DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

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

2       DISCONTINUED OPERATIONS

On March 30, 2012, the Corporation sold the assets and real estate of its Heat Treating business, which had been reported in the Metal Treatment segment, to Bodycote plc. The sales price was $52 million and is subject to a post-closing adjustment based on the final closing balance sheet. The Heat Treating business' operating results are included in discontinued operations in the Corporation's Condensed Consolidated Statement of Earnings for all periods presented.

Components of earnings from discontinued operations for the three and six months endedJune 30, were as follows:

	(In thousands)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Net sales	$	-	$	9,233	$	10,785	$	18,152
Earnings from discontinued operations before income taxes		-		2,767		4,929		5,263
Provision for income taxes		-		(1,050)		(1,870)		(1,997)
Gain (loss) on divestiture, net of year-to-date taxes of $11,114		(95)		-		18,316		-
Earnings from discontinued operations	$	(95)	$	1,717	$	21,375	$	3,266