Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

15. DISCONTINUED OPERATIONS

The following table presents the operating results of the Company’s discontinued operations for the three and nine month periods ended September 30, 2011 and 2010, respectively:

	Three months  ended September 30,						Nine months  ended September 30,
($ in millions)	2011			2010			2011			2010
Net sales	$	0.4		$	0.3		$	1.8		$	1.3
Cost and expenses		(0.6	)		(1.5	)		(2.0	)		(4.2	)
Loss before income taxes		(0.2	)		(1.2	)		(0.2	)		(2.9	)
Income tax benefit		—			0.3			—			0.7
Loss on discontinued operations	$	(0.2	)	$	(0.9	)	$	(0.2	)	$	(2.2	)

2010

In December 2010, the Company determined that its China Wholly Owned Foreign Entity (“China WOFE”) business was no longer strategic. The results of China WOFE operations previously were included within the Environmental Solutions and Safety and Security Systems Groups.

In September 2010, the Company sold its Riverchase business, which had previously been reported as part of the Safety and Security Systems operating segment, for $0.2 million. The Company’s Riverchase business developed a suite of products that enables emergency response agencies to manage and communicate remotely with their fleets.

The following table shows an analysis of assets and liabilities of discontinued operations as of September 30, 2011 and December 31, 2010:

($ in millions)	September 30, 2011		December 31, 2010
Current assets	$	—	$	—
Properties and equipment		0.5		0.7
Long-term assets		1.2		0.8
Financial service assets, net		1.2		1.6
Total assets of discontinued operations	$	2.9	$	3.1
Current liabilities	$	4.0	$	5.9
Long-term liabilities		8.3		10.8
Financial service liabilities		1.2		1.5
Total liabilities of discontinued operations	$	13.5	$	18.2

Included in current liabilities at September 30, 2011 and December 31, 2010 is $2.2 million and $2.6 million, respectively, related to environmental remediation at the Pearland, Texas facility, which was previously used by the Company’s discontinued Pauluhn business. Included in long-term liabilities at September 30, 2011 and December 31, 2010 is $5.9 million and $6.0 million, respectively, relating to estimated product liability obligations of the North American refuse truck body business.