Discontinued Operations

12 Months Ended

Nov. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

12. Discontinued Operations

In November 2003, the Company announced the closing of a GDX manufacturing facility in Chartres, France owned by Snappon SA, a subsidiary of the Company. The decision resulted primarily from declining sales volumes with French automobile manufacturers. During fiscal 2009, Snappon SA had legal judgments rendered against it under French law, aggregating €2.9 million plus interest related to wrongful discharge claims by certain former employees of Snappon SA. Additionally, during fiscal 2009, Snappon SA filed for declaration of suspensions of payments with the clerk’s office of the Paris Commercial Court (See Note 7(b)).

Summarized financial information for discontinued operations is set forth below:

	Year Ended
	2011		2010			2009
	(In millions)
Net sales	$	—	$	—		$	—
Income (loss) before income taxes(1)		—		0.7			(6.7	)
Income tax benefit		—		(0.1	)		—
Income (loss) from discontinued operations		—		0.8			(6.7	)

(1) Includes foreign currency transaction (losses) and gains of ($0.3) million in fiscal 2011, $1.7 million in fiscal 2010, and ($1.6) million in fiscal 2009.