Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Lawrence Klatzkin - Jefferies & Co.
Lawrence Klatzkin - Jefferies & Co.
Capitalized interest for the quarter?
Dale R. Black
It was really minimal. $400,000.
Lawrence Klatzkin - Jefferies & Co.
And corporate, you managed to save some more costs again. Should we assume that that keeps at this level going forward?
Dale R. Black
We had announced at the end of our last conference call that we expected corporate to be in the neighborhood of $40 million for the year and I think this quarter sort of shows that we’re kind of on that run rate.
Lawrence Klatzkin - Jefferies & Co.
And the option expense went up a little bit. Should it keep at that level too?
Dale R. Black
Yes. That will bounce around marginally but it probably is our current estimate of what existing options will run out.
Lawrence Klatzkin - Jefferies & Co.
Cap ex the rest of the year?
Dale R. Black
We gave some guidance last time on the maintenance capital. We continue to believe that the $40 million in maintenance capital for the year is the right number. This quarter I think about $5 million out of the $8 million that we spent was for maintenance so we’ve got about $35 million to go. And that’s on a cash basis.
Lawrence Klatzkin - Jefferies & Co.
I know Virginia it’s too early to say, but I guess there’s no way to quantify what you might be taking as a hit for shutting for the few days assuming that there’s no real damage?
Virginia McDowell
Yes. It really is too early to tell Larry.
Lawrence Klatzkin - Jefferies & Co.
If Colorado would pass, knock on wood, or Missouri would pass, I guess Missouri’s kind of minimal for you guys, but what kind of upside could we be looking at with the change of rules in Colorado?
Dale R. Black
Larry I think the upside in Colorado is really going to depend upon the timing. We believed that July 1 we would have table games on the floor. With the tax rate that is favorable in Colorado, we think there is an upside clearly but we haven’t quantified it at this point.
Lawrence Klatzkin - Jefferies & Co.
As far as Coventry goes, should we assume that since you improved from this number that there is continued improvement there?
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