XML 61 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Impairment of Long-lived Asset
12 Months Ended
Dec. 03, 2011
Impairment of Long-lived Asset Disclosure Abstract  
Impairment of Long-lived Asset Disclosure

Note 5: Impairment of Long-lived Assets

In 2011 we discontinued production of the polymers used in certain resin products that had been produced in our EIMEA operating segment. As a result, we performed an impairment test on the trademarks and trade names used in resin products. In accordance with accounting standards, we calculated the fair value using a discounted cash flow approach. As a result of this analysis, we recorded an impairment charge of $332 ($220 after tax).

In 2010 we exited our polysulfide-based insulating glass product line in Europe. In accordance with accounting standards, we determined that the carrying amount of this asset group was not recoverable and was therefore impaired. We calculated the fair value of the asset group using a discounted cash flow approach. As a result of this analysis, we recorded pre-tax asset impairment charges of $8,785 to write-down the value of intangible assets.