Question-and-Answer Session
Operator
Thank you very much. (Operator instructions) And our first question comes from Nat Kellogg with Next Generation Equity Research. Please go ahead.
Nat Kellogg – Next Generation Equity Research
Hi, guys. Just a couple of questions. I guess first of all, Scott, welcome and congratulations. We're obviously looking forward to working with you going forward.
Scott Stephens
Thank you.
Nat Kellogg – Next Generation Equity Research
Just a couple of things. You guys -- the Riverdale facility was closed and consolidated into your headquarters during the quarter, correct?
Mike Goldberg
Yes. The -- actually the consolidation took part in the earlier part of the year and we are out of that Riverdale lease now. I think that lease expired at the end of May.
Nat Kellogg – Next Generation Equity Research
Okay. So Q3 will be the first quarter we get a full quarter read on that expense?
Mike Goldberg
Yes.
Nat Kellogg – Next Generation Equity Research
And then, just I guess a little bit on aerospace. I mean, you sort of said you expect it to remain the same. I mean, heat treated, aluminum plated -- I guess that sort of sounds like there is still some excess supply in the channel, but it continues to work its way down. I mean, when do you guys think that things will get more in a balance that you're comfortable with, I guess?
Mike Goldberg
Yes. I think it's -- I think it's a very tough -- it's tougher now to anticipate what may happen than perhaps we thought a year or so back. As everybody knows, there's a lot of kind of -- a lot of discussion in the aerospace business about build rates. But as far as we can see and the intelligence that we've kind of gathered, we see the build rates being maintained. And I don't anticipate that we would see a significant change in the market dynamics through the balance of this year. And I think hopefully we would anticipate that it would firm up in 2009, but very tough -- increasingly tough to see too far out. And I think we would -- we truly believe that the environment that we see now will persist through the balance of this year.
Nat Kellogg – Next Generation Equity Research
Okay. And then, what did you guys say for ERP expenses in the quarter? I'm sorry. I missed that. You were going through kind of quickly.
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