Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In June of 2012, consistent with the Company's plans to complete its assessment and evaluation of the non-core businesses acquired in the Integral acquisition, the Company committed to a plan to sell certain lines of business associated with antennas, satellite-cased products and fly-away terminals. These operations were previously reported in the KGS segment, and in accordance with Topic 205, Presentation of Financial Statements ("Topic 205"), these businesses have been classified as held for sale and reported in discontinued operations in the accompanying condensed consolidated financial statements. In the second quarter of 2012, the Company recorded a $1.5 million impairment charge associated with the portion of goodwill that was allocated to the discontinued businesses based on management's estimate of the fair value of the business.

The following table presents the results of discontinued operations (in millions):

	For the Three Months Ended				For the Nine Months Ended
	September 25, 2011		September 30, 2012		September 25, 2011			September 30, 2012
Revenue	$	4.4	$	6.0	$	4.4		$	13.3
Net income (loss) before taxes	0.3		0.2		0.4			(2.7		)
Benefit for income taxes	—		—		(0.3		)	(0.1		)
Net income (loss) after taxes	$	0.3	$	0.2	$	0.7		$	(2.6	)

The benefit for income taxes for the nine months ended September 25, 2011 and September 30, 2012 was primarily due to the expiration of the statute of limitations for certain foreign tax contingencies related to the Company’s discontinued wireless services business.

The following is a summary of the assets and liabilities of discontinued operations, which are in other current assets, other non-current assets, other current liabilities and other long-term liabilities in the accompanying Condensed Consolidated Balance Sheets as of December 25, 2011 and September 30, 2012 (in millions):

	December 25, 2011		September 30, 2012
Cash	$	0.2	$	0.2
Accounts receivable, net	5.3		1.8
Other current assets	4.2		3.9
Current assets of discontinued operations	$	9.7	$	5.9
Other non-current assets	$	2.4	$	0.8
Non-current assets of discontinued operations	$	2.4	$	0.8
Accounts payable	$	0.9	$	1.4
Accrued expenses	5.1		4.1
Other current liabilities	0.3		0.3
Current liabilities of discontinued operations	$	6.3	$	5.8
Other long-term liabilities	0.5		0.3
Long-term liabilities of discontinued operations	$	0.5	$	0.3