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Divestiture-related activities | 9 Months Ended
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Sep. 29, 2013
Divestiture-related activities | Note 17 — Divestiture-related activities When dispositions occur in the normal course of business, gains or losses on the sale of such businesses or assets are recognized in the statement of income (loss) line item Gain on sales of businesses and assets. In the second quarter of 2012, the Company sold a building, with a net book value of zero, that had been classified as an asset held for sale and realized a gain of approximately $0.3 million. Assets Held for Sale The table below provides information regarding assets held for sale at September 29, 2013 and December 31, 2012. 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 |
Discontinued Operations The Company has recorded $1.7 million of income during the nine month period ended September 29, 2013 and $0.9 million and $1.1 million of expense during the three and nine month periods ended September 30, 2012, respectively, associated with retained liabilities related to businesses that have been divested. On August 26, 2012, the Company completed the sale of the orthopedic business of its OEM Segment to Tecomet Inc. for $45.2 million in cash and realized a loss of $39 thousand, net of tax, from the sale of the business. 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.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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