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Other-net
12 Months Ended
Dec. 31, 2012
Other-net [Abstract]  
Other-net
Other-net
Other-net expense is summarized for 2012, 2011 and 2010 as follows:
 
 
Income (Expense)
(Thousands)
 
2012
 
2011
 
2010
Foreign currency exchange/translation gain (loss)
 
$
1,477

 
$
(2,775
)
 
$
(759
)
Amortization of intangible assets
 
(6,008
)
 
(6,144
)
 
(6,462
)
Metal consignment fees
 
(9,011
)
 
(9,877
)
 
(6,539
)
Changes to earn-out valuation
 

 
1,052

 
848

Equipment write-off (see below)
 
(1,603
)
 

 

Other items
 
(464
)
 
1,970

 
(1,915
)
Total
 
$
(15,609
)
 
$
(15,774
)
 
$
(14,827
)

During 2012, the Company announced the consolidation of four of its smaller operations in order to improve efficiencies and cash flows. This program included closing three facilities and transferring their business volumes and portions of their equipment to other existing facilities and the consolidation of one operation from four buildings into two. One of the facilities was closed by year-end 2012, with the balance of the activity scheduled to be completed in 2013. Costs associated with the consolidation program, including severance, equipment relocation, equipment write-offs and other related items, totaled $4.8 million in 2012, with $1.6 million recorded in cost of sales, $1.6 million in selling, general and administrative expense and $1.6 million in other-net. The $1.6 million equipment write-off resulted from the abandonment of equipment with no realizable value. The costs are recorded within the Company's Advanced Material Technologies segment. Costs to complete the consolidations are estimated to be $2.6 million in 2013.
Other items in the chart above include legal settlements, bad debt expense, cash discounts, gains and losses on the sale of fixed assets and other miscellaneous items.