Assets Held for Sale and Discontinued Operations

Assets Held for Sale - In September 2013, we entered into an agreement to sell the detector tube assets. The transaction closed in January, 2014. In addition to the asset sale agreement, we entered into transitional manufacturing and sales agreements with the buyer. Under the terms of the transitional agreements, we will continue to manufacture and sell detector tubes on behalf of the buyer until mid-2014. The gain on the transaction will be recognized in 2014, at the conclusion of the transitional manufacturing period and will not be material to net income or earnings per share.

Certain assets related to detector tube manufacturing are classified as held for sale at December 31, 2013. These assets are reported in the following balance sheet lines:



(In millions)	December 31, 2013
Inventory	$	1.4
Property, net of depreciation	0.2
Total assets	1.6

Discontinued Operations - The Company is actively negotiating the sale of substantially all of the assets and liabilities of its South African personal protective equipment distribution business and its Zambian operations. Management has deemed it probable that the sale of these assets and liabilities will close in 2014. The operations of this business qualify as a component of an entity under FASB ASC 205-20 "Presentation of Financial Statements - Discontinued Operations", and thus the operations have been reclassified as discontinued operations and prior periods have been reclassified to conform to this presentation. Management does not believe the assets associated with the South African distribution business or the Zambian operations are impaired at December 31, 2013.

Summarized financial information for discontinued operations is as follows:



	Year ended December 31,
(In thousands)	2013			2012			2011
Discontinued Operations
Net Sales	$	52,692		$	58,461		$	60,414
Other income (loss), net	40			115			(78		)
Cost and expenses:
Cost of products sold	41,181			45,277			48,544
Selling, general and administrative	7,389			8,376			8,588
Interest expense	—			17			1
Currency exchange losses, net	(325		)	(41		)	(540		)
Income from discontinued operations before income taxes	4,487			4,947			3,743
Provision for income taxes	1,426			1,128			966
Income from discontinued operations, net of tax	3,061			3,819			2,777



	December 31,
(In thousands)	2013		2012
Discontinued Operations assets and liabilities
Cash and Cash Equivalents	$	2,980	$	2,465
Trade receivables, less allowance for doubtful accounts	7,452		8,870
Inventories	11,359		11,875
Net property	317		286
Other assets	1,326		2,252
Total assets	23,434		25,748
Accounts Payable	5,447		3,356
Accrued and other liabilities	930		1,685
Total liabilities	6,377		5,041
Net assets	17,057		20,707

The assets and liabilities reported above are included in the International Segment detail in Note 7.

The following summary provides financial information for discontinued operations related to net loss (income) related to noncontrolling interests:



	Year ended December 31,
(In thousands)	2013			2012			2,011
Net loss (income) attributable to noncontrolling interests
Loss (income) from continuing operations	$	870		$	(385	)	$	250
(Income) from discontinued operations	(672		)	(739		)	(443		)
Net loss (income)	198			(1,124		)	(193		)