Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Jessy Hayem of TD Securities.
Jessy Hayem – TD Securities
Thank you. Good morning. First question is on the manufacturing down-time that [you have] taken in the second quarter. How many weeks was that? And was the impact as expected, about $0.03 to $0.035 to earnings?
Glenn J. Chamandy
We took about five extra days against our original plan in the quarter and we’ve taken a little extra time during the shut-down in April, which is a planned shut-down during Easter, so we took another six days in the April, which is Q3, basically, so far. And the weekly cost to us after closer analyzing the situation now that it’s become a reality, is closer to $0.025 to $0.03 per week of shut-down.
Jessy Hayem – TD Securities
Okay, sorry, just to make sure I am clear, Glenn, you said five days in total in the second quarter, right?
Glenn J. Chamandy
Second quarter, yeah, and then other than the normal Easter shut-down, we took an extra six days so far in April.
Jessy Hayem – TD Securities
Okay, great. And then -- and I suppose I guess the $0.025 sensitivity would hold for the coming weeks or --
Glenn J. Chamandy
$0.03 is a good working number in terms of weekly shutdown costs.
Jessy Hayem – TD Securities
Okay, great. My second question is on -- I’m just a little surprised to see still $12.5 million in accounts receivable outstanding with Broder, seeing that you had -- you mentioned tightening shipments in the quarter. How many days were these particular receivables outstanding? And can you also comment on the health of the total outstanding receivables? How much of that $176 million you have is over 60 days?
Laurence G. Sellyn
Broder’s current with its receivables at the end of the quarter, so the receivables that are on our balance sheet at the end of the quarter reflect new sales as the previous receivables were fulfilled.
Glenn J. Chamandy
Yeah, and then the receivable number is -- the days outstanding is a little bit higher due to a small dating program of basic t-shirts in the quarter to support the inventory we thought we needed in the channel, and that number should work itself out and be back to normal at the end of this quarter.
Jessy Hayem – TD Securities
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