PowerPackages Exit Plan	6 Months Ended
Jun. 30, 2011
PowerPackages Exit Plan
PowerPackages Exit Plan	6. PowerPackages Exit Plan On May 31, 2011, we adopted a plan to exit the business and sell the assets of PowerPackages, which operated a medium speed engine business in our Energy and Smart Grid Solutions segment that we started in 2009 through the acquisition of inventory and equipment necessary to enter the business. We adopted this plan of disposition after evaluating the prospects for the PowerPackages business, current market conditions and our opportunities to focus our time and resources in other areas which have a higher potential to deliver near and mid-term revenue and profit growth. We have initiated a plan to exit the PowerPackages business by December 31, 2011. During the three months ended June 30, 2011, we recorded pre-tax charges related to the PowerPackages exit plan in the amount of $2,075, which included a $1,692 inventory charge included in our cost of sales and a $383 loss from the write-down of long-lived assets associated with the business included in our general and administrative expenses, as proceeds from the disposition of the business are expected to be less than its carrying value. We also expect to incur additional employee and facility expenses in future periods during the course of the exit process. Additional costs of the wind-down activities could be significant, including the possible revision of the charges incurred in our second quarter of 2011, as we have not entered into any binding agreement to sell or dispose of all the assets and business of PowerPackages. Additionally, there is no assurance we will be able to sell the assets, and if sold there is no assurance as to the timing or terms of any sale, including the net proceeds to the Company and any additional costs incurred during the course of the exit process. The results of our PowerPackages operations, including the losses associated with the exit plan, will be reported in continuing operations in our consolidated financial statements until the dispositions of the business is complete and operations cease, at which time it will be reclassified in to discontinued operations for all prior and subsequent periods.

PowerPackages Exit Plan

6 Months Ended

Jun. 30, 2011

6. PowerPackages Exit Plan

On May 31, 2011, we adopted a plan to exit the business and sell the assets of PowerPackages, which operated a medium speed engine business in our Energy and Smart Grid Solutions segment that we started in 2009 through the acquisition of inventory and equipment necessary to enter the business. We adopted this plan of disposition after evaluating the prospects for the PowerPackages business, current market conditions and our opportunities to focus our time and resources in other areas which have a higher potential to deliver near and mid-term revenue and profit growth.

We have initiated a plan to exit the PowerPackages business by December 31, 2011. During the three months ended June 30, 2011, we recorded pre-tax charges related to the PowerPackages exit plan in the amount of $2,075, which included a $1,692 inventory charge included in our cost of sales and a $383 loss from the write-down of long-lived assets associated with the business included in our general and administrative expenses, as proceeds from the disposition of the business are expected to be less than its carrying value. We also expect to incur additional employee and facility expenses in future periods during the course of the exit process. Additional costs of the wind-down activities could be significant, including the possible revision of the charges incurred in our second quarter of 2011, as we have not entered into any binding agreement to sell or dispose of all the assets and business of PowerPackages. Additionally, there is no assurance we will be able to sell the assets, and if sold there is no assurance as to the timing or terms of any sale, including the net proceeds to the Company and any additional costs incurred during the course of the exit process.

The results of our PowerPackages operations, including the losses associated with the exit plan, will be reported in continuing operations in our consolidated financial statements until the dispositions of the business is complete and operations cease, at which time it will be reclassified in to discontinued operations for all prior and subsequent periods.