Discontinued Operations

6 Months Ended

Jun. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

9. Discontinued Operations

Summarized results of the Company's discontinued operations are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011		2010
Revenue	$	-		$	-		$	-	$	9,380
Loss on sale, net of taxes	$	-		$	(926	)	$	-	$	(14,203	)
(Loss) gain from operations before taxes		(490	)		(323	)		66		102
Benefit (provision) for income taxes		1,165			(774	)		12,208		(1,280	)
Gain (loss) from discontinued operations, net of tax	$	675		$	(2,023	)	$	12,274	$	(15,381	)

The Company currently has no businesses held for sale in discontinued operations. The gain from discontinued operations, net of tax, for the six months ended June 30, 2011 reflects the tax benefit resulting primarily from discrete tax items settled during the period. For the six months ended June 30, 2010, the loss from discontinued operations, net of tax reflects the sale of Triton, an operating company that had been reclassified from the Engineered Sysytems segment to discontinued operations in 2008.

At June 30, 2011 and December 31, 2010, the assets and liabilities of discontinued operations primarily represent residual amounts for deferred tax assets, short and long-term reserves, and contingencies related to businesses previously sold.

Additional detail related to the assets and liabilities of the Company's discontinued operations is as follows:

	June 30, 2011		December 31, 2010
Assets of Discontinued Operations
Current assets	$	9,500	$	52,678
Non-current assets		13,090		14,455
	$	22,590	$	67,133
Liabilities of Discontinued Operations
Current liabilities	$	10,184	$	34,111
Non-current liabilities		67,801		71,531
	$	77,985	$	105,642