v2.4.0.6
Gain on Sale of Investment
12 Months Ended
Dec. 31, 2011
Gain on Sale of Investment

Gain on Sale of Investment

 

 

In 2009, the Company sold its minority ownership interest in Redbox Automated Retail, LLC to Coinstar, Inc., the majority owner, for total consideration of $144.9 million. As a result of the transaction, the Company recognized a nonoperating pretax gain of $94.9 million (after tax–$58.8 million or $0.05 per share).