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NOTE 24 DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2011
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 24 DISCONTINUED OPERATIONS


On December 3, 2009, we finalized and consummated the transaction to dispose of our investment in Bankhaus Oswald Kruber GmbH & Co. KG (BOK), a German banking entity, for proceeds of $11,443 and recognized a pre-tax gain of $4,034 on the disposition. Management concluded that BOK met and continued to meet the definition of a discontinued operation through the date of disposition. Accordingly, the results of BOK are classified as discontinued in the accompanying consolidated financial statements. For segment reporting purposes, the operations of BOK are included in Corporate Items and Other. Results of discontinued operations, including both the operations of BOK and the gain on the disposition of BOK, for the years ended December 31 are as follows:


   

2011

   

2010

   

2009

 
Revenue   $ —     $ —     $ 78  
Operating expenses     —       —       298  
Loss from operations     —       —       (220 )
Other income, net (1)     —       —       4,709  
Income before income taxes     —       —       4,489  
Income tax expense (benefit) (2)     —       (4,383 )     1,368  
Net income   $ —     $ 4,383     $ 3,121  

(1) Other income for 2009 includes the gain of $4,034 gain that we recognized on the disposition of our investment in BOK.
   
(2) We recorded an income tax benefit of $4,383 in 2010 to recognize the effect of additional tax losses.