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Equity Investment

6 Months Ended

Jun. 30, 2011

NOTE 7. EQUITY INVESTMENT

Investment in joint venture of $194.7 million at June 30, 2011 reflected the equity interest in our 50% investment in our Worthington Armstrong Venture ("WAVE") joint venture. Condensed income statement data for WAVE is summarized below:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Net sales	$	86.6	$	92.2	$	185.1	$	169.4
Gross profit		36.8		39.5		80.1		72.4
Net earnings		28.5		31.6		63.9		56.8

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

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