Hi Everyone!

I have this pattern for a hat I'm working on and I'm a little confused about the pattern for one particular part of the row. It goes like this:

Round 1: (K2, P1, K2, P1, K2tog, P1) repeat a total of 5 times. K2, P1 (43 stitches remain)

Okay, now I get that I have to do the first part 5 times, but for the second part (the K2, P1), am I supposed to do a single row of that or what?

This is a pattern I got from Ravelry, here's the link if anyone wants to take a look at it and maybe help me to figure out the second part?

http://www.ravelry.com/patterns/libr...unky-comfy-hat
Any help I get would be greatly appreciated. :D