Barry Logan

“First, I think there are two to – if I become the analyst for a second, there are two things to analyze, right. There is year-over-year margins, and we are talking about a 90-day period, and that’s okay, we have to address it.”

“First, again, I'll answer the second part first, because it's a bit longer term. Last quarter, in the first quarter conference call, we talked about 27% as a longer-term target for gross profit.”

“Well, again, I think there are several things to – layers to the discussion and one of which is not accounting. We use weighted average cost on a FIFO basis. And as we buy products and sell them and mark them up, it’s a pretty clean mechanism to get to gross margin.”