Discontinued operations (Tables)

12 Months Ended

Dec. 31, 2011

Difference Between The Value Of The Net Assets Of The Disposed Business

Cash Received	$	124,160
less:
Assets of discontinued operations		173,168
Liabilities of discontinued operations		(119,921	)
OCI related to discontinued operations		(19,549	)
Goodwill of discontinued operations		52,306
Total net book value of discontinued operations		86,004
Expenses related directly to disposal of discontinued operations		2,991
Gain on disposal	$	35,165

Earnings/(Losses) From Discontinued Operations

significant in the future. Results of discontinued operations were as follows:

	Year ended December 31,
	2011		2010			2009
			(Restated, see note 2)
Net sales	$	0	$	348,898		$	633,394
Earnings/(losses) from operations before taxes		0		(15,439	)		9,410
Gain on disposal of discontinued operations		0		35,165			0
Taxes on earnings—operations		0		37			(1,050	)
Goodwill Impairment		0		(28,168	)		0
Earnings/(losses) from discontinued operations	$	0	$	(8,405	)	$	8,360

Consolidated Assets And Liabilities Of The Distribution Business

	December 31, 2009
Cash	$	14,253
Trade receivables		136,077
Inventories		104,391
Prepaid expenses and Other receivables		12,840
Total current assets		267,561
Plant and equipment, net		13,828
Goodwill		87,117
Intangible assets, net		833
Total noncurrent assets		101,778
Payables and accrued liabilities		178,902
Current portion long-term debt		15,859
Total current liabilities		194,761
Long-term debt		2,500
Other long term liabilities		320
Total noncurrent liabilities		2,820
Accumulated other comprehensive income	$	40,316