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General
6 Months Ended
Jun. 30, 2013
General [Abstract]  
General

1.General

 

In the opinion of management, the accompanying consolidated condensed financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly IntriCon Corporation's (“IntriCon” or the “Company”) consolidated financial position as of June 30, 2013 and December 31, 2012, and the consolidated results of its operations for the three and six months ended June 30, 2013 and 2012.  Results of operations for the interim periods are not necessarily indicative of the results of operations expected for the full year or any other interim period.

 

On June 13, 2013, the Company announced a global restructuring plan to accelerate future growth and reduce costs by approximately $3.0 million annually. As part of the restructuring, the Company is in the process of either selling or disposing of the assets relating to its security, microphone and receiver operations. For all periods presented, the Company classified these businesses as discontinued operations, and, accordingly, has reclassified historical financial data presented herein – See Note 4 below.

 

 

The Company has evaluated subsequent events occurring after the date of the consolidated financial statements for events requiring recording or disclosure in the financial statements.