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Other Operating Expenses (Income)
 12 Months Ended
Dec. 31, 2011
Other Operating Expenses (Income) [Abstract]  
Other Operating Expenses (Income)

Note 15 — Other Operating Expenses (Income)

Other Operating (Income) Expenses consisted of the following:

 

      September 30,       September 30,       September 30,  
     (Dollars in thousands)
Year Ended December 31,		  
     2011     2010     2009  
       

Employment tax matter

   $ 1,200     $ —       $ —    

Impairment of long-lived assets

     1,146       —         327  

Share settlement

     —         (4,050 )      —    

Other

     —         —         154  
   

 

 

    

 

 

    

 

 

  

Ending balance

   $ 2,346     $ (4,050 )    $ 481  
   

 

 

    

 

 

    

 

 

  

In 2011, the Company recorded a $1.2 million expense for the estimated cost of settling an employment tax matter related to the classification of the sales representatives of one of the Company’s subsidiaries. For further details, see Note 12 – Commitments and Contingencies.

Also in 2011, an impairment charge of $1.1 million was incurred related to certain assets in our OEM segment.

In 2010, the Company recorded a $4.1 million benefit related to proceeds received from a settlement agreement and legal remedies related to the actions of several former sales representatives and the Share Corporation (“Share”) alleging, among other things, breach of contract and interference with customer relationships. In exchange for the proceeds, the Company agreed to settle all related claims with Share and the former sales representatives.

Other operating expenses in 2009 include $0.2 million related to the investigation by the U.S. Attorney’s Office for the Northern District of Illinois as to whether our sales representatives provided improper gifts or awards to purchasing agents through the Company’s customer loyalty programs. Additionally, in 2009, an impairment charge of $0.3 million was incurred to reduce the carrying value of certain property, plant and equipment to fair value.