Enerpac Tool Group Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables) (Electrical)

3 Months Ended

Nov. 30, 2013

Electrical

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following is a summary of the assets and liabilities of discontinued operations (in thousands):



	November 30, 2013		August 31, 2013
Accounts receivable, net	$	36,781	$	41,247
Inventories, net	56,422		55,142
Property, plant & equipment, net	9,977		9,545
Goodwill	76,989		76,877
Other intangible assets, net	85,083		84,387
Other assets	4,854		5,408
Assets of discontinued operations	$	270,106	$	272,606

Trade accounts payable	$	19,192	$	19,824
Other current liabilities	13,770		12,984
Deferred income taxes	9,544		9,376
Other long-term liabilities	10,727		10,896
Liabilities of discontinued operations	$	53,233	$	53,080

The following table summarizes the results of discontinued operations (in thousands):



	Three months ended November 30,
	2013			2012
Net sales	$	63,012		$	69,439

Operating income	5,229			8,108
Income tax expense	(2,197		)	(2,316		)
Income from discontinued operations, net of taxes	$	3,032		$	5,792

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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