Last month, CLT had 289 FO's assigned (not all are active). #232 on that list was the most junior round 1 line holder.

After round 1 bidding closes, we hold the SAP. Everyone dumps what they don't want, and picks up what they do want. Then, the company builds as many lines as they can with what is left over, and they go to round 2. If you can not hold a round 1 line, you can choose a round 2 line, or a reserve schedule (long call or short call).

In CLT last month, there were 39 round 2 lines, and 13 FO's on reserve. There are usually a lot more FOs on reserve, but we are really short on FOs right now.