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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Summary of net trade sales and pre-tax operating losses


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2012			2011			2012			2011
Net trade sales	$	4.9		$	22.9		$	23.5		$	41.3
Pre-tax operating loss ⁽¹⁾		(3.4	)		(1.7	)		(11.9	)		(7.4	)
Loss on sale		(3.8	)		—			(3.8	)		—

(1)

Pre-tax operating loss includes a $6.3 million first quarter 2012 pre-tax charge for the write-down of net assets to their estimated fair value and a $6.3 million settlement charge in the second quarter of 2012 related to actuarial losses recognized upon transition of a pension obligation to the acquirer of the Hearth business (See Note 8). Offsetting these charges was a $3.5 million gain in the second quarter of 2012 related to realized foreign currency translation adjustments.

Assets and liabilities of the discontinued operations


	As of June 30,		As of December 31,
	2012		2011
Assets of discontinued operations:
Accounts receivable, net	$	—	$	7.3
Inventories, net		—		12.4
Deferred income taxes		—		9.1
Property, Plant and Equipment		—		5.4
Other assets		—		0.8
Liabilities of discontinued operations:
Accounts Payable	$	—	$	6.0
Accrued expenses		—		5.2
Pensions		—		—
Other Liabilities		—		0.4

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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