Question-and-Answer Session
Operator
(Operator Instructions) Your first question is coming from Jeff Silber of BMO Capital Markets.
Jeff Silber - BMO Capital Markets
I just wanted to get some color on the TK Engineering acquisition; first of all, that acquisition has it closed as yet?
Mark Kerschner
Yes, it has.
Jeff Silber - BMO Capital Markets
Okay, so is that included in your guidance?
Mark Kerschner
Yes, it is.
Jeff Silber - BMO Capital Markets
Okay, so just kind of quantify that and I know you’ve been a little bit reluctant to, but the 300 engineers that you’ve had, how many engineers did you have in the aerospace engineering business?
Mark Kerschner
Around 600?
Jeff Silber - BMO Capital Markets
Okay so we’ve added about 50 capacity more or less?
Mark Kerschner
Yes.
Jeff Silber - BMO Capital Markets
Okay, and in terms of comparing those folks, the folks that you had already, it’s the same kind of business model as the time and materials model?
Mark Kerschner
Yes it is.
Jeff Silber - BMO Capital Markets
And are the billing rates or margins dramatically different from what you have in aerospace?
Mark Kerschner
No they are pretty comparable.
Jeff Silber - BMO Capital Markets
Okay, alright that’s helpful, I appreciate that. Just a couple of numbers and questions and I’ll let somebody else jump on. In terms of your share repurchase, what’s left in the reauthorization?
Mark Kerschner
$48 point something million?
Jeff Silber - BMO Capital Markets
I’m sorry that’s $48 point something million dollars, right?
Mark Kerschner
Yes, correct dollars.
Jeff Silber - BMO Capital Markets
You mentioned the tax guidance when do you think you’ll be getting the tax credit; is that in the third quarter or fourth quarter?
Mark Kerschner
At this time we’d anticipate it coming through in the third quarter.
Jeff Silber - BMO Capital Markets
Okay, so we’ll build that into our model accordingly; and then stock based compensation in the quarter what was that?
Mark Kerschner
It was $965,000.
Jeff Silber - BMO Capital Markets
Okay great and then one final one; I don’t know if missed this last quarter, but it looks like you restated or reclassified engineering solutions and IP solutions, was that something you just did this past quarter in terms of classifications?
Mark Kerschner
No, we didn’t do anything with them this quarter we did that earlier.
Operator
Thank you our next question is coming from Bill Sutherland of Boenning & Scattergoods.
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