Divestiture

6 Months Ended

Jun. 30, 2012

Divestiture

6. Divestiture

On June 29, 2011, the Company sold its Affinity business for $15.2 million in cash. 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 discontinued operations:

	Quarter Ended		Six Months Ended
In thousands	June 30, 2011		June 30, 2011
Net sales	$	6,818	$	13,255
Income before income taxes		989		1,374
Income tax expense		362		499
Income from discontinued operations		627		875
Gain on sale of discontinued operations, net of tax of $2,229		3,857		3,857
Income from discontinued operations, net of tax	$	4,484	$	4,732