Notes to Consolidated Financial Statements (continued) As of 2012 year end there was $10.2 million of unrecognized compensation cost related to non-vested stock option compensation arrangements that is expected to be recognized as a charge to earnings over a weighted-average period of 1.8 years.
Performance Awards Performance awards, which are granted as performance share units and performance-based RSUs, are earned and expensed using the fair value of the award over a contractual term of three years based on the company’s performance.
Vesting of the performance awards is dependent upon performance relative to pre-defined goals for revenue growth and return on net assets for the applicable performance period.
For performance achieved above a certain level, the recipient may earn additional shares of stock, not to exceed 100% of the number of performance awards initially granted.
The performance share units have a three year performance period based on the results of the consolidated financial metrics of the company.
The performance-based RSUs have a one year performance period based on the results of the consolidated financial metrics of the company followed by a two year cliff vesting schedule.
The fair value of performance awards is calculated using the market value of a share of Snap-on’s common stock on the date of grant.
The weighted-average grant date fair value of performance awards granted during 2012, 2011 and 2010 was $60.00, $55.97 and $41.01, respectively.
Vested performance share units approximated 213,000 shares as of 2012 year end and 54,208 shares as of 2011 year end; there were no vested performance share units as of 2010 year end.
Performance share units of 53,990 shares were paid out in 2012; no performance share units were paid out in 2011 or 2010.
Earned performance share units are generally paid out following the conclusion of the applicable performance period upon approval by the Organization and Executive Compensation Committee of the company’s Board of Directors (the “Board”).
Based on the company’s 2012 performance, 95,047 RSUs granted in 2012 were earned; assuming continued employment, these RSUs will vest at the end of fiscal 2014.
Based on the company’s 2011 performance, 159,970 RSUs granted in 2011 were earned; assuming continued employment, these RSUs will vest at the end of fiscal 2013.
Based on the company’s 2010 performance, 169,921 RSUs granted in 2010 were earned; these RSUs vested as of fiscal 2012 year end and were paid out shortly thereafter.
As a result of employee retirements, 2,706 of the RSUs earned in 2010 vested pursuant to the terms of the related award agreements and were paid out in the first quarter of 2011.
The changes to the company’s non-vested performance awards in 2012 are as follows:
## Table 0 ##
* Weighted-average As of 2012 year end there was approximately $14.1 million of unrecognized compensation cost related to non-vested performance awards that is expected to be recognized as a charge to earnings over a weighted-average period of 1.6 years.
Stock Appreciation Rights (“SARs”) The company also issues SARs to certain key non-U.
S.  employees.
SARs are granted with an exercise price equal to the market value of a share of Snap-on’s common stock on the date of grant and have a contractual term of ten years and vest ratably on the first, second and third anniversaries of the date of grant.
SARs provide for the cash payment of the excess of the fair market value of Snap-on’s common stock price on the date of exercise over the grant price.
SARs have no effect on dilutive shares or shares outstanding as any appreciation of Snap-on’s common stock value over the grant price is paid in cash and not in common stock.
Other income (expense) – net was expense of $0.4 million in 2012 and $1.0 million in 2011.
Other income (expense) – net primarily includes interest income and hedging and currency exchange rate transaction gains and losses.
See Note 16 to the Consolidated Financial Statements for information on other income (expense) – net.
Snap-on’s effective income tax rate on earnings attributable to Snap-on was 32.8% in 2012 and 33.0% in 2011.
See Note 8 to the Consolidated Financial Statements for further information on income taxes.
Net earnings attributable to Snap-on in 2012 were $306.1 million or $5.20 per diluted share.
Net earnings attributable to Snap-on in 2011 of $276.3 million, or $4.71 per diluted share, included an $11.1 million after-tax gain, or $0.19 per diluted share, from the arbitration settlement with CIT.
Exit and Disposal Activities Snap-on recorded costs of $16.5 million for exit and disposal activities in 2012 as compared to $12.2 million of such costs in 2011.
See Note 7 to the Consolidated Financial Statements for information on Snap-on’s exit and disposal activities.
Segment Results Snap-on’s business segments are based on the organization structure used by management for making operating and investment decisions and for assessing performance.
Snap-on’s reportable business segments are: (i) the Commercial & Industrial Group; (ii) the Snap-on Tools Group; (iii) the Repair Systems & Information Group; and (iv) Financial Services.
The Commercial & Industrial Group consists of business operations serving a broad range of industrial and commercial customers worldwide, primarily through direct and distributor channels.
The Snap-on Tools Group consists of business operations primarily serving automotive service technicians through the company’s worldwide mobile tool distribution channel.
The Repair Systems & Information Group consists of business operations serving other professional vehicle repair customers worldwide, primarily owners and managers of independent repair shops and original equipment manufacturer (“OEM”) dealership service and repair shops, through direct and distributor channels.
Financial Services consists of the business operations of Snap-on’s finance subsidiaries.
Snap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings.
Snap-on accounts for intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments.
Identifiable assets by segment are those assets used in the respective reportable segment’s operations.
Corporate assets consist of cash and cash equivalents (excluding cash held at Financial Services), deferred income taxes, pension assets and certain other assets.
All significant intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results.
Commercial & Industrial Group
## Table 1 ##
NM: Not meaningful Segment net sales of $1,125.9 million in 2012 increased $0.1 million from 2011 levels; excluding $23.7 million of unfavorable foreign currency translation, organic sales increased $23.8 million or 2.2%.
The higher year-over-year organic sales primarily reflects a mid single-digit sales increase to customers in critical industries and a double-digit sales gain in the emerging markets of Asia.
These increases were partially offset by a mid single-digit sales decline in the segment’s European-based hand tools business as a result of continued market weakness in that region.
Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued) Segment gross profit of $415.0 million in 2012 compared with $415.2 million last year, and gross margin of 36.9% in 2012 was unchanged from 2011.
Gross profit in 2012 and 2011 reflects restructuring costs of $3.6 million and $2.9 million, respectively, primarily to improve the segment’s cost structure in Europe.
Segment operating expenses of $287.7 million in 2012 decreased $4.1 million from 2011 levels.
The operating expense margin of 25.6% in 2012 improved 30 basis points from 25.9% last year primarily due to benefits from organic sales volume leverage and savings from ongoing RCI initiatives, partially offset by higher restructuring costs in Europe.
Restructuring costs included in operating expenses were $5.3 million and $2.7 million in 2012 and 2011, respectively.
As a result of these factors, segment operating earnings of $127.3 million in 2012, including $3.3 million of higher yearover-year restructuring costs, increased $3.9 million, or 3.2%, from 2011 levels; favorable foreign currency effects in 2012 contributed $3.9 million.
Operating margin (segment operating earnings as a percentage of segment net sales) for the Commercial & Industrial Group of 11.3% in 2012 increased 30 basis points from 11.0% last year.
## Table 2 ##
Segment net sales of $1,272.0 million in 2012 increased $118.6 million, or 10.3%, from 2011 levels.
Excluding $4.1 million of unfavorable foreign currency translation, organic sales increased $122.7 million, or 10.7%, reflecting a doubledigit sales increase in the company’s U. S.  franchise operations and a mid single-digit sales increase in the company’s international franchise operations.
Segment gross profit of $543.1 million in 2012 increased $36.7 million from 2011 levels.
Gross margin of 42.7% in 2012 decreased 120 basis points from 43.9% last year primarily due to increased promotional programs associated with sales gains, and higher restructuring costs.
Gross profit in 2012 reflects $7.1 million of restructuring costs, including $6.8 million for the settlement of a pension plan following the 2011 closure of the company’s former Newmarket, Canada, facility; restructuring costs in 2011 totaled $3.7 million.
Segment operating expenses of $366.7 million in 2012 increased $18.8 million from 2011 levels primarily due to higher volume-related and other expenses, partially offset by savings from ongoing RCI initiatives.
Restructuring costs included in operating expenses were $0.1 million and $0.6 million in 2012 and 2011, respectively.
The operating expense margin of 28.8% in 2012 improved 140 basis points from 30.2% last year primarily due to benefits from sales volume leverage and contributions from ongoing RCI initiatives.
As a result of these factors, segment operating earnings of $176.4 million in 2012, including $2.0 million of unfavorable foreign currency effects, increased $17.9 million, or 11.3%, from 2011 levels.
Operating margin for the Snap-on Tools Group of 13.9% in 2012 improved 20 basis points from 13.7% last year.
Gross profit of $352.0 million in the fourth quarter of 2012 increased $16.2 million as compared to $335.8 million last year, and gross margin of 46.7% in the quarter improved 110 basis points from 45.6% last year.
The year-over-year improvement in gross margin primarily reflects savings from ongoing RCI initiatives and lower restructuring costs.
No restructuring costs were incurred in the fourth quarter of 2012; gross profit in the fourth quarter of 2011 included $3.9 million of restructuring costs.
Operating expenses of $240.6 million in the fourth quarter of 2012 increased $8.6 million as compared to $232.0 million last year, primarily due to higher volume-related and other expenses.
No restructuring costs were incurred in the fourth quarter of 2012; restructuring costs included in operating expenses totaled $0.5 million in the fourth quarter of 2011.
The fourth-quarter 2012 operating expense margin of 31.9% increased 40 basis points from 31.5% last year.
Operating earnings before financial services of $111.4 million in the fourth quarter of 2012 increased $7.6 million from 2011 levels.
As a percentage of sales, operating earnings before financial services of 14.8% in the quarter increased 70 basis points from 14.1% last year.
Financial services operating earnings of $29.3 million on revenue of $42.9 million in the fourth quarter of 2012 compares with operating earnings of $22.1 million on revenue of $35.5 million last year.
The year-over-year increases in both revenue and operating earnings primarily reflect the growth in the company’s on-book finance portfolio.
Operating earnings of $140.7 million in the fourth quarter of 2012 increased $14.8 million, or 11.8%, as compared with operating earnings of $125.9 million last year.
As a percentage of revenues, operating earnings of 17.7% in the fourth quarter of 2012 improved 140 basis points from 16.3% last year.
Interest expense of $14.4 million in the fourth quarter of 2012 compared with interest expense of $13.5 million last year.
See Note 9 to the Consolidated Financial Statements for information on Snap-on’s debt and credit facilities.
Other income (expense) – net was income of $0.1 million in the fourth quarter of 2012 as compared to expense of $1.0 million last year.
See Note 16 to the Consolidated Financial Statements for information on other income (expense) – net.
Snap-on’s effective income tax rate on earnings attributable to Snap-on was 32.0% in the fourth quarter of 2012 and 33.0% in the fourth quarter of 2011.
See Note 8 to the Consolidated Financial Statements for information on income taxes.
Net earnings attributable to Snap-on of $84.6 million, or $1.43 per diluted share, in the fourth quarter of 2012 compared with net earnings attributable to Snap-on of $74.3 million, or $1.27 per diluted share, in the fourth quarter of 2011.
Segment Results Commercial & Industrial Group
## Table 3 ##
Segment net sales of $275.6 million in the fourth quarter of 2012 decreased $19.8 million, or 6.7%, from 2011 levels; excluding $1.7 million of unfavorable currency translation, organic sales decreased $18.1 million or 6.2%.
The lower year-over-year organic sales includes double-digit declines in sales to the military and in the segment’s European-based hand tools business as a result of continued economic weakness in that region.
These decreases were partially offset by sales gains in other critical industries, as well as a double-digit sales gain to customers in the emerging markets of Asia.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Shares<i>(in thousands)</i></td><td>Fair ValuePrice perShare*</td></tr><tr><td>Non-vested performance awards at beginning of year</td><td>707</td><td>$48.87</td></tr><tr><td>Granted</td><td>203</td><td>60.00</td></tr><tr><td>Vested</td><td>-379</td><td>41.01</td></tr><tr><td>Cancellations and other</td><td>-22</td><td>44.93</td></tr><tr><td>Non-vested performance awards at end of year</td><td>509</td><td>59.36</td></tr></table>
<table><tr><td><i>(Amounts in millions)</i></td><td colspan="2">2012</td><td colspan="2">2011</td><td colspan="2">Change</td></tr><tr><td>External net sales</td><td>$940.6</td><td>83.5%</td><td>$955.9</td><td>84.9%</td><td>$-15.3</td><td>-1.6%</td></tr><tr><td>Intersegment net sales</td><td>185.3</td><td>16.5%</td><td>169.9</td><td>15.1%</td><td>15.4</td><td>9.1%</td></tr><tr><td>Segment net sales</td><td>1,125.9</td><td>100.0%</td><td>1,125.8</td><td>100.0%</td><td>0.1</td><td>NM</td></tr><tr><td>Cost of goods sold</td><td>-710.9</td><td>-63.1%</td><td>-710.6</td><td>-63.1%</td><td>-0.3</td><td>NM</td></tr><tr><td>Gross profit</td><td>415.0</td><td>36.9%</td><td>415.2</td><td>36.9%</td><td>-0.2</td><td>NM</td></tr><tr><td>Operating expenses</td><td>-287.7</td><td>-25.6%</td><td>-291.8</td><td>-25.9%</td><td>4.1</td><td>1.4%</td></tr><tr><td>Segment operating earnings</td><td>$127.3</td><td>11.3%</td><td>$123.4</td><td>11.0%</td><td>$3.9</td><td>3.2%</td></tr></table>
<table><tr><td><i>(Amounts in millions)</i></td><td colspan="2">2012</td><td colspan="2">2011</td><td colspan="2">Change</td></tr><tr><td>Segment net sales</td><td>$1,272.0</td><td>100.0%</td><td>$1,153.4</td><td>100.0%</td><td>$118.6</td><td>10.3%</td></tr><tr><td>Cost of goods sold</td><td>-728.9</td><td>-57.3%</td><td>-647.0</td><td>-56.1%</td><td>-81.9</td><td>-12.7%</td></tr><tr><td>Gross profit</td><td>543.1</td><td>42.7%</td><td>506.4</td><td>43.9%</td><td>36.7</td><td>7.2%</td></tr><tr><td>Operating expenses</td><td>-366.7</td><td>-28.8%</td><td>-347.9</td><td>-30.2%</td><td>-18.8</td><td>-5.4%</td></tr><tr><td>Segment operating earnings</td><td>$176.4</td><td>13.9%</td><td>$158.5</td><td>13.7%</td><td>$17.9</td><td>11.3%</td></tr></table>
<table><tr><td></td><td colspan="4">Fourth Quarter</td><td colspan="2"></td></tr><tr><td><i>(Amounts in millions)</i></td><td colspan="2">2012</td><td colspan="2">2011</td><td colspan="2">Change</td></tr><tr><td>External net sales</td><td>$236.8</td><td>85.9%</td><td>$250.8</td><td>84.9%</td><td>$-14.0</td><td>-5.6%</td></tr><tr><td>Intersegment net sales</td><td>38.8</td><td>14.1%</td><td>44.6</td><td>15.1%</td><td>-5.8</td><td>-13.0%</td></tr><tr><td>Segment net sales</td><td>275.6</td><td>100.0%</td><td>295.4</td><td>100.0%</td><td>-19.8</td><td>-6.7%</td></tr><tr><td>Cost of goods sold</td><td>-170.6</td><td>-61.9%</td><td>-189.0</td><td>-64.0%</td><td>18.4</td><td>9.7%</td></tr><tr><td>Gross profit</td><td>105.0</td><td>38.1%</td><td>106.4</td><td>36.0%</td><td>-1.4</td><td>-1.3%</td></tr><tr><td>Operating expenses</td><td>-73.1</td><td>-26.5%</td><td>-73.4</td><td>-24.8%</td><td>0.3</td><td>0.4%</td></tr><tr><td>Segment operating earnings</td><td>$31.9</td><td>11.6%</td><td>$33.0</td><td>11.2%</td><td>$-1.1</td><td>-3.3%</td></tr></table>

Question: What was the average value of the Segment net sales and 5 Cost of goods sold in the years where External net sales is positive? (in million)
Answer: 53.2
Reasoning program: subtract(295.4,189.0), divide(#0,const_2)