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Sale of Business | 12 Months Ended
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Dec. 31, 2013
Sale of Business | 3. Sale of business On March 30, 2012, the company completed the sale of its interest in its South African joint venture and reported a pretax gain of $10.6 million, which was reported as a reduction of selling, general and administrative expense in the company’s consolidated statement of income. Since the sale, the company has served this market through a distributor. The joint venture, which had operations in both of the company’s reporting segments of Services and Technology, generated full year 2011 revenue and pretax income of $39.9 million and $7.9 million, respectively and 2012 (through the date of sale) revenue and pretax income of $47.6 million and $7.6 million, respectively.

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