Prepaid Expenses and Other Current Assets

3 Months Ended

Mar. 31, 2013

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

(5)           Prepaid Expenses and Other Current Assets

On March 25, 2013 we entered into an agreement to sell our building on West 57th Street in New York City for $46.0 million, subject to a potential increase based on post-closing conditions. We have reclassified the building and its related assets, which consist primarily of prepaid real estate taxes and other expenses, as current since we expect the transaction to close during the second quarter of 2013. The building had a net book value of $22.8 million as of March 31, 2013. The building and related assets are reported as part of our piano segment. Our Prepaid Expenses and Other Current Assets consist of the following:

	March 31, 2013		December 31, 2012
Assets held for sale	$	27,152	$	47
Foreign currency contracts	708		315
Prepaid assets	7,774		8,717
Total	$	35,634	$	9,079