Question-and-Answer Session
Operator
(Operator's instruction) Your first question comes from the line of Karen Short - FBR Capital Markets.
Karen Short - FBR Capital Markets
A couple of questions for you. I mean it seems that the consumers in the department stores were probably frozen a little bit as of December 31. So I know you gave comments on your order bulk but I am wondering if you could maybe give a little more color on what your order book is looking like as of today given to successful, apparently successful trade shows and then I have a follow up.
Michael F. Buckely
Well I think as we mentioned in the script. What we are seeing is the department stores as well as the boutiques waiting a little bit longer to place their commitments although quite frankly from the trade show they see the product, they were clearly very excited about the new product that we are doing but we will start to see that kind of paper until maybe the next few weeks they are going to the next quarter.
Karen Short - FBR Capital Markets
Okay and then I am wondering if you could comment on the stock sales that hit the tape just after you guys have reported.
Peter F. Collins
Karen, those were just related to shares that were tied to our performance this year and that is actually, there is a footnote in the form quarters document that there is a shares that were being withheld to pay taxes on the shares invested. So remember the way that it works is when the Company awards restricted stock to management, the SEC rules required that we present the entire amount as being part of the holdings that each of us has and then when the share is best, we do a net issuance. The amount that is withheld to pay the income taxes is treated as the reduction of the outstanding amounts that we hold even though it is really just tax withholding.
So that is the same way with the form fours you saw from Michael and Jeff that we filed last month.
Karen Short - FBR Capital Markets
Okay and just to clarify, you made a comment about the cadence of sales and earnings by quarter in 2009. Were you saying that sales if you look at 2008 as a pattern, sales in each quarter as a percent of the full year and earnings for each quarter as a percent of full year earnings should be similar in 2009 or was it just a comment related to sales? Can you just clarify?
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