Question-and-Answer Session
Operator
[Operator instructions]. And we’ll take our first question from Dax Vlassis, Gates Capital Management.
Dax Vlassis
Yes. I’m just wondering on these auction rate securities, the loss reserve was that in this quarter and if so -- was that taken in this quarter and if so where was that in the income statement?
Cynthia Lucchese
It’s actually reflected in the equity section it’s just a reserve and it was taken this quarter 3%.
Dax Vlassis
So, it didn’t fall through the income statement?
Cynthia Lucchese
No, it did not and Dax let me correct that we took that last quarter, this is the same 3% that we actually reflected last quarter.
Dax Vlassis
Okay.
Cynthia Lucchese
So, we’ve not changed that.
Dax Vlassis
As any other auction rate securities that you hold been subject to some of the settlements we’re reading about in the paper?
Cynthia Lucchese
They have not yet -- they however about $30 million of our auction securities are with UBS and you may have read their announcement yesterday that they plan to redeem those securities for everyone which would include, I believe it’s in June of 2010.
Dax Vlassis
Okay. And your CapEx is running below what I think you thought expectations would be, where do you think it will end up this year?
Cynthia Lucchese
Yeah, expectations wise we’ve started with somewhere around $17 million and we think by the time of the year it’s about maybe $10 million to $12 million.
Dax Vlassis
Okay. And then did you reduce your tax rate estimate for this year and if so what’s the ongoing tax rate of the company?
Cynthia Lucchese
We did not change our tax rate guidance, in terms of ongoing remember this year in Q2 we had the unusual situation with our separation expenses were a number of those were not deductible so we had an unusually high rate in Q2. I would tell you as we planning forward we of course having given guidance, but I think the way you see in this quarter as much more reflective or something you’re to anticipate going forward.
Dax Vlassis
Okay. And then finally the Forethought operating income in the quarter where would you expect that to be for the fourth quarter, for the full year it seem like a pretty big number in the third quarter. I guess that includes operating income – I guess that includes interest income as well?
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