Brian Nagel: Appreciate it. Thank you.
Selwyn Joffe: Thank you.
David Lee: Thank you.
Operator: Your next question comes from the line of Bill Dezellem from Tieton Capital Markets. Your line is open.
William Dezellem: Hi. Thank you. Relative to the $17 million of new business that was delayed, did we hear you correctly that, that is now coming back or ramping up here this quarter that has already begun?
Selwyn Joffe: Yes, that has begun, and we’re excited about it, yes, continues to ramp up.
William Dezellem: And what category or categories is that in?
Selwyn Joffe: Yes. It’s a mix, Bill. I mean, predominantly brake-related and electric vehicle, I mean, in general.
William Dezellem: Okay. Thank you. And then next, relative to the delayed orders kind of the $14 million, given that you have price increases that were taking place at the beginning of the fourth quarter, what would cause a customer to delay the shipments? It seems as though they’re just instituting a price increase on themselves by doing that?
Selwyn Joffe: That’s a good point. No question about that. And again, very €“ we just can’t talk about what our customers are doing, unfortunately or fortunately. I mean, it’s just €“ it’s something that’s up to them. This is just so extreme that we felt was appropriate to call out. So I mean, I prefer not to go down that road, but the comments that I can make are, yes, that orders that are coming in now will be at a higher price. And yes, the orders have resumed coming in. And we feel like they have a strong strategy going forward and that we should benefit from it. And we’ll be keeping a close eye on it as it progresses.
William Dezellem: So counter to what one would normally expect to see, which is orders in advance of a price increase, they just ignored that. And it sounds like you did not give them a special deal where they were able to have the old price but a later shipment?
Selwyn Joffe: That is correct.
William Dezellem: Thank you. And by the way, thank you for not giving them a special deal. Also, where are you all at from a back to work in the office, hybrid versus work from home? Where are you at in that whole scheme of things?
Selwyn Joffe: That differs by department. A number of people are back in the office on a full-time basis. Some of the people, more of the analytics and data-driven people are on two days a week mandatory, but many of them come into the office. And so we have flexed schedules by department.
William Dezellem: And are you at all feeling like it may be time to have people in the office more frequently given these external challenges that are coming at you and that may be more quickly and readily addressed if there’s more person-to-person contact?
Selwyn Joffe: Yes. I think that the meetings are extremely effective remote and hybrid as people in and out the office. But I will say, just as COVID settles and as we get through the winter months, I mean, we’d be evaluating a full-time return to the office in the spring and summer.
William Dezellem: And if I may ask one more relative to the vendor finance programs. What progress has been made at finding a solution there?
Selwyn Joffe: Yes, I can’t discuss that unfortunately at this point.
William Dezellem: All right. Well, thank you for the time.
Selwyn Joffe: Thanks, Bill. Appreciate it.
Operator: And there are no further questions at this time. I’d turn the call back over to Selwyn for some final closing comments.
