Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from [Brad Levington – Keybanc Capital Markets].
[Brad Levington – Keybanc Capital Markets]
I just wanted to clear up a couple of comments made in the beginning Rick. I think you said the same-store sales would have been without the thank you I believe down 1% for the quarter. Is that in total a -1% comp or down 1% to a positive 0.4%?
Susan M. Collyns
No, we’re saying that that would go from 1.4% down to -1%. We’re saying that the bounce-back contributed approximately 2.4%.
[Brad Levington – Keybanc Capital Markets]
Looking at the store closure, just to confirm, that wasn’t a relocation, that was the store that was just actually closed, correct?
Susan M. Collyns
We didn’t actually close it. It’s a store that doesn’t have any early termination kick-out penalty and was opportunistic. It’s a non-cash charge and we decided to take the charge given that we had the positive impact of the FAS 34 interest income coming our way and decided that those two were serendipitously netted off. So it was a happy mathematical coincidence that had one offset the other in fact.
Operator
Our next question comes from Analyst for Matthew Difrisco - Oppenheimer & Co.
Analyst for Matthew Difrisco - Oppenheimer & Co.
Just a clarity on the store closing, I thought I saw in the release that one full-service store was closed?
Susan M. Collyns
Oh yes, right. Good point. You might be getting at Harbor Place. It was a store in Baltimore. It was coming up for its 10-year lease expiration and we decided not to renew that particular store. So you’re exactly correct. That closed on June 29.
Analyst for Matthew Difrisco - Oppenheimer & Co.
And just a question about the capitalizing of the interest expense. That’s one time; kind of a catch up and just one time in the quarter; and going forward it’s more normalized as to how we model it?
Susan M. Collyns
You’re exactly right. It’s a catch up since the company took on debt which is what FAS 34 requires. So it basically takes it back to Q3 last year which is why it was such a big pickup in this quarter. But on a go forward basis it’s a much more nominal pickup, somewhere of maybe $100,000 a quarter compared to our previous interest expense; which actually leads to another good point that’s worth reinforcing for everyone on the call. Where previously we’d spoken about an interest expense number for the year of around $3 million, clearly the pickup in Q2 reduces that significantly to around the $2 million mark, so just bear that in mind.
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