Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.4.0.6
Discontinued Operations
 3 Months Ended
Nov. 30, 2011
Discontinued Operations [Abstract]  
Discontinued Operations

Note 3. Discontinued Operations

In the second quarter of fiscal 2011, the Company completed the sale of the European Electrical business for total cash proceeds of $3.5 million, net of transaction costs. As a result of the sale transaction, the Company recognized a pre-tax loss on disposal of $15.8 million. The following table summarizes the results of the European Electrical business, which has been reported as discontinued operations for all periods presented (in thousands):

 

     Three Months ended
November 30, 2010		  

Net sales

    $ 25,301   

Loss from operations

      (687 )

Income tax expense

      84   
  

 

 

  

Loss from discontinued operations, net of income tax

    $ (771 )