Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Financial Results of Discontinued Operations


(in thousands)	2012	2011	2010

Net sales	$19,774	$211,551	$171,469

Income from operations of discontinued business before tax	4,776	24,101	16,073

Gain on disposition of discontinued operations	92,296	-	-

Income tax expense	25,252	10,429	5,860

Schedule of Major Categories of Assets and Liabilities

	December 31,
(in thousands)	2011
Assets of Discontinued Operations:

Cash	$	13,545
Accounts receivable, net of allowance for doubtful accounts		36,458
Inventories		16,507
Property, plant and equipment, net		6,907
Goodwill and intangibles		39,227
Other current and noncurrent assets		5,174
Total assets of discontinued operation	$	117,818

Liabilities of Discontinued Operations:

Accounts payable	$	9,255
Accrued liabilities		11,428
Other current liabilities		1,763
Liabilities for defined benefit pension plans		9,513
Other noncurrent liabilties		4,604
Total liabilities of discontinued operation	$	36,563

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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