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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events  
Subsequent Events
10. SUBSEQUENT EVENTS

Effective July 1, 2011, Carrier Enterprise's standard payment terms with Carrier for inventory purchases changed. As a result of this change, on July 26, 2011 we amended Carrier Enterprise's revolving credit agreement to provide borrowings of up to $125,000. All other terms and conditions of the credit facility remain the same.

On July 29, 2011, we acquired a 60% controlling interest in Carrier's HVAC/R distribution operations in Mexico for cash consideration of $9,000. Carrier's company-operated Mexico distribution network had revenues of approximately $75,000 in 2010 and operates from six locations with 90 employees servicing its customer base. Products sold include Carrier's complete product line of HVAC equipment and commercial refrigeration products and supplies servicing both the residential and applied commercial markets.