Discontinued Operations

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

Discontinued Operations

Note 4.   Discontinued Operations

     During the second quarter of 2009, the Company recorded impairment of asset charges of $5.6 million, net of tax, to recognize the lower market value of its Mt. Vernon, Indiana facility.   On October 26, 2009, the Company sold this facility for the approximate amount of the net book value of the assets. 

     The following table details selected financial information for the discontinued operations in the consolidated statements of operations for fiscal years ended December 31, 2009. There were no discontinued operations in the fiscal years ended December 31, 2011 and December 31. 2010.  The amounts exclude general corporate overhead and interest expense which were previously allocated to the entities comprising discontinued operations.

Thousands of Dollars			2009
Net sales		$	15,600
Production margin			1,148
Expenses			582
Impairment of assets			5,778
Restructuring and other costs			--
Gain on sale of assets			239
Income (loss) from operations		$	(4,973)
Other income			--
Foreign currency translation
	loss from liquidation of investment		--
Provision (benefit) for taxes on income			(1,822)
Income (loss) from discontinued operations, net of tax		$	(3,151)