Divestiture-related activities (Tables)

9 Months Ended

Sep. 29, 2013

As of September 29, assets held for sale consisted of four buildings and certain other assets which the Company is actively marketing.


	September 29, 2013		December 31, 2012
	(Dollars in thousands)
Assets held for sale:
Property, plant and equipment	$	10,435	$	7,963

Total assets held for sale	$	10,435	$	7,963

Operating Results of Operations Treated as Discontinued Operations

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:


	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Net revenues	$	—		$	2,789		$	—		$	16,616
Costs and other expenses		38			3,582			(1,746	)		17,093
Goodwill impairment⁽¹⁾		—			—			—			9,700
Gain (loss) on disposition⁽²⁾		—			(38	)		—			2,226

Income (loss) from discontinued operations before income taxes		38			(831	)		(1,746	)		(7,951	)
Provision for income taxes⁽³⁾		(991	)		1,690			(1,547	)		(1,668	)

Income (loss) from discontinued operations		1,029			(2,521	)		(199	)		(6,283	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—

Income (loss) from discontinued operations attributable to common shareholders	$	1,029		$	(2,521	)	$	(199	)	$	(6,283	)

(1)	In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2)	The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

(3)	The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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