Absolutely, within the works.
Richard Jaffe – Stifel Nicolaus
So, should we expect inventories to decline less in the second, third, fourth quarter?
Trudy F. Sullivan
You can expect that we will try and determine if it was a proven winner and if we have not already done that in the first quarter.
Richard Jaffe – Stifel Nicolaus
And the change in payable?
Michael Scarpa
There wasn’t a dramatic change in payables from year end to the end of Q1.
Richard Jaffe – Stifel Nicolaus
I am looking year-over-year May to May.
Michael Scarpa
Yes dramatic increase. We are managing payables in a little different manner as we watch our cash and liquidity as we go forward.
Richard Jaffe – Stifel Nicolaus
Can you just describe that difference more a little bit or give it a sense of what you are doing?
Michael Scarpa
We are watching payables, we are watching how we pay our bills and we are also looking at different vendor terms year-on-year that we had at the end of May last year compared to where we are this year.
Richard Jaffe – Stifel Nicolaus
Are you achieving dating from your suppliers, is that what we should attribute that to? Is that the biggest…?
Michael Scarpa |