Discontinued Operations (Tables)

9 Months Ended

Sep. 28, 2013

Schedule Of Discontinued Operations, Financial Information


	THREE MONTHS ENDED				NINE MONTHS ENDED
(THOUSANDS OF DOLLARS)	SEPTEMBER 28,		SEPTEMBER 29,		SEPTEMBER 28,		SEPTEMBER 29,
	2013		2012		2013		2012

Net Sales	$	12,447	$	23,946	$	54,096	$	67,196

Operating (loss) income before income taxes		(3,295)		1,170		(3,605)		2,203

Loss on disposal of assets		(185)		-		(185)		-
Income tax provision on discontinued operations		6,584		28		7,077		218
(Loss) Income from Discontinued Operations	$	(10,064)	$	1,142	$	(10,867)	$	1,985

There was $2.9 million of cumulative translation losses which were reclassified from accumulated other comprehensive income to the income statement as part of the loss from discontinued operations.

The CAD assets and liabilities that were sold represent those reported as the CAD segment of the Company’s financial statements and were as follows:


(THOUSANDS OF DOLLARS)
Accounts Receivable	$	13,499
Inventory		29,982
PP&E		10,448
Other Assets		6,493
Accounts payable, accrued expenses and other		(14,495)
Other Liabilities		(988)
Net Assets	$	44,939

- 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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