XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Assets Held for Sale and Net Gain on Disposition
3 Months Ended
Mar. 31, 2012
Assets Held for Sale and Net Gain on Disposition [Abstract]  
Assets Held for Sale and Net Gain on Disposition

4. Assets Held for Sale and Net Gain on Disposition

As part of our restructuring efforts to improve our cost structure and cash flow, we closed certain facilities and designated them as assets held for sale. At the time of designation, we ceased recognizing depreciation expense on these assets. As of March 31, 2012 and December 31, 2011, total assets held for sale were $1.6 million and $2.3 million respectively, and were included in “Other current assets” in our Consolidated Balance Sheets. During the quarter ended March 31, 2012, we sold certain real properties held for sale that resulted in a $0.6 million gain recorded in “Selling, general, and administrative” expenses in the Consolidated Statements of Operations. We continue to actively market the remaining properties that are held for sale. Due to the fact that, as of March 31, 2012, the remaining properties are all land, depreciation expense is not impacted.