Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from Daniel Owczarski with Avondale Partners. Your line is open.
Julie Winter
Dan?
Walt Rosebrough
Sounds like we may have a technical glitch, operator.
Operator
One moment, please. It looks like we have a question from Greg Halter with Great Lakes Review. Your line is open, sir.
Greg Halter – Great Lakes Review
Hello. I am on if you can hear me.
Walt Rosebrough
Good morning, Greg.
Greg Halter – Great Lakes Review
Good morning. Let me see, where should I start here? Regarding Isomedix facility, when was that sold during the quarter? I guess why was it sold?
Walt Rosebrough
The transaction date was September 29th. So it was near the – actually at the end of the second quarter.
Greg Halter – Great Lakes Review
Okay. And you mentioned the gain of I think $2.1 million in operating income as a benefit to the segment. Is that included in the overall income statement in SG&A or cost of goods sold or elsewhere?
Michael Tokich
It is actually as part of SG&A. It's a $2.1 million was recorded as a benefit that offset SG&A expenses for the quarter.
Greg Halter – Great Lakes Review
Okay. And your share count from quarter-to-quarter I think increased by about 800,000 shares, yet you bought about a million shares through October 29. Just wondered if you could provide some comment on why the share count went up and where you stand currently on the share count.
Michael Tokich
We actually have seen a slight increase basically because of the number of options being exercised at the higher level prices of approximately $37, $38 during the quarter.
Greg Halter – Great Lakes Review
Okay.
Michael Tokich
Right now, we stand roughly about 60 million shares outstanding from a diluted standpoint.
Greg Halter – Great Lakes Review
And that includes the buyback through October 29?
Michael Tokich
Correct.
Greg Halter – Great Lakes Review
Okay. And I know you made some comments about the dollar with strength being beneficial to the company. How much assistance did that provide in the quarter and how much would you expect going forward if we stay at around 130 on the euro?
Michael Tokich
For the quarter, FX helped our revenue growth by approximately $2 million. And actually from an operating income standpoint, we had a slight positive impact of approximately $600,000. But if you look at the full year – if you look at the first half, our revenues were favorably impacted by $5.9 million, but we did see negative operating income impact of $2.5 million. So even though the dollar did strengthen in the second quarter, it was not enough to offset the weakness in the first quarter.
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