Question-and-Answer Session
Operator
(Operator Instructions). We'll go first to Adam Greene, JP Morgan.
Adam Greene - JP Morgan
Good evening, everyone.
Darrell Borne
Hi Adam, how are you?
Adam Greene - JP Morgan
Good. Few questions for you Darrell, on the guidance, you mentioned the excluding one time charges for the Sular conversion, what potential are one-time charges could we see, where exactly is that related? Second, what are your assumptions in terms of the Sular switch, the revenue guidance, what percentage of the franchise are you assuming gets converted by June? And then finally, what are you assuming in terms of for -- in the guidance for the new rules for becoming of the conversion in terms of adding in the interest expense?
Darrell Borne
Okay, let me try to take to them one at a time here. As far as the Sular charges: as far as one-time charges that we may incur, those would typically be inventory related, and again a lot of that's going to be dependent upon when the product is actually approved. If it's proved early, obviously we can convert earlier in the cycle. If we get an approvable letter obviously it will delay the launch of product slightly. So, it all depends on the timing of the approval of the product move, also depend on what if any inventory charges we did?.
Adam Greene - JP Morgan
Does this relate to if you had full inventory out of the channel or?
Darrell Borne
No, it's not inventory of the channel, it would be inventory in our warehouse.
Adam Greene - JP Morgan
Warehouse, okay.
Darrell Borne
The question was --
Adam Greene - JP Morgan
(inaudible) conversion rate in the revenue guidance?.
Darrell Borne
Yeah, as far as, the conversion goes we are targeting, as we have mentioned before, in the 80% to 85% conversion rate range for the full year. Now, again, that all depends on when you actually start launching the product.
Adam Greene - JP Morgan
Okay.
Darrell Borne
And then the final piece that you have is on the, the potential for the FASB change on the Coco? It does not have any impact of that as the FASB has not had a final ruling, as to how they are going to handle and treat that. So there is no impact on that at this point, because we don't know what that is going to look like.
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