Question-and-Answer Session
Operator
Thank you. (Operator Instructions) Your first question comes from Thomas Carpenter - Hilliard Lyons.
Thomas Carpenter - Hilliard Lyons
Can you give us an idea of when and maybe Jerry’s already started, but when he’s going to start and when we can expect to, I don’t know if you guys have an interim mid-quarter conference call so we can get a feel for more in depth knowledge about where you guys are going to take the company and the target areas and all that stuff?
Roger Derse
His commencement is imminent. We have a board meeting next week which he will attend. I can certainly take in to advise your recommendation of perhaps an update. I point this out to everyone. We expect to be actively engaging you know with the investment community, to provide insight to where we are going. I think that you know in the area, you know, of acquisitions, etc., you know clearly you know there is going to be an aggressive review of the kinds of acquisitions that we’ll be looking at and the fact that they’ll make good strategic sense within the defense technology marketplace. And if we have something to report on an interim basis we will.
Thomas Carpenter - Hilliard Lyons
And maybe for some help when we’re modeling, could you break out some of the impact of some of the one time items this quarter? Maybe the retirement of Ed White, the ERP upgrade, the circuit card.
Roger Derse
I think to facilitate that I would point you to the 10-Q that we just filed today. You know we’ve done a very good job in enumerating the detailed items so that you should be able to do your modeling.
Thomas Carpenter - Hilliard Lyons
When you look out at the fourth quarter and the first part of next year, do you expect as a the percentage of SG&A to, do you expect SG&A, how many more quarters of ERP or things of that nature do you expect to be in quarters?
Roger Derse
I think we’re wrapping things here in this fourth quarter. But I would use as a modeling percent our 27%, about 27% factor on the SG&A as a percentage of sales at this particular run rate. And I think there’s also some further information on the Q for that.
Operator
Your next question comes from Mark Jordan - Noble Financial Capital Market.
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