Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from Liam Burke – Janney Montgomery Scott.
Liam Burke – Janney Montgomery Scott
Garry, Southeast Asia, Asia Pacific rather was down both in the quarter and the year. If I took out, how did China do within those results?
Garry Ridge
China had a tough year. It started just before the Chinese New Year last year when manufacturing went down. I don’t think it’s in any way a long term issue. We’ve seen China start to come back again now, so overall we grew the year before 65% or something there about so it was a big comp to come round in this condition. So I’m comfortable with where we are and I think we’ll start to see China circle round.
Liam Burke – Janney Montgomery Scott
On Blue Works, is the performance or the sales, do you expect to be more of a second half event or would you see something sooner, earlier in 2010.
Garry Ridge
We don’t start to ship until November, early December, so there’s virtually nothing in this first quarter.
Liam Burke – Janney Montgomery Scott
Jay, I know with a lot of activities overseas, the tax rate tends to jump around. Is there any tax rate that we can sort of estimate for 2010?
Jay Rembolt
As I look forward, I think we are looking and projecting at around 34.5%.
Operator
Your next question comes from Jeffrey Zekauskas – J.P. Morgan, Chase.
Jeffrey Zekauskas – J.P. Morgan, Chase
The impairment charge of $3.95 million pre tax, what was that after tax? Did you pay any book taxes or were there book taxes allocated to that?
Jay Rembolt
Yes. We got a full tax benefit for that. That is the book charge and net of our tax rate gets us to a net number less than that which we didn’t break out separately.
Jeffrey Zekauskas – J.P. Morgan, Chase
That’s what I’m asking about, what that number is.
Jay Rembolt
We didn’t break it out.
Jeffrey Zekauskas – J.P. Morgan, Chase
So we don’t know the after tax effect of the $3.95 million charge?
Jay Rembolt
We hadn’t specifically broken it out, but it’s easy math on our average tax rate.
Jeffrey Zekauskas – J.P. Morgan, Chase
In your revenue projections for next year when you do your earnings guidance, what do you include for Blue Works?
Garry Ridge
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