Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The assets and liabilities of discontinued operations were segregated on the consolidated balance sheet as of December 31, 2014. No balances from discontinued operations remain at June 30, 2015.

	December 31,
(in thousands)	2014
Assets of Discontinued Operations:
Trade and other receivables, net	$	16,044
Inventories, net	8,294
Prepaid and other current assets	811
Property, plant and equipment, net	24,754
Goodwill	9,298
Other intangibles, net	10,472
Total assets of discontinued operations	$	69,673
Liabilities of Discontinued Operations:
Trade payables	$	6,252
Accrued liabilities	3,986
Accrued pension liability	1,794
Other liabilities	1,666
Total liabilities of discontinued operations	$	13,698

The net (loss) income from discontinued operations includes the following:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(in thousands)	2015			2014		2015			2014
Net sales	$	—		$	26,946	$	5,952		$	53,306
Operating income	—			5,671		920			10,008
Interest expense and other income	—			3		(10		)	(10		)
Tax provision	—			2,001		365			3,536
Income from discontinued operations, net of tax	—			3,667		565			6,482
(Loss) gain on disposal of assets	(38		)	—		93,416			71
Tax provision	109			—		4,043			29
(Loss) gain on disposal of assets, net of tax	(147		)	—		89,373			42
Net (loss) income from discontinued operations	$	(147	)	$	3,667	$	89,938		$	6,524