Question-and-Answer Session
Operator
(Operator instructions) And the first question comes from the line of Josh Zable from Natixis Bleichroeder. Please proceed.
Josh Zable – Natixis Bleichroeder
Hi, guys. Congrats on a great quarter here and thanks for taking my question.
Mike Halloran
Thank you.
Sam Westover
Thank you, Joshua.
Josh Zable – Natixis Bleichroeder
Just a couple of quick housekeeping, before I get to the questions Mike, I just wanted to make sure, did you say SG&A for the third and fourth quarter you are looking for what? I am sorry. And then also I think you gave you said $0.03 to $0.05 per share on the third and fourth quarter, I just want to make sure I heard that. So that will be profitable both in the third and fourth quarter?
Sam Westover
Yes, we anticipate being $0.03 to $0.07 per share profitable excluding two factors, one would be the $600,000 we expect in the second quarter for – in the third and fourth quarter for restructuring and the $1.3 million reversal for Australian deferred tax asset, the reserve.
Josh Zable – Natixis Bleichroeder
That is pretty impressive guys, awesome work there. And then just Mike when you get a chance (inaudible) with the SG&A. I know you are looking through it, so just when you get a chance. I will ask my other question here.
Mike Halloran
I will do.
Josh Zable – Natixis Bleichroeder
Just in general on the market growth here, I mean, you guys actually grew by around 5% in North America, I know, typically market growth is 5% to 6%. Obviously you always want to grow faster than market, but are we seeing any sort of pick up in the market or is the market kind of slowed down and you guys are taking share? Can you just give us a little bit of color what you are seeing out there in general market trends?
Mike Halloran
Sure. The market in North America is still soft. The – actually the industry numbers excluding the VA show it is shrinking a little bit. So, we are very pleased we have been able to show growth in a pretty tough environment. And it is not unlike other retail activities in North America. So, it is a difficult environment. Now in the rest of the world, it is a little bit different because the economies are a little bit better and there is also the government subsidies of hearing aids there. So, in some markets you can get a free hearing aid. So, it doesn’t really matter if the market is soft, but in the US there is no reimbursement. So, it is a fee for service environment.
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