Question-and-Answer Session
Operator
(Operator Instructions). We will pause for just a moment to compile the Q&A roster. Our first question comes from Charlie Strauzer with CJS Securities.
Charlie Strauzer - CJS Securities
Miles, you've given a lot of information there. So, I am hoping that if there is time to go through and calculate all of the information you give out, something you could maybe just fill it down to some very simple numbers. If you kind of back out all of the one time items and various imaginations, what would have been kind of the bottom line number if you could help me because still without with a normalized tax rate, things like that.
Miles McHugh
We can start with the $0.54 per diluted share. The contract transition fee was about $0.04 and then the items below EBIT including the tax rate added about $0.02 a share from the difference and then, so there you got $0.06, so you are at $0.48 there and then there is about, if you take the incentive compensation and all the other one ups and group them together you got about another penny, so you are at about $0.47 if you back out those items. So really that kind of helps, it should.
Charlie Strauzer - CJS Securities
Definitely does. And then looking at the Q4 guidance of operating margins being lower and now historically simply you have lower margin work in Q4, when you kind of look at the trends there, is there anything that could have impact that margin one way or the other, if you see incremental or the lower volumes on [card] the right there?
Miles McHugh
Well, we've talked about our decremental margin on differences in the revenues so we still think that probably the best gauge of how to measure the bottom-line impact for any changes in sales.
Tom Quinlan
Charlie I'd also add to that, we are seeing stabilization as we talked about in the top line in some of our products obviously other products are still not stabilizing, a lot of our publishers are going ahead and putting on the magazine side you have seen some of the actions that have been taken by the couple of the magazine publishers so. There is still some uncertainty out there with certain products but other products I would tell you we are starting to see the word that's been used I think this entire quarter of stabilization.
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