Discontinued Operations (Notes)

12 Months Ended

Dec. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

DISCONTINUED OPERATIONS

In the fourth quarter of 2011, we made the strategic decision to end the operations of our TMS operating segment.  We had invested in its operations for the last few years, but had difficulty gaining traction in the market and working through issues in the manufacturing process.  Therefore, we determined that we would not achieve future success in this operation and chose to shut down operations rather than invest further. For the years ended December 31, 2012, 2011 and 2010, operating losses of $0.1 million, $6.8 million and $3.8 million, net of tax, respectively, were reflected as discontinued operations in the accompanying consolidated statements of income (loss). Net sales associated with the discontinued operations for the years ended December 31, 2012, 2011 and 2010 were $0.1 million, $0.9 million and $1.0 million, respectively.  The tax related to the discontinued operations was immaterial for 2012 and was $0.1 million and $0.1 million of tax expense for December 31, 2011 and 2010, respectively.

In the second quarter of 2012, we decided to cease production of our non-woven composite materials operating segment located in Rogers, Connecticut in an effort to redeploy resources to focus more on our Core Strategic operations. Sales of non-woven products have been steadily declining for several years and totaled approximately $5.3 million for the year ended December 31, 2012 and $4.8 million for the year ended December 31, 2011 and $5.0 million for the year ended December 31, 2010. Manufacturing operations were complete by the end of 2012 and last sales out of inventory are expected to end in the first quarter of 2013. For the year ended December 31, 2012, operating loss of $0.1 million and for the year ended December 31, 2011 and 2010, operating losses of $0.4 million and $0.2 million, net of tax, respectively, were reflected as discontinued operations in the accompanying consolidated statements of income (loss). The tax related to the discontinued operations was $0.1 million , $0.2 million and $0.1 million of tax expense for December 31, 2012, 2011 and 2010, respectively.