“There's no change in our capital allocation philosophy or approach. We will continue to return excess cash to shareholders.”

In context

“at up or down in real time? Richard McPhail: We -- taken in reverse order, we don't break out our percentage of payroll to sales, other it is our largest operating expense, and we manage it very closely. With respect to the remainder of the year, I really just point you to our guidance. You're going to have variability quarter-to-quarter in operating expense leverage, but we feel great about at least where we think the year is heading. And again, I point you to guidance with respect to what we anticipate. David Bellinger: Okay. And then just one other one. Can you talk about the share buyback outlook, just given where Q2 numbers have landed, any potential share repurchase acceleration? We've got this potential 1% added tax coming January 1. Just any change on the buyback? Richard McPhail: There's no change in our capital allocation philosophy or approach. We will continue to return excess cash to shareholders. Operator: Ms. Janci, I'd now like to turn the floor back over to you for closing comments. Isabel Janci: Thanks, Christine, and thanks, everybody, for joining us today. We look forward to speaking with you on our third quarter earnings call in November. Operator: Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.”