Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line Joshua Raskin - Barclays Capital.
Joshua Raskin - Barclays Capital
First question, if you can help us out in terms of the cash flow. Seasonally, you mentioned weakest but still obviously well about net income this quarter. I was curious if there were any timing issues there specifically around the unearned premium. It is looks like that might have been affected maybe by state payment. Will that reverse in the second quarter?
Michael Neidorff
Yes. The month of March, we had a couple of states that actually held payments. You will see an increase from the balance sheet on the asset side related to that. So we had two that held their payments to a month later. We had one that prepaid which is causing the change in unearned income. The other thing you will note in the cash flow is in the payables line that significant change and driver of the lower amount and that was driven mostly by the estimated federal income tax payment we made in the month of March related our finalization of ’08 earnings and taxable income.
Joshua Raskin - Barclays Capital
I guess just in terms of as expectations for the second quarter then would you expect the second quarter to be slightly lower on a year-over-year basis than previously expected?
Michael Neidorff
Well, we would expect our second quarter trend to be consistent with prior years and moving upwards in the range of 1.5 times to 2 times net income.
Joshua Raskin - Barclays Capital
Okay, perfect. And then, second question, just do you have for New Jersey the contribution? I know you guys broke it out in terms of just continuing at last quarter but do you have a number of what the contribution was in the first quarter of ’08?
Eric Slusser
Hang on just a second. Yes, it looked surround almost a penny positive contribution.
Joshua Raskin - Barclays Capital
Okay, okay. And then just last question, there is a ton of moving parts and the top line of over 20% obviously is a big number, but just trying to figure out if it is possible to strip out sort of Foster Care and Arizona and maybe South Carolina acquisition, do you guys have what you think sort of the organic? What is the organic rate of growth on revenues in the quarter?
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