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Dispositions and Exit Activities

9 Months Ended

Oct. 02, 2011

Dispositions and Exit Activities [Abstract]

DISPOSITIONS AND EXIT ACTIVITIES

2. DISPOSITIONS AND EXIT ACTIVITIES

On March 8, 2011, our senior management, as authorized by our Board of Directors, decided to exit our Energy Services business, which included standby power and systems design, installation and maintenance activities. As a result of management’s ongoing review of our business segments and products, and taking into account the lack of growth and profitability potential of the Energy Services segment as well as its sizeable operating losses over the last several years, we determined it was appropriate to refocus our operations on profitable growth opportunities presented in our other segments, Battery & Energy Products and Communications Systems. In the fourth quarter of 2010, we recorded a non-cash impairment charge of $13,793 to write-off the goodwill and intangible assets and certain fixed assets associated with the standby power portion of our Energy Services business.

The actions taken to exit our Energy Services segment resulted in the elimination of approximately 40 jobs and the closing of five facilities, primarily in California, Florida and Texas, over several months. As of the end of the second quarter of 2011, all exit activities with respect to our Energy Services segment were completed. As a result, the presentation of results herein excludes the Energy Services segment from the results of continuing operations. The following amounts have been reported as discontinued operations for the three- and nine-month periods ended October 2, 2011 and September 26, 2010:

		Three-Month Periods Ended								Nine-Month Periods Ended
		October 2,				September 26,				October 2,				September 26,
		2011				2010				2011				2010
Net sales		$	—			$	2,469			$	3,895			$	7,884
Loss from discontinued operations			—				(1,333	)			(3,796	)			(2,845	)
Provision for income taxes			—				(133	)			—				(129	)
Loss from discontinued operations, net of tax			—				(1,466	)			(3,796	)			(2,974	)

Included in the Loss from discontinued operations described above, we recorded the following exit charges:

		Three-Months Ended				Nine-Months Ended
		October 2, 2011				October 2, 2011
Inventory and fixed asset write-downs		$	—			$	941
Employee related, including termination benefits			—				703
Lease termination costs			—				250
Other costs			—				1,030
Total Exit Costs		$	—			$	2,924
Cash Component		$	—			$	1,984

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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 420

-SubTopic 10

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 146

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Name Staff Accounting Bulletin (SAB)

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 420

-SubTopic 10

-Section S99

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