Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations

2. Discontinued Operations

Divestitures and Permanent Closures

Operations that are disposed of or permanently shut down represent discontinued operations, and, therefore, the results of their operations through the dates of disposal and any gain or loss on disposals are included in discontinued operations in the consolidated statements of earnings and comprehensive earnings. The results of operations for divestitures do not include Corporate overhead that was allocated during the periods the Corporation owned these operations.

All discontinued operations relate to the Aggregates business. Discontinued operations consist of the following:

		Three Months Ended June 30,					Six Months Ended June 30,
	2012		2011			2012			2011
		(Dollars in Thousands)
Net sales	$	—	$	17,187		$	—		$	32,812
Pretax gain (loss) on operations	$	342	$	(1,701	)	$	1		$	(3,442	)
Pretax loss on disposals		—		—			354			—
Pretax gain (loss)		342		(1,701	)		(353	)		(3,442	)
Income tax expense (benefit)		26		(749	)		(75	)		(1,034	)
Net earnings (loss)	$	316	$	(952	)	$	(278	)	$	(2,408	)