyone.
Brett McGill: Hi, David.
David MacGregor: Mike, you guys have been very active on M&A over the last few years. And I guess I’d like to get your thoughts in terms of how you’re thinking about how much capacity you have, from a balance sheet standpoint for continuing to acquire?
Mike McLamb: Good question, David. I’ll comment and if Brett wants to chime in he can too. But we’re — our balance sheet has always been a great resource and asset for us and it still is today. Our debt to EBITDA is less than 1 times. The company has flown strong cash. We are in discussions with various different organizations. Where we can find great companies, with great management teams that can help drive future earnings and cash flow and growth for the company, we’re certainly still interested in those. And we believe we have the financial wherewithal to grow accordingly. So…
Brett McGill: We continue to stay focused on — as opportunities come in front of us obviously, a little more prioritization is going to be in play and some timing and things like that.
