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Discontinued Operations
 6 Months Ended
Jun. 30, 2011
Discontinued Operations  
Discontinued Operations

16. Discontinued Operations

During 2009, the Company discontinued the operations of H.M. White. The Company terminated its facility lease in Detroit, Michigan and all property and equipment held by H.M. White was sold at net book value to its former owner. Accordingly, there was no gain or loss associated with the sale of H.M. White's assets.

The results of H.M. White are presented as discontinued operations for all periods in the consolidated financial statements. The Company did not allocate general corporate interest expense to H.M. White.

Operating results of discontinued operations are as follows:

 

$ in thousands    Three months ended
June  30,		     Six months ended
June  30,		  
     2011      2010     2011     2010  

Net sales

    $ 0       $ 305      $ 0      $ 433   
  

 

 

     

 

 

    

 

 

    

 

 

  

Loss from discontinued operations, before income taxes

      0         (153 )      (0 )      (266 ) 

Income tax benefit

      0         (58 )      (0 )      (101 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

Loss from discontinued operations

      0       $ (95 )    $ 0      $ (165 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

 

Assets and liabilities related to discontinued operations consisted of the following:

 

$ in thousands    June 30,
2011		      December 31,
2010		  

Assets

      

Accounts receivable

    $ 36       $ 45   

Prepaid expenses and other

      31         31   
  

 

 

     

 

 

  

Total current assets of discontinued operation

    $ 67       $ 76