Casualty Loss Related to Flood

9 Months Ended

Sep. 30, 2012

Casualty Loss Related to Flood

Casualty Loss Related to Flood

Note 13—Casualty Loss Related to Flood

The Company incurred damage at its Sidney, New York manufacturing facility as a result of severe and sudden flooding in New York State in early September 2011. As a result, the Company recorded a charge of approximately $12,800 ($8,100 after taxes) in the third quarter of 2011 and $21,500 ($13,500 after taxes) in the full year 2011, for property-related damage, as well as cleanup and repair efforts incurred, net of insurance recoveries. This charge includes the Company’s loss for damaged inventory and machinery and equipment. The Sidney facility had limited manufacturing and sales activity in September 2011, which reduced sales by approximately $11,000 in the third quarter of 2011.