This excerpt taken from the CSK 10-Q filed Aug 18, 2005.
Loss on Divestiture of Bourgeot:
On April 18, 2005, the Company completed the sale of the assets of its French wine and spirits label operation, Bourgeot Etiqso Lesbats (Bourgeot), to Autajon Group. The sale price was 1.16 million (approximately $1.5 million at the sale date). The Company incurred a pre-tax and after-tax, non-cash loss on the sale of $3.0 million in the second quarter of 2005, which is included in loss on divestitures and plant closures in the accompanying consolidated statement of earnings. The transaction was a sale of substantially all of the assets of the operation, including machinery, equipment and inventory, and an assignment by the Company of the rights, and an assumption by the buyer of the obligations, under certain contracts related to the Bourgeot operation, including a lease for the plant building and substantially all of the post-closing employee obligations and contracts. The Company retained the trade accounts receivable and trade accounts payable of Bourgeot, as well as employee obligations pertaining to the operations of Bourgeot prior to the sale date.