Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Ali Mogharabi - B. Riley and Company.
Ali Mogharabi - B. Riley and Company
Mike, you mentioned that you’re still expecting top and bottom line growth over the next two years to accelerate. Am I to assume that you are expecting acceleration in both top and bottom line? So higher than 10% to 12%?
Michael Sileck
Yeah, I mean over time that is what you would expect.
Ali Mogharabi - B. Riley and Company
Okay. So is it safe to assume 15% to 17%? I mean, can you give us an idea?
Michael Sileck
I don’t think we want to tie into specific number but the reason we’ve given sort of the five year view on the top line and bottom line growth is that so you can average in both the performance beginning in 2006 all the way through 2011 and we think over that period of time we will be able to hit the milestones that we put out there.
Ali Mogharabi - B. Riley and Company
A couple more questions. On the SG&A, where do you see SG&A going forward? I understand the impact of Wrestlemania but wondering given the new international structure that you guys have built, is it safe to assume that quarterly SG&A of around $30 million going forward?
Michael Sileck
I’d say quarterly SG&A, what we saw in the first quarter is reflective of the levels we’ll see throughout the year.
Operator
Your next question comes from Alan Gould - Natexis Bleichroeder, Inc.
Alan Gould - Natexis Bleichroeder, Inc.
First, following up on that SG&A. Wasn’t there some incremental expenditures for Wrestlemania in this first quarter?
Michael Sileck
Most of the incremental Wrestlemania costs, most of them were above the SG&A line, certainly because of the timing of the event being our premiere event. Other costs are generated, some of which hit the SG&A line, but most of the direct costs around Wrestlemania are up in profit contribution.
Alan Gould - Natexis Bleichroeder, Inc.
George, on the tax rate, should we anticipate it stays at the 30% level or goes back to more normalized 35% percent level?
George Barrios
I would say normalized 35% for the year. There were a couple of discrete items in the quarter that lowered it to 30%.
Alan Gould - Natexis Bleichroeder, Inc.
Mike, just a quick question on the ratings. I saw for the first time there seems to be a little bit of a slippage in the TV ratings. Can you tell us what might be going on there?
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