(2) Divestitures

Electrical: On September 2, 2010, we completed the divestiture of our former Electrical business in Europe and Asia to Tinicum Capital Partners II, L.P., (“Tinicum”). Our net cash proceeds were approximately $53.3 million in cash, including normal working capital adjustments and other financial adjustments. On January 4, 2010, we divested Electrical's North American operations for an amount immaterial to our Consolidated Financial Statements. Electrical produced a full array of precious metal electrical contact products that range from materials used in the fabrication of electrical contacts to completed contact subassemblies. Net proceeds from each transaction, after funding related retirement plan obligations and transaction costs, were used to repay outstanding debt. We have reflected the results of Electrical as a discontinued operation on the Consolidated Statements of Operations for all periods presented. Electrical's net sales and earnings (loss) before income taxes for the three and six months ended July 1, 2011 and June 25, 2010, respectively, were as follows (in thousands):

	Three Months Ended				Six Months Ended
	July 1, 2011		June 25, 2010		July 1, 2011		June 25, 2010
Net sales	$	--	$	78,191	$	--	$	149,040
Earnings (loss) before income taxes		--		2,561		875		(15,914	)

Medtech: On June 25, 2009, we completed the disposition of our Medtech components business to Altor Fund III (“Altor”). Medtech was headquartered in Roskilde, Denmark with manufacturing facilities in Denmark, Poland and Vietnam producing components for the hearing aid, high-end audio headset and medical device markets. We had no activity related to Medtech in the six months ended July 1, 2011. We reflected the results of Medtech as a discontinued operation on the Consolidated Statement of Operations for the three and six months ended June 25, 2010. Medtech's loss before income taxes for the three and six months ended June 25, 2010 was approximately $0.2 million and $0.4 million, respectively, with no net sales in either period. We have no material continuing involvement with Medtech.

MEMS: During 2009, we divested our microelectromechanical systems microphone business located in Denmark and Vietnam. We had no activity related to MEMS in the six months ended July 1, 2011. We reflected the results of MEMS as a discontinued operation on the Consolidated Statements of Operations for the three and six months ended June 25, 2010. MEMS' net sales and loss before income taxes for the three months ended June 25, 2010 were both less than $0.1 million. MEMS' net sales and loss before income taxes for the six months ended June 25, 2010 were less than $0.1 million and approximately $0.3 million, respectively. We have no material continuing involvement with MEMS.