Question-and-Answer Session
Operator
(Operator instructions) And we have our first question from Paul Lejuez with Credit Suisse.
Paul Lejuez - Credit Suisse
Hi guys, Paul Lejuez.
Dennis Highby
How are you doing Paul?
Paul Lejuez - Credit Suisse
Good thanks. You’re talking about inventory in units rather than dollars. How does that look year-over-year as there is a discrepancy between the two? Also where did the decrease come from and I guess what I’m really asking is what are in-store inventories looking like. And then second question, I’m just wondering if the corporate layoffs impacted the third quarter at all and then I have a couple of follow ups if I can.
Dennis Highby
Sure. You know we feel good about the inventory levels that we have right now. You know Paul I don’t know as far as units, we didn’t do any looking at that. Do you have an opinion on that Brian?
Brian Linneman
No I don’t think the units have changed in relationship to a comparison to last year.
Dennis Highby
Paul in regard to our inventory in our stores and now we have seen a reduction of our inventory in all of our stores. As far as the corporate layoffs what was the question there?
Paul Lejuez - Credit Suisse
If that had any impact on the third quarter?
Dennis Highby
Ralph.
Ralph Castner
No.
Paul Lejuez - Credit Suisse
Okay, and then did you see any sort of a falloff in credit card spending at the end of the month consistent with what is going on in the economic environment?
Ralph Castner
You know I don’t track that information week to week. So I don’t know of it. We look it month to month and clearly it has been down. I don’t know that I gave you a comment on how it changed throughout September.
Paul Lejuez - Credit Suisse
Okay but even month to month it was good enough. So it did get weaker is September is kind of what I was asking.
Ralph Castner
Yes.
Paul Lejuez - Credit Suisse
Okay and can you just go through the cases of debt that you’ve got on your balance sheet right now. You kind of clump it all together. Can you just walk us through that again?
Ralph Castner
Yes. Let me pull up the Q, so I got the right page. Sorry, I will be taking just a second Paul. There is 500 -- the actual debt line is actually $560.9. A $198.7 of that is our revolver, which as both Dennis and I said we expect to be out of that by the end of the year. There is $25 million of a note that is due next September of ?09. There is $215 million that is due in 2016. That is $60 million due in 2007 and there is $57 million that is due -- $57 million that is due in 2012 to 2008. That is the preponderance of the debt.
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