XML 31 R9.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 2 - Dispositions & Exit Activities | 12 Months Ended
--- | ---
Dec. 31, 2013
Disclosure Text Block Supplement [Abstract] |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | Note 2- Dispositions & Exit Activities 2012 Activity Ultralife Batteries UK, Ltd. During the fourth quarter of 2012, we elected not to renew the lease for our U.K. manufacturing facility which expired on March 24, 2013, and to relocate our sales and services operations to a smaller facility. As a result of this decision, we were required to restore the facility back to its original condition per a previous contractual commitment. The costs associated with the lease exit did not become determinable until late in the fourth quarter of 2012. Accordingly, we recorded a liability as of the end of 2012 for our the estimated costs to return the facility to its original condition as well as other related expenses that resulted in $228 being charged to selling, general, and administrative costs related to operations transferred to our facilities in Newark, NY, and an additional $815 being recorded as discontinued operations for those operations that were not transferred to our facilities in Newark, NY. The termination of the lease led to no employee reductions or other termination costs, with the exception of the aforementioned restoration costs. We paid these costs in full in the first quarter of 2013 and recorded a gain from discontinued operations for the difference between estimated and actual costs. As a result, the Consolidated Statements of Comprehensive Income (Loss) herein exclude the discontinued Ultralife Batteries UK, Ltd. operations from the results of continuing operations. The following amounts have been reported as discontinued operations for years ended December 31, 2013 and 2012:
|  |  | Years Ended December 31, |
|  |  | 2013 |  |  |  | 2012 |
Net sales |  | $ | - |  |  | $ | - |
Gain (loss) from discontinued operations |  |  | 241 |  |  |  | (815 | )
(Provision) benefit for income taxes |  |  | - |  |  |  | - |
Gain (loss) from discontinued operations, net of tax |  | $ | 241 |  |  | $ | (815 | )
RedBlack Communications, Inc. On February 16, 2012, we announced our intention to divest our RedBlack Communications, Inc. (“RedBlack”) business in 2012. RedBlack was a wholly owned subsidiary of ours based in Hollywood, Maryland, that designed, integrated and fielded mobile, modular and fixed site communication and electronic systems. We determined that RedBlack offered limited opportunities to achieve the operating thresholds of our new business model. On September 28, 2012, we entered into and closed a Stock Purchase Agreement (the “Agreement”) to sell 100% of our capital stock in RedBlack to BCF Solutions, Inc. In exchange for the sale of RedBlack, we received $2,533 as a purchase price, comprised of cash at closing in the amount of $2,133, funds held in escrow for up to one year in the amount of $250, as well as $150 to be available for RedBlack employee retention programs. Amounts charged to expense of $125 are due to customary post-closing working capital adjustments that have been recognized over the course of 2013. The Agreement contains customary representations and warranties that will survive for a period of two or three years. The Agreement also contains customary indemnification for breaches of the representations and warranties identified in the Agreement. Pursuant to the Agreement, we are prohibited from engaging or participating with any current customer of RedBlack in any business, directly or indirectly, that competes with the business conducted by RedBlack for two years. We are also prohibited from hiring, soliciting, or recruiting any current employee, independent contractor, or consultant of BCF Solutions, Inc. or RedBlack for two years. Commencing with the first quarter of 2012, the results of the RedBlack operations and related divestiture costs have been reported as a discontinued operation. As a result, the Consolidated Statements of Operations and Comprehensive Income (Loss) herein exclude the RedBlack operations from the results of continuing operations. The following amounts have been reported as discontinued operations for years ended December 31, 2013 and 2012:
|  | Years Ended December 31, |
|  | 2013 |  |  | 2012 |
Net sales |  | $ | - |  |  | $ | 3,404 |
Loss from discontinued operations |  |  | (125 | ) |  |  | (7 | )
(Provision) benefit for income taxes |  |  | - |  |  |  | 174 |
Income (Loss) from discontinued operations, net of tax |  | $ | (125 | ) |  | $ | 167 |
Prior Activity As it relates to our operations closed prior to 2012, we reported income of $12 and $147 for the years ended December 31, 2013 and 2012, respectively. Income in both years is due entirely to adjustments to reserves that were established as of the closure of the business as our actual experience has differed from our expectations at that time.

X
- Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
Name: | us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration