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Subsequent Events | 12 Months Ended
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Dec. 31, 2012
Subsequent Events [Abstract] |
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20. | Subsequent Events
In January 2013, we acquired an approximate 25% minority interest in Orange Electronic Co., Ltd. for $6.3 million. Orange Electronic Co., Ltd. is a manufacturer of tire pressure monitoring system sensors and is located in Taiwan. Our minority interest in Orange Electronic Co., Ltd. will be accounted for using the equity method of accounting. In February 2013, we acquired the original equipment business of Standard Motor Products Ltd., our former affiliate in the U.K., for £4.2 million ($6.4 million). Standard Motor Products Ltd. acted solely as a distributor of original equipment parts manufactured in our Bialystok, Poland manufacturing facility. Incremental revenues from the acquisition will approximate $1 million to $2 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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