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Yes. So, on the service fee side, it sounds like you are not expecting any kind of wild changes, if you will, on a quarterly basis through the year based on some of the new clients you have coming on and then also based on like, for example, Carter’s, which is starting to take some of its stuff in-house. Mark Layton —PFSweb, Inc.—Chairman & CEO Again, that’s why I say it’s a little hard for us to make a statement about that yet because this is hypothetical. If a client were to say July 1 transition date and all of it were to move on July 1, then it would have a quick sharp impact in terms of the reduction of the specific components of revenue that they move in that. More than likely, though, we typically in these planned type of things like this see a phased transition. So things may actually wind down in a certain business component over several months. So, at this point, I can’t give you the timing with that, and it’s the same thing with new business revenue. We don’t recognize any service fee revenue until the client goes live through quality testing and so on and so forth. We might have a situation where revenue moves from one month to the next or one quarter to the next. So we have stayed away from trying to give too much quarterly information simply because of the fact that it is just almost impossible for us to predict it. So it’s much easier for us to give you a view for the year and have everyone focused on what our year objectives are and recognize that things because of all of the variability that we just discussed and the length of time involved in bringing clients out and for clients to wind down and those few situations do happen, that it’s just hard to pinpoint it into a three-month time period. Marco Rodriguez —Stonegate Securities—Analyst Fair enough. And then, Tom, you put some comments on the increase of the receivables on the balance sheet. Are you expecting that to reverse here in Q1, or can you help us understand that a little bit more? Tom Madden —PFSweb, Inc.—CFO & Chief Accounting Officer Yes, in Q1 with obviously less of an impact of the holiday spike volumes that occurred during the December quarter, we are expecting both our service fee revenue, as well as our corresponding receivable activity, to decrease from where it was at the end of December, so. Mark Layton —PFSweb, Inc.—Chairman & CEO So it’s just a sequential from — it’s a seasonal decrease from Q4 to Q1. (multiple speakers) You’ll see that both from the balance sheet components and in our P&L components. Marco Rodriguez —Stonegate Securities—Analyst The receivables I mean is a pretty big sequential uptick. I mean even if I look at the year-over-year growth rates of our overall business, it’s still pretty high. Tom Madden —PFSweb, Inc.—CFO & Chief Accounting Officer One of the things you need to look out there is, when you can’t just look at service fee revenues, you have to look at pass-thru revenues as well. Those pass-thru revenues are items like freight programs and other types of things that will be out there that we also bill to our clients on a pass-through basis. So, if you take a look at the quarter ended December of 2011, the service fee revenue and pass-thru revenue was almost $47 million. Compared to 2010, it was about $30 million. So, you can see a 50% increase there in terms of total billings to our clients during the quarter, which corresponds to that receivable increase. Marco Rodriguez —Stonegate Securities—Analyst Okay. And one quick housekeeping item here, what was cash flow from operations for the year in CapEx? Mark Layton —PFSweb, Inc.—Chairman & CEO
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