Question-and-Answer Session
[Operator Instructions]. Our first question is coming Alex Rygiel with FBR. Please state your question.
Alex J. Rygiel - Friedman, Billings, Ramsey & Co.
Yes good morning gentlemen.
Dominic J. Pileggi - Chairman and Chief Executive Officer
Hi Alex.
Alex J. Rygiel - Friedman, Billings, Ramsey & Co.
There are any chance and may be you kind of given the status you gave us a lot of numbers, but is there any chance you can quantify the delusion from the acquisitions in this current quarter and then comment on whether not deal they will be dilutive neutral or accretive in the second quarter, and then potentially comment on the full year accretion of those acquisitions?
Dominic J. Pileggi - Chairman and Chief Executive Officer
Alex I think the best way to look at it, I'll just start with the chart we had in the back of that's part of the press release shown and the impact of acquisition, and you could see the segment impact was about $17 million positive. Now coming off with that what obviously be the moment in you see on the segment chart, and that would be obviously mostly related to acquisitions, and then not all, but a significant part of TJH net interest increase would be you used to fund the acquisitions, so put all that to together quiet frankly you will see at the pretty much neutral in the first quarter. So keep in mind that also would it would be inclusive about $4 million of one time non-recurring expenses that we had in the quarter to get all these activities ahead of us, so when you look at the first quarter I think the best way to probably look at is, which is roughly neutral, but if must take into consideration the one time was actually a little bit positive. Going to second quarter we still see further improvements in the underlying earnings that were showing from the 1st quarter, and obviously we don't expect to have that non-recurring $4 million again, so you can see that we are expecting it to start to ramp up, and be accretive as the year goes on. And remember, the second half we should have out the majority of the duplicative operating costs.
Alex J. Rygiel - Friedman, Billings, Ramsey & Co.
That's helpful. Dominick, you've been through different economic cycles through your career. Can you comment on your comfort level today of being successful at raising prices during a period when volumes are declining?
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