Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v2.4.0.6
Discontinued Operations (Tables)
 12 Months Ended
Aug. 31, 2012
Discontinued Operations

discontinued operations for all periods presented. The following table summarizes the results of discontinued operations (in thousands):

 

     Year Ended August 31,  
     2011     2010  

Net sales

    $ 49,305      $ 105,661   

Net gain (loss) on disposal

      (15,829 )      334   

Loss from operations of divested business (1)

      (1,157 )      (41,525 ) 

Income tax (expense) benefit (2)

      4,049        (5,134 ) 
  

 

 

    

 

 

  

Loss from discontinued operations, net of income tax

    $ (12,937 )    $ (46,325 ) 
  

 

 

    

 

 

  

 

(1) Includes non-cash asset impairment charge of $36.1 million (European Electrical) in fiscal 2010 — see Note 6, “Impairment Charges.”
(2) Fiscal 2010 includes incremental tax expense of $4.3 million related to provision to return adjustments and the correction of prior period income tax amounts (correction amounts are immaterial to previously reported periods and the current year).