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Impairment of Long-Lived Assets
12 Months Ended
Dec. 31, 2011
Impairment of Long-Lived Assets/Goodwill [Abstract]  
Impairment of Long-Lived Assets

Note 5 — Impairment of Long-Lived Assets

In 2010, the Company stated that it was evaluating strategic alternatives regarding its ASMP operations. Although the Company has not committed to a plan to divest ASMP, management believes it would be more likely than not that ASMP would be sold or otherwise disposed of significantly before the end of its previously estimated useful life. Therefore, the Company reviewed the recoverability of ASMP’s long-lived assets.

In performing the review for recoverability, the Company determined that the future expected undiscounted cash flows of ASMP were less than the carrying amount of the assets, indicating the assets had been impaired. The amount of impairment was then measured based on the amount by which the carrying amount of ASMP’s assets exceeded its fair value which was determined by an independent assessment of the amount the assets would be worth to a willing buyer in an open market. Accordingly, in 2011, the Company recorded an impairment charge of $1.1 million related to property, plant and equipment in the OEM segment.

The Company had previously recorded a $0.3 million impairment to OEM property, plant and equipment in 2009.