9. Assets held for sale

During the year ended December 31, 2012, the Company completed the sale of two buildings¸ which were classified as assets held for sale, for a sales price of $12.2 million. The Company realized proceeds equal to the carrying value, less cost to sell, of these buildings and there was no gain or loss on the sale. The Company recorded the assets held for sale at fair market value, based on factors that included recent purchase offers less estimated selling costs.