NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(4) Other Operating Expenses, net

Other operating expenses, net includes gains on sale of fixed assets, net, write-down of impaired assets, restructuring and severance, and other for fiscal years 2007, 2006, and 2005 as follows:

	2007				2006				2005
	(Amounts in thousands)
Gains on sales of fixed assets, net	$	(4,310	)	$	(471	)	$	(2,512	)
Write-down of impaired assets		2,800			1,550			1,900
Restructuring and severance costs		14,012			4,975			2,871
Other		—			—			16,322
	$	12,502		$	6,054		$	18,581

Gains on sales of fixed assets, net:

The gains on sales of fixed assets, net, resulted primarily from the sale of land and buildings. During fiscal 2007, six idle facilities with a carrying value of $5.8 million were sold. During fiscal 2006, four idle facilities with a carrying value of $2.4 million were sold, along with two parcels of land with an aggregate carrying value of $800,000. During fiscal 2005, four facilities, including three that were idle, with a carrying value of $5.9 million, were sold.

Write-down of impaired assets:

In fiscal 2007, 2006 and 2005, Fleetwood determined that the net book value of certain closed manufactured housing facilities exceeded net realizable value. In fiscal 2007, 2006 and 2005, the write-down of assets related to one, three and two idle manufacturing facilities, respectively. Net realizable values were determined based on estimated recoverability upon sale, where appropriate, or other estimates of future cash flows.

Restructuring and severance charges:

Restructuring and severance charges are related to reductions in personnel and plant closures.

Other:

During fiscal 2005, Fleetwood recorded legal charges of $16.3 million, primarily related to litigation with The Coleman Company, Inc.