Impairment of Long-Lived Assets

12 Months Ended

Sep. 30, 2011

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

8.    Impairment of Long-Lived Assets

        We own a plant (land and building) located in Augusta, Georgia, which is idle. We have marketed the plant for sale. However, due to the current conditions in the commercial real estate and credit markets, we have been unable to complete a sale transaction. We periodically assess the estimated fair value of the land and building and reduce their carrying values to the estimated fair value as necessary. During fiscal 2009 we recorded an impairment charge of $3,270 to reduce the carrying value of the asset. This impairment charge is included in the consolidated statement of income in selling, general and administrative expenses. At September 30, 2011, the book value of the land and building, which is approximately $8,200, approximates fair value and is included in Other assets.