Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Tim Ramey - D.A. Davidson.
Tim Ramey - D.A. Davidson
Talked a little bit about reformulating nine products and there’s been some buzz about maybe changing packaging as well. Is there anything that you can comment on packaging changes for the key Formula 1 products?
Michael Johnson
We’re going to give you more insight to that in December and early next year at our 30 anniversary celebration in Orlando Florida. We’re going to rollout a completely repackaged line and that will be a variety of thing delivery systems, different packaging sizes in different packaging look. So we’re going to save some of that for a little while effect a lot of while effect.
Our ongoing upgrade is to reflect, frankly, new science, new technology that’s out there and we are constantly looking at the architecture of these products to upgrade them. We’ve launched two new products this year already. We’re really excited about what is taking place. We just showed the Board eight more new reprogrammed products.
We’re working closely with distributors to make sure that these are well understood and accepted by our distributor base in the market and easy for the consumers to understand. We’re going to market them with two or three key phrases for each and every one of them. New and improved, similar to what you see in a traditional consumer packaged good companies and that’s what you’ll see out of us coming now and in the future.
Tim Ramey - D.A. Davidson
You mentioned your balance sheet is strong which it is and you want to keep it that way. Why not use a little bit more of that capacity for share repurchase? Rich seems to think the stock price is going higher. You disagree or?
Rich Goudis
That’s up to the key ratio of the stock right now, how high we get. It’s now at all being of course supply and demand. We’re going to repurchase shares throughout the year. We’ve got a lot of current facility to do it. We’ve got a $300 million authorized to us and then an additional $50 million in cash. So we’re confident that we’ll be returning money to investors all throughout the year.
Operator
Your next question comes from Doug Lane - Jeffries & Co.
Doug Lane - Jefferies & Co.
Des, you talked about Asia and the daily consumption model but the numbers there are just really terrific and I was wondering if there was something else going on there from a macro perspective that’s driving such strong growth in Asia-Pacific including China.
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