Question-and-Answer Session
Operator
Thank you. Ladies and gentlemen, we will now begin the question-and-answer session. (Operator Instructions). Our first question comes from the line of Jay Srivatsa, Roth Capital Partners. Please go ahead.
Jay Srivatsa - Roth Capital Partners
Thanks for taking my questions. A couple of questions, if I may. First of all, on a non-GAAP basis, Thurman, what was the EPS number?
Thurman Case
On a non-GAAP basis, earnings per share for the quarter were $0.07.
Jay Srivatsa - Roth Capital Partners
$0.07. Okay.
Thurman Case
Yes.
Jay Srivatsa - Roth Capital Partners
And then in terms of margins, it appears that your industrial business was slightly stronger relative to last quarter, but yet your margins were down, could you clarify why that was?
Thurman Case
That's primarily mix.
Jay Srivatsa - Roth Capital Partners
Well, I would have thought the industrial business are the higher margin businesses, so that should have positively impacted your gross margins, wouldn't that be case?
Thurman Case
Well, audio is up as well, all right.
Jay Srivatsa - Roth Capital Partners
Okay.
Thurman Case
I mean, margins within the industrial product line vary quite a bit as well.
Jay Srivatsa – Roth Capital Partners
Okay. And then, in terms of the share buyback, I'm assuming that you're going to jump on it, what kind of share count should we be modeling for next quarter?
Thurman Case
We're basically doing the buyback depending on market conditions. We've executed the program, because we intend to move forward on it. We don't really have a little bit to estimate what that share count exactly would be. It's in the open market and it will be based on that, on the market conditions as we go forward.
Jay Srivatsa – Roth Capital Partners
Okay.
Thurman Case
We didn't really have a lot of guidance for exactly what that will be.
Jay Srivatsa – Roth Capital Partners
Okay. And then, in terms of the March quarter, I suspect there is some seasonality, could you share with us, is it only in audio products or are you seeing anything in the industrial products, and how should we be looking at that?
Thurman Case
Well, as I indicated the industrial stuff stabilizes. Actually, a couple of the industrial areas are up a bit. Of course, in particular with portable, the consumer stuff is a seasonally soft quarter. So I would expect the audio side to be a little bit weaker and the industry side is actually up a little bit in some of the product lines.
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