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CHANGES IN NONCONTROLLING INTERESTS
9 Months Ended
Sep. 30, 2012
Noncontrolling Interest [Abstract]  
CHANGES IN NONCONTROLLING INTEREST

7.       CHANGES IN NONCONTROLLING INTERESTS

 

In the third quarter of 2012, the Company executed a purchase agreement for the remaining noncontrolling interest of Northern Elastomeric Incorporated (“NEI”), one of the Company's consolidated subsidiaries. As a result of the purchase agreement, NEI became a wholly-owned subsidiary of the Company, with the Company providing $22 million in cash consideration. The transaction resulted in a $6 million decrease in Noncontrolling interests on the Consolidated Balance Sheets.