Impairment of Long-Lived Assets
|
12 Months Ended |
---|---|
Dec. 31, 2012
|
|
Goodwill and Intangible Assets Disclosure [Abstract] | |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets In 2011, as a result of the Company's estimate that it was more likely than not that its ASMP operation would be disposed of significantly before the end of the previously estimated useful lives of certain long-lived assets, the Company reviewed those assets for recoverability. In performing the review for recoverability, the Company determined that the future expected undiscounted cash flows of ASMP were less than the carrying amount of the assets, indicating the assets had been impaired at December 31, 2011. The amount of impairment was then measured based on the amount by which the carrying amount of ASMP’s assets exceeded its fair value, which was determined by an independent assessment of the amount the assets would be worth to a willing buyer in an open market. Accordingly, in 2011, the Company recorded an impairment charge of $1.1 million related to property, plant and equipment in the OEM segment. The Company did not identify any potential indicators of impairment in 2012 related to either its MRO or OEM operating segments. |