Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Scott Hamann - KeyBanc Capital Markets.
Scott Hamann - KeyBanc Capital Markets
Dick, the first question here. When you talk to the board, I mean, what’s the board’s thinking in what the criteria might be to reinstate the distribution, I mean what types of things would you be looking for over time?
Richard Kinzel
Scott, at this time it’s really premature to make any predictions about the future distribution policy. We continue to evaluate strategic alternatives for improving the business and creating value for the unit holders. The distribution policy is just one of the facets we will consider, are consistent with our focus on total return for the unit orders.
Scott Hamann - KeyBanc Capital Markets
When you talk about those strategic alternatives, is there anything that you are considering that’s different than what you have laid out before in terms of excess land sales in the couple of the parks that you are currently marketing?
Richard Kinzel
No, I think the financial community is pretty well up to date on what our thought processes and what we are trying to accomplish.
Scott Hamann - KeyBanc Capital Markets
Peter is there any potential for an additional or a write down on any of this goodwill associated with the Paramount acquisition?
Peter Crage
Well, potential yes, I guess it depends on what happens in the economy and the business performance of those parks. I will tell you that based on what we have up to this point you don’t see any impairment in the third quarter. So, the fourth quarter we will do our testing in the fourth quarter and of course we will do it next year as well, it’s tough to say at this point what the future holds.
Scott Hamann - KeyBanc Capital Markets
Okay and then finally, just after tax impact of this land sale, do you have a good number for that?
Peter Crage
Yes, I think there is a tax, we will have a tax liability of about $7 or $8 million next year that’s due in early part of 2010, so that came in the high 40s.
Scott Hamann - KeyBanc Capital Markets
Okay. Thanks a lot.
Richard Kinzel
Scott, if you could just add. We certainly realize that our problem is on the balance sheet and our emphasis going forward certainly is going to try to get that debt reduced.
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