8. Divestiture

On June 29, 2011, the Company sold its Affinity business for $15.2 million in cash, including a post-closing purchase price adjustment based upon the net working capital of Affinity as of the closing date of $1.2 million, which was recorded as a receivable at June 30, 2011 and collected during the third quarter of 2011. Affinity designed and manufactured high precision, specialty engineered temperature-control equipment for semiconductor, pharmaceutical, life sciences and industrial applications. The Company recorded a gain on sale, net of transaction costs and income taxes, of $3.9 million in the quarter ended June 30, 2011. The condensed consolidated financial statements have been retroactively restated to reflect Affinity as a discontinued operation for all periods presented.

The following table is a summary of the results of the discontinued operation for the periods ended September 30, 2011 and 2010:

	Quarter Ended					Nine Months Ended
	September 30,					September 30,
In thousands	2011		2010			2011		2010
Net Sales	$	-	$	6,006		$	13,255	$	15,952

Income before income taxes		-		395			1,374		985
Income tax (benefit) expense		-		(524	)		499		(324	)
Income from discontinued operations		-		919			875		1,309
Gain on sale of discontinued operations, net of tax of $2,229		-		-			3,857		-
Income from discontinued operations, net of tax	$	-	$	919		$	4,732	$	1,309