9.	Other Assets

	December 31,
	2011		2010
	(In thousands)
Equity in joint ventures	$	-	$	435
Deferred financing costs, net		3,772		4,922
Long term receivables		-		1,679
Other		7,145		6,559
Total other assets, net	$	10,917	$	13,595

Included in the above caption “Other” is $5.9 million and $6.0 million of assets held in a nonqualified defined contribution pension plan for the year ended December 31, 2011 and 2010, respectively.

Joint Venture Operations

In December 2011, we sold our 50% equity ownership investment in a joint venture located in Europe for cash proceeds of $3 million. The gain on the sale of our investment of $2.5 million is recorded in other non-operating income, net in our consolidated statements of operations. Prior to the sale, our ownership interest in this joint venture was accounted for on the equity method.

The following is summarized selected financial information from this joint venture for the years ended December 31, 2011, 2010 and 2009 through the date of its sale:

	As of December 31,
Selected Financial Information	2011		2010
	(In thousands)
Current assets	$	-	$	750
Non-current assets		-		540
Current liabilities		-		420
Non-current liabilities		-		-

	Year Ended December 31,
	2011		2010		2009
			(In thousands)
Net sales	$	4,230	$	3,427	$	3,139
Costs and expenses		3,507		2,990		2,725
Net earnings	$	723	$	437	$	414