Erik Woodring: Yes, totally clear. That’s really helpful, guys. Thanks. And then maybe, Eddie, my second question for you is, if we just look or if we just assume that revenue in fiscal €˜23 kind of on a quarterly basis grows in line with normal seasonality, it would get you to about $1.5 billion of revenue. Obviously, you are guiding to something higher than that. And so any dynamics you can share around seasonality that might look different than past years, and/or does this imply that there is revenue that maybe you weren’t able to capture in the last few years because of shortages, that was deferred or not deferred in an accounting stance, but just deferred to the future that you might be able to capture in fiscal €˜23? And that’s it for me. Thanks guys.
Eddie Lazarus: Well, I think it’s very, very tough to look back and think through a seasonality curve because we were so supply constrained over the last year. We couldn’t promote it all. And so it’s kind of distorted the way we see things. I can just tell you what the building blocks of our plan are, and we think that they are rock solid. As Patrick said, we took a very sober view of what the baseline should be, which is we took the last four months of run rate as the baseline. And that was, of course, a diminished level from the kind of revenues that we were seeing earlier. And then we look at what our NPIs, our new product introductions were going to be for this year. We don’t talk about a roadmap, but I will just say that they are very exciting.
And then we looked at the fact that we are in stock and we can promote. And then we also do a tops-down view where we look at what we expect new household and registration growth to be and do a calculation based on that. And when we did the bottoms up and when we did the tops down, they really call a last rate around the guidance plan that you are seeing from us. So, we are not sure that looking back over last year’s seasonal curve is really the right baseline. We think we took the right measurements.
Erik Woodring: Okay. I appreciate the color guys. Thanks so much.
Patrick Spence: Thanks Erik.
Operator: Your next question comes from the line of Brent Thill of Jefferies.
Brent Thill: Thanks. Patrick, most economists are kind of predicting things get a little worse before they get better. So, when you are assuming kind of the baseline of what we are seeing right now, I guess why not bake in a little more conservatism based on what’s happening across many of the different sectors. Can you give us your thoughts on your perspective on that?
Patrick Spence: We are not economists, Brent. And I have been at this 25 years. And I think at this point, I am not going to guess at where that economy goes, but I can look at like kind of where things are today and kind of what we have seen. And we took into account a step down that happened in June, kind of what we have seen stabilized. And then we obviously take input from the channel, and we think about the product roadmap and everything that’s happening. But right now, we feel it’s most prudent to be able to plan. It’s why we have got a little bit of a wider range, as Eddie mentioned in terms of going through it, and we will adjust if we need to as we go through this. But I certainly feel like it’s prudent where we are today.
