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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2013
Discontinued Operations  
Summary of condensed operating statements for discontinued operations

 

 

 

Second Quarter Ended

 

Six Months Ended

 

 

 

June 30, 2013

 

July 1, 2012

 

June 30, 2013

 

July 1, 2012

 

 

 

(in millions)

 

Operating income — Flomatic

 

$

 

$

 0.5

 

$

 —

 

$

 0.8

 

Income before income taxes

 

 

0.5

 

 

0.8

 

Income tax expense .

 

 

0.2

 

 

0.3

 

Income from discontinued operations, net of taxes

 

$

 

$

0.3

 

$

 

$

0.5

 

Revenues reported in discontinued operations

 

 

 

Second Quarter Ended

 

Six Months Ended

 

 

 

June 30, 2013

 

July 1, 2012

 

June 30, 2013

 

July 1, 2012

 

 

 

(in millions)

 

Flomatic revenues.

 

$

 

$

3.7

 

$

 

$

6.7

 

Schedule of carrying amounts of major classes of assets and liabilities associated with the assets held in use

 

 

 

June 30,
2013

 

December 31,
2012

 

 

 

(in millions)

 

Inventory and accounts receivable

 

$

4.9

 

$

3.7

 

Prepaid expenses and other assets

 

2.9

 

3.8

 

Property, plant and equipment

 

1.6

 

1.9

 

Goodwill

 

4.2

 

4.2

 

Assets of discontinued operations

 

$

13.6

 

$

13.6

 

 

 

 

 

 

 

Accrued expenses and other liabilities

 

$

2.3

 

$

1.9

 

Deferred income taxes

 

0.3

 

0.3

 

Liabilities of discontinued operations

 

$

2.6

 

$

2.2