v2.4.0.6

Other Operating (Income) Loss, Net and Foreign Currency (Gain) Loss, Net

6 Months Ended

Jun. 30, 2012

Other Operating (Income) Loss, Net and Foreign Currency (Gain) Loss, Net [Abstract]

Other Operating (Income) Loss, Net and Foreign Currency (Gain) Loss, Net

Note 10.  Other Operating (Income) Loss, Net and Foreign Currency Loss (Gain), Net

For the three months ended June 30, 2012, Other operating (income) loss, net was income of $0.2 million associated with foreign currency gains. For the three months ended July 2, 2011, Other operating (income) loss, net was a loss of $1.0 million which included (i) a loss of $1.2 million associated with foreign currency losses and (ii) income of $0.2 million associated with a customer licensing agreement related to a third-party manufacture of product.

For the six months ended June 30, 2012, Other operating (income) loss, net was income of $0.5 million associated with foreign currency gains. For the five months ended July 2, 2011, Other operating (income) loss, net was a loss of $1.2 million which included (i) a loss of $1.5 million associated with foreign currency losses and (ii) income of $0.3 million associated with a customer licensing agreement related to a third-party manufacture of product. For the one month ended January 28, 2011, Other operating (income) loss, net was income of $0.6 million which included (i) income of $0.5 million associated with foreign currency gains and (ii) income of $0.1 million associated with a customer licensing agreement related to a third-party manufacture of product.

Foreign Currency Loss (Gain), Net

For international subsidiaries which have the U.S. dollar as their functional currency, local currency transactions are remeasured into U.S. dollars, using current rates of exchange for monetary assets and liabilities. Gains and losses from the remeasurement of such monetary assets and liabilities are reported in Other operating (income) loss, net in the Consolidated Statements of Operations. Likewise, for international subsidiaries which have the local currency as their functional currency, gains and losses from the remeasurement of monetary assets and liabilities not denominated in the local currency are reported in Other operating (income) loss, net in the Consolidated Statements of Operations. Additionally, currency gains and losses have been incurred on intercompany loans between subsidiaries, and to the extent that such loans are not deemed to be permanently invested, such currency gains and losses are also reflected in Foreign currency and other loss, net in the Consolidated Statements of Operations.

The Company includes gains and losses on receivables, payables and other operating transactions as a component of operating income in Other operating (income) loss, net. Other foreign currency gains and losses, primarily related to intercompany loans and debt and other non-operating activities, are included in Foreign currency and other loss, net.

The Company’s foreign currency loss (gain), net is shown in the table below (in thousands):

		Successor																		Predecessor
		Three Months Ended June 30, 2012				Three Months Ended July 2, 2011				Six Months Ended June 30, 2012				Five Months Ended July 2, 2011						One Month Ended January 28, 2011
Included in Other operating (income) loss, net		$	(159	)		$	1,158			$	(519	)		$	1,472					$	(504	)
Included in Foreign currency and other loss, net			2,139				52				1,811				300						150
		$	1,980			$	1,210			$	1,292			$	1,772					$	(354	)

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.3,6,7,9)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 3, 6, 7, 9

-Article 5

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