Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jeff Van Rhee with Craig Hallum Capital.
Jeff Van Rhee – Craig Hallum Capital
A couple of questions. First the interest expense line you touched on at this quarter as a combination of non-cash and cash interest expenses. I guess two questions. One, what is the comparable number for Q3, just so I see the time series correctly, and then secondly, maybe Bud, can you or Brian, can you just give us some sense directionally, June quarter versus March, because we won’t have seen the benefit of the interest rate reduction, you know what we ought to see in the lower interest expense there.
Brian D. Pflug
Q3, Jeff, we also did combine this, so I think the presentation Q3 versus Q4 is comparable and then the cash flow statement of both the quarter and the 10-k, which we will file shortly, you’ll be able to see what that non-cash component is.
Jeff Van Rhee – Craig Hallum Capital
Okay. And then just directionally for the June quarter versus the March quarter.
Brian D. Pflug
Well, we would expect to see a reduction of interest expense now because we have entered into the interest rate swap, which we disclosed. Now we’re going to be moving down a couple of percentage points, at least as of August 1 actually.
Jeff Van Rhee – Craig Hallum Capital
All right. I’m just talking about the June quarter here.
Brian D. Pflug
The June quarter, we would still expect to see it lower just because the LIBOR rates have continued to drop and with GE that was variable. I don’t have a number to shout out to you but you could expect to see it less.
A. Dale Mayo
It would be at about 7.8%. As we were speaking Andy was able to give us that information. He’s been the custodian of this. For the June quarter we expect the average interest rate on the debt to be about 7.8%.
Jeff Van Rhee – Craig Hallum Capital
And then what was the weighted average for this quarter?
Brian D. Pflug
About 8.5%.
Jeff Van Rhee – Craig Hallum Capital
And then, Bud, you touched on EBITDA for just Christie/AIX for the quarter, but it went by pretty quick. What was that number?
Brian D. Pflug
North of $11 million.
Jeff Van Rhee – Craig Hallum Capital
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