Scott Schneeberger: Great. Thanks for that. And Melanie, really nice SG&A efficiencies in second quarter and third quarter. I heard the guidance on fourth quarter that less leverage and the less seasonal activity. But looking ahead to next year, how are you feeling about margin. I know it’s very dependent on what you see on revenue, but how are you feeling on margin on some of these efficiencies you gained? How sustainable will they be into next year? Thanks.
Melanie Hart: Yeah. We are very proud of what we have been able to do on the expense side and it’s a really good indicator of the quality of management and their ability at each individual sales center level to adjust expenses according to the volumes at each location. So as we look forward for next year, we would certainly continue to do that, regardless of whether or not is a significant upswing or just kind of a continued moderating of where we are from a sales standpoint. And so we continue to have work throughout the season, and one of the things that we said earlier on, that we weren’t cutting the base of our expenses, because we wanted to take the opportunity from a volume standpoint and reinvest in our employees in our operational initiatives and our training, and we have been very successful in those things that we wanted to do for this year and so our expectation would be that, that would be a benefit for us as we move forward.
Scott Schneeberger: Thanks.
Operator: Our next question comes from Noah Merkousko with Stephens. Please go ahead.
Noah Merkousko: Good morning and thanks for taking the questions.
Peter Arvan: Good morning.
Noah Merkousko: First — good morning. I know there’s been a lot of discussion about gross margins already, but hopefully, I can squeeze one more in here. I think longer term you have talked about 30% gross margins, and so I guess as we sit here today, is that still the right way to think about it? And you are now — as we look at the medium-term, you are benefiting from early buy for manufacturers plus higher than normal inflation for next year. So could that potentially influence gross margins a little bit higher than that 30% target in the medium-term?
Melanie Hart: Yeah. So thank you for acknowledging that we are still consistently stating that our long-term margins will be — will approximate 30%. When we look at kind of the structural things that made up those margins, we are continuing to benefit from the acquisition-related margins that we did from the Pinch A Penny and Corpus acquisition. And as Pete mentioned in his comments, they are trending overall very well as it relates to kind of compared to the traditional retail market within our industry. We have also seen some benefits from our private label products. That is an area where we would expect to continue to expand as we move forward. We are continuing to add capacity there to serve more of our locations. We have been — had made great strides in what we have done on our procurement and our logistics and so that continues to provide benefits, as well as pricing.
We would say that we are definitely not done from the pricing area. We have some new things that we will talk about when we talk again in February and what we are doing as it relates to pricing. And so really, the only thing this year that will be a little bit out of what we have seen historically is kind of that product mix, particularly as it relates to the building materials. So we are seeing a little bit more of a drag on the new construction on the sell-through of some of those products, which we did talk about that has been a significant growth opportunity for us. So as that normalizes, we would see that, that normalizes as part of our overall longer term margins, and then again, we did also mention the vendor incentives for this year will be less than what they would be in a normalized year.
