Divestiture-Related Activities (Tables)

9 Months Ended

Sep. 25, 2011

Schedule Of Operating Results Of Operations Treated As Discontinued Operations


	Three Months Ended					Nine Months Ended
	September 25, 2011			September 26, 2010		September 25, 2011			September 26, 2010
	(Dollars in thousands)
Net revenues	$	56,980		$	97,952	$	197,332		$	316,146
Costs and other expenses		43,694			83,809		177,449			280,556
Gain (loss) on disposition⁽¹⁾		(4	)		—		52,265			38,562

Income from discontinued operations before income taxes		13,282			14,143		72,148			74,152
Provision for income taxes⁽² ⁾		2,969			2,595		(4,810	)		29,215

Income from discontinued operations		10,313			11,548		76,958			44,937
Less: Income from discontinued operations attributable to noncontrolling interest		125			113		443			346

Income from discontinued operations attributable to common shareholders	$	10,188		$	11,435	$	76,515		$	44,591

(1)

Gain on disposition for the nine months ended September 25, 2011 includes curtailment and settlement losses of approximately $11.5 million on the pension and other postretirement obligations that were transferred to the buyer in connection with the sale of the marine business and an adjustment related to pension and other postretirement liabilities of $3.5 million that occurred during the second quarter of 2011.

(2)

The provision for income taxes for the nine months ended September 25, 2011 was impacted favorably by the realization of net tax benefits resulting from the resolution (including the expiration of statutes of limitation) of U.S. federal, state, and foreign tax matters relating to prior years and by the tax on the gain from sale of the marine business being incurred at significantly lower than statutory effective tax rates.

Schedule Of Net Assets And Liabilities Of The Discontinued Operations


	(Dollars in thousands)
Net assets	$	109,979

Net liabilities		(36,399	)


	$	73,580

Schedule Of Assets And Liabilities Held For Sale


	September 25, 2011		December 31, 2010
	(Dollars in thousands)
Assets held for sale:
Accounts receivable, net	$	32,651	$	—
Inventories, net		53,155		—
Other current assets		1,661		—
Property, plant and equipment, net		25,879		7,959
Other assets		4,947		—

Total assets held for sale	$	118,293	$	7,959

Liabilities held for sale:
Current liabilities	$	49,005	$	—
Noncurrent liabilities		4,526		—

Total liabilities held for sale	$	53,531	$	—