Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The assets and liabilities of discontinued operations have been segregated on the consolidated balance sheets as of December 31, 2014 and 2013.

	December 31,
(in thousands)	2014		2013
Assets of Discontinued Operations:
Trade and other receivables, net	$	16,044	$	14,224
Inventories, net	8,294		6,580
Prepaid and other current assets	811		1,235
Property, plant and equipment, net	24,754		24,736
Goodwill	9,298		9,298
Other intangibles, net	10,472		12,007
Other non-current assets	—		64
Total assets of discontinued operations	$	69,673	$	68,144
Liabilities of Discontinued Operations:
Trade payables	$	6,252	$	5,870
Accrued liabilities	3,986		3,533
Accrued pension liability	1,794		1,165
Other liabilities	1,666		1,753
Total liabilities of discontinued operations	$	13,698	$	12,321

The net income from discontinued operations includes the following:

	Year Ended December 31,
(in thousands)	2014			2013			2012
Net sales	$	103,392		$	104,154		$	164,043
Operating income	16,423			9,188			18,388
Interest and other expense	(9		)	(141		)	(127		)
Tax provision	(6,479		)	(3,258		)	(6,025		)
Income from discontinued operations, net of tax	9,935			5,789			12,236
Gain on disposal of assets	71			27,573			21
Tax provision	(29		)	(12,674		)	—
Gain on disposal of assets, net of tax	42			14,899			21
Net income from discontinued operations	$	9,977		$	20,688		$	12,257