Question-and-Answer Session
Thank you. [Operator Instructions]. And we will go first to Howard Rubel with Jefferies.
Howard A. Rubel - Jefferies
I'm going to ask the obvious question, Wayne, if you do the math on this, it would seem to me that you shouldn't be talking about the high end of your guidance, because the deferred tax benefit reversal kind of pushes you a little bit higher than you would have thought three months ago or in December anyhow? So, shouldn't we really have been looking for even a high number for the full-year?
Wayne C. Pensky - Senior Vice President and Chief Financial Officer
Yes, actually our guidance has always been on the non-GAAP basis, excluding both the pension termination cost and any tax-related adjustments.
Howard A. Rubel – Jefferies
And then just one follow-up, Dave. Even though you said we're... even though you are not going to get ahead of your customer on the 350, could you talk about what kind of couponing you are doing for them and what kind of feedback you're getting?
David E. Berges - Chairman of the Board, Chief Executive Officer
As I told you last summer, we were selling materials for development trials and certification, testing, verification or performance even last year. So we had sales to the A350 last year and will again this year in any case and we're very happy with our materials and hope they are too.
Howard A. Rubel – Jefferies
Just a follow-up on that, R&D spending was down and I know you talked about that a bit in the release. What might we see that for the full-year?
David E. Berges - Chairman of the Board, Chief Executive Officer
We've taken up our sort of base run level for R&D spending in recent years as we tried to develop new materials and improve our carbon fiber, but the big step up last year as we pointed out I think at each call was the certification process for HexMC parts. It's a procedure that we had not gone through in the past because it’s a new product range. So we had this pretty significant step up as we had got? as we participated in getting FAA certification for... on a part by part basis for HexMC parts in our engineered products business. We have now left that year and those parts are for the most part defined and cleared for production. So, I think whatever that increment was, I don't know if we pointed it out last year, it'll be down by that amount, but not as low as what it was two years ago.
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