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CASUALTY LOSS
12 Months Ended
Dec. 31, 2011
CASUALTY LOSS [abstract]  
CASUALTY LOSS
CASUALTY LOSS
 
On September 27, 2010, the Company’s French subsidiary, CXR AJ, sustained significant damage to a portion of the building comprising its Abondant, France facility as a result of a fire.  The portion of the building damaged, which was fully depreciated at the time of the fire, was primarily used for raw materials storage.  Virtually all of the raw materials that were on-site were destroyed in the fire.  CXR AJ’s main operating facility, which includes administration, finance, sales and engineering, was not damaged by the fire. 

Subsequent to the fire, the Company recorded an impairment for the raw materials inventory destroyed by the fire of €0.8 million (approximately $1.1 million).  As the CXR AJ insurance policy covers this inventory amount and the insurance company had confirmed that this inventory is covered under at least net value, the Company recorded a receivable for the same amount as the impairment loss.  A partial advance received from the insurance company in December of 2010 was applied to the receivable, with a remaining $0.4 million recorded as a receivable at December 31, 2010, which was included in prepaid and other current assets in the consolidated balance sheet.

As of December 31, 2011, the CXR AJ has received approximately €950,000 (or $1.2 million based on the exchange rate at December 31, 2011) from the insurance company as recoveries against fire damage. The excess recoveries received over net book value of assets and construction costs was approximately $0.3 million, which was recorded as other income in the accompanying statement of operations for the year ended December 31, 2011. There are additional recoveries yet to be received for reimbursement for construction costs on the damaged portion of the building and the amount of business interruption recovery is still being negotiated. However, the Company does not expect to experience any additional losses or gains associated with the recovery of damage incurred in the future.