Note 7

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

7.     

Discontinued Operations

-

On September 12, 2014, the Company sold its LCD monitor business for approximately $7.2 million in cash. Due to the divestiture of the LCD business, reporting of this business has been included in discontinued operations for all periods presented.

The following amounts related to the discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Earnings:

	Three Months Ended September 3 0					Nine Months Ended September 3 0
	2015		2014			2015		2014
Net sales	$	0	$	2,915,000		$	0	$	14,498,000
Earnings from discontinued operations		0		(1,450,000	)		88,000		(1,089,000	)
Loss on sales of assets		0		(2,145,000	)		0		(2,145,000	)
Discontinued operations, net of income taxes	$	0	$	(5,914,000	)	$	88,000	$	(5,617,000	)

The earnings of $88,000 in the nine months ended September 30, 2015 is related to a reduction of the bad debt accrual of $60,000, a reduction in general accruals of $38,000 and an additional $10,000 of union pension settlement expense.