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DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

3.       DISCONTINUED OPERATIONS

On March 30, 2012, the Corporation sold the assets and substantially all the real estate of its Heat Treating business for $52 million to Bodycote plc. The Heat Treating business' operating results, which had been reported in the Metal Treatment segment, 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 nine months ended September 30, were as follows:

  (In thousands)
  Three Months Ended Nine Months Ended
  September 30, September 30,
  2012 2011 2012 2011
Net sales  $ - $ 9,225 $ 10,785 $ 27,377
Earnings from discontinued operations before income taxes   -   4,221   4,929   9,484
Provision for income taxes   -   (1,602)   (1,870)   (3,599)
Gain (loss) on divestiture, net of taxes of $11,026 for the nine months ended September 30, 2012   (144)   -   18,172   -
Earnings (loss) from discontinued operations  $ (144) $ 2,619 $ 21,231 $ 5,885