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DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
 
In the second quarter of 2013 we exited three small operations:

We closed our final location that produced fabricated wire components used in large home appliances, thereby discontinuing that line of business. This operation, which was previously in our Industrial Materials segment, was part of a restructuring plan that began in the fourth quarter of 2011. Tax benefits related to this business were recorded in the second quarters of both 2012 and 2013.
We divested the specialty trailers portion of the Commercial Vehicle Products Unit. This branch was previously part of the Specialized Products segment. No significant gains or losses were realized on the sale of this business.
We placed for sale a cotton-based erosion control products operation that was previously part of the Industrial Materials Segment. Charges of $1.9 were recorded in the second quarter of 2013 to reflect estimates of fair value less

costs to sell, including $1.5 of fixed asset impairments as discussed in Note 12. The remaining net book value of assets held for sale related to this business is $.8.
 
Businesses divested in prior years and related subsequent activity have also been reported as discontinued operations as follows:

We received a cash litigation settlement in the second quarter of 2012 associated with our former Prime Foam Products unit.  This unit was sold in March 2007 and was previously part of the Residential Furnishings segment. 

The table below includes activity related to these operations:
 
Six Months Ended June 30,
 
Three Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
External sales:
 
 
 
 
 
 
 
Industrial Materials - fabricated wire components used in large home appliances
$
4.1

 
$
6.1

 
$
1.2

 
$
3.2

Specialized Products - the specialty trailers portion of the Commercial Vehicles Products Unit
.5

 
1.6

 
.1

 
1.0

Total external sales
4.6

 
7.7

 
1.3

 
4.2

 
 
 
 
 
 
 
 
Earnings (loss):
 
 
 
 
 
 
 
Residential Furnishings - Prime Foam Products Unit

 
3.9

 

 
3.9

Industrial Materials:
 
 
 
 
 
 
 
    Fabricated wire components used in large home appliances
1.0

 
(.8
)
 
.2

 
(.2
)
    Cotton-based erosion control products
(2.6
)
 
(.6
)
 
(2.3
)
 
(.3
)
Specialized Products - the specialty trailers portion of the Commercial Vehicles Products Unit
(.7
)
 
(.5
)
 
(.4
)
 
(.1
)
Earnings (loss) before interest and income taxes
(2.3
)
 
2.0

 
(2.5
)
 
3.3

Income tax benefit
9.2

 
5.3

 
9.3

 
4.8

Earnings from discontinued operations (net of tax)
$
6.9

 
$
7.3

 
$
6.8

 
$
8.1