Neely Tamminga - Piper Jaffray

Great good morning, just a very specific question here for Ed; the 400 basis point decline we saw in gross margin, you mentioned through some of the components there, but how much of Q3’s gross margin decline actually counts for markdown accruals yet to be realized in Q4. Maybe said another way utilizing a retail method of accounting, have you adjusted some of the value of your flows of inventory because of the promotional environment etc in Q3 to anticipate trends in Q4.

Ed Larsen

Certainly, certainly.

Neely Tamminga - Piper Jaffray

Did you quantify that, though?

Ed Larsen

It’s just over 100 basis points probably.

Neely Tamminga - Piper Jaffray

Thank you.

Operator

Your next question comes from Adrienne Tennant with FBR.

Adrienne Tennant – Friedman Billings Ramsey

Good morning and my congratulations on the progress and the merchandize.

Trudy Sullivan

Thank you.

Adrienne Tennant – Friedman Billings Ramsey

My question is on the committed lines, so also congratulations on those; are there any changes in terms and then what are the expiration dates on those, and then just secondly if I could, to the extent that you have a dividend, why in this type of environment when we are looking at such intense cash preservation would you not consider cutting that or doing away with it altogether. Thanks.

Trudy Sullivan

Adrianne, we’re going to discuss the terms of the committed lines and your second point on the dividend, our board looks at that dividend every single quarter and takes the prudent decision at that time. So of course it will be among a number of things that the board would consider.