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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2012
Discontinued Operations  
Results from discontinued operations, including impairments and losses recorded in operating expenses

 

 

(in thousands)

 

 

 

Year Ended

 

 

 

December 31

 

 

 

2010 *

 

Net sales

 

$

33,372

 

Cost of sales

 

28,073

 

Gross profit

 

5,299

 

Operating expenses

 

6,683

 

Impairment charge

 

21,350

 

Loss on sale

 

657

 

Other expenses

 

28

 

Loss from discontinued operations

 

(23,419

)

Benefit from income taxes from discontinued operations

 

(7,207

)

Loss from discontinued operations, net of tax

 

$

(16,212

)

 

* The Company sold the discontinued operation on August 31, 2010.

Schedule of net assets and liabilities related to discontinued operations, valued at their book value sold

 

 

(in thousands)

 

 

 

 

 

Accounts receivable

 

$

11,925

 

Inventory

 

18,164

 

Other current assets

 

30

 

Accounts payable

 

(436

)

Other accrued liabilities

 

(680

)

Total net assets sold

 

$

29,003

 

Schedule of net loss of on the sale of discontinued operations

 

 

(in thousands)

 

 

 

 

 

Net proceeds received

 

$

28,346

 

Carrying value of net assets sold

 

29,003

 

Loss on sale

 

$

657