Nautilus 2012 Annual Report Download - page 25
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Table of Contents
Discontinued Operation
Income from discontinued operation, net of income taxes, was $6.2 million in 2012 , compared to a loss of $1.1 million in 2011 . In the fourth
quarter of 2012, we substantially completed the liquidation of our investment in foreign subsidiaries formerly associated with the Commercial
business. As a result, an accumulated translation adjustment of $6.2 million was removed as a separate component of equity and recognized as a
gain of the discontinued operation. Loss from discontinued operation in 2011 was net of a reduction of $0.9 million in the amount of pre-tax
disposal loss previously estimated in connection with the divestiture of our Commercial business. Some expenses may be incurred in 2013 in
connection with the settlement of contingencies arising from and directly related to our Commercial business prior to its disposal.
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