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Discontinued Operations
3 Months Ended
Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
On January 28, 2013, the company sold its Jackson business, which designed, manufactured and sold warewashing equipment and other equipment including racks and tables, to Hoshizaki USA Holdings, Inc. for approximately $38.5 million. Proceeds, net of estimated tax liability, were used to reduce ratably the then-outstanding balances of Term Loans A and B. The transaction resulted in a $1.6 million loss on sale, which included $3.3 million of income tax expense. During March 2013, Hoshizaki USA Holdings, Inc. made a payment to the company of $0.7 million as the final working capital adjustment under the sale agreement. The results of these operations have been classified as discontinued operations.
The following selected financial data of the Jackson business for the three months ended March 31, 2013 and 2012 is presented for informational purposes only and does not necessarily reflect what the results of operations would have been had the business operated as a stand-alone entity.  There was no general corporate expense or interest expense allocated to discontinued operations for this business during the periods presented. 
 
 
Three Months Ended
March 31,
(in millions)
 
2013
 
2012
Net sales
 
$
2.5

 
$
8.2

 
 
 
 
 
Pretax earnings from discontinued operation
 
$
0.1

 
$
0.2

Provision for taxes on earnings
 

 
0.3

Net earnings (loss) from discontinued operation
 
$
0.1

 
$
(0.1
)
 
The following selected financial data of various other businesses disposed of prior to 2012, primarily consisting of administrative costs, for the three months ended March 31, 2013 and 2012, is presented for informational purposes only and does not necessarily reflect what the results of operations would have been had the businesses operated as stand-alone entities.  There was no general corporate expense or interest expense allocated to discontinued operations for these businesses during the periods presented.
 
 
Three Months Ended
March 31,
(in millions)
 
2013
 
2012
Net sales
 
$

 
$

 
 
 
 
 
Pretax loss from discontinued operations
 
$
(0.3
)
 
$
(0.4
)
Provision (benefit) for taxes on earnings
 
(0.1
)
 
(0.1
)
Net loss from discontinued operations
 
$
(0.2
)
 
$
(0.3
)