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Discontinued Operations
9 Months Ended
Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

In 2011, the Company completed the divestiture of certain home healthcare and related ancillary businesses (“the Disposal Group”) that were non-strategic in nature and its Tidewater Group Purchasing Organization (“Tidewater”) as the Company determined they were no longer a good strategic fit within the Company’s portfolio of assets.  The Company did not consider the operations of the Disposal Group and Tidewater (collectively, the “Non-Core Disposal Group”) as significant, individually or in the aggregate, to the operations of Omnicare. Also in 2011, the Company completed the divestiture of its Contract Research Services organization (“CRO Services”). For the three and nine months ended September 30, 2011, the Company recorded a combined pretax impairment loss of approximately $19 million and $75 million to reduce the carrying value of the CRO Services and Non-Core Disposal Group to fair value based on the final terms of the divestiture.  

Selected financial information related to the Non-Core Disposal Group and CRO Services follows (in thousands):
 
 
Three months ended September 30, 2011
 
Nine months ended September 30, 2011
Net sales from discontinued operations
 
$
5,594

 
$
53,426

Loss from operations - pretax
 
(1,317
)
 
(7,393
)
 
 
 
 
 
Loss from operations - aftertax
 
(792
)
 
(4,490
)
Impairment loss on discontinued operations - aftertax
 
(9,108
)
 
(62,989
)
Loss from discontinued operations
 
$
(9,900
)
 
$
(67,479
)