Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

On July 1, 2011, the Company sold its hand torch and solder business to an affiliate of Worthington Industries, Inc. for cash consideration of $51.0 million, $8.0 million of which were held in escrow for a period of one year following the transaction date. As of September 30, 2012, all conditions related to the escrow were satisfied and resolved, and the Company had received $7.8 million from the escrow and recognized the proceeds as a gain from the sale of the hand torch and solder business in discontinued operations.

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the hand torch and solder business (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
Net sales	$	—	$	2.8		$	—	$	58.8
Income from discontinued operations, net of income tax expense of $2.0 and $3.4 for the three and nine months ended September 30, 2011, respectively	$	—	$	4.0		$	—	$	7.1
Gain (loss) on disposal, including income tax expense of $3.4 for the three and nine months ended September 30, 2012, and income tax expense of $1.3 for the three and nine months ended September 30, 2011	1.7		(15.2		)	1.7		(15.2		)
Income (loss) from discontinued operations, net of tax	$	1.7	$	(11.2	)	$	1.7	$	(8.1	)