XML 48 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
General
9 Months Ended
Sep. 30, 2014
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 September 30, 2014 and December 31, 2013, and the consolidated results of its operations and cash flows for the three and nine months ended September 30, 2014 and 2013.  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 sold its security and certain microphone and receiver operations on January 27, 2014 to Sierra Peaks Corporation. For all periods presented, the Company classified these businesses as discontinued operations, and, accordingly, has reclassified historical financial data presented herein (Note 4).

 

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.