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DISCONTINUED OPERATIONS (Table)
6 Months Ended
Jun. 30, 2014
Benshaw [Member]
 
Income Statement Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes the result of the Corporation's Benshaw business as discontinued operations:
 
 
(In thousands)
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales
 
$
14,342

 
$
17,709

 
$
29,029

 
$
38,138

Loss from discontinued operations before income taxes
 
(2,360
)
 
(252
)
 
(3,061
)
 
(319
)
Income tax benefit
 
803

 
161

 
1,068

 
280

Loss on divestiture, after tax of $2754
 
$
(5,144
)
 
$

 
$
(5,144
)
 
$

Loss from discontinued operations
 
$
(6,701
)
 
$
(91
)
 
$
(7,137
)
 
$
(39
)
Vessels [Member]
 
Income Statement Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes the result of the Corporation's Vessels business as discontinued operations:
 
 
(In thousands)
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales
 
$
2,613

 
$
1,324

 
$
3,718

 
$
2,685

Loss from discontinued operations before income taxes
 
(4,902
)
 
(2,423
)
 
(8,054
)
 
(5,037
)
Income tax benefit
 
1,774

 
872

 
2,915

 
1,814

Loss from discontinued operations
 
$
(3,128
)
 
$
(1,551
)
 
$
(5,139
)
 
$
(3,223
)

The aggregate components of the assets classified as held for sale, are as follows:

(In thousands)
 
 
June 30, 2014
Assets held for sale:
 
 
 
Property, plant, and equipment, net
 
 
7,845

Goodwill
 
 
2,954

Total assets held for sale
 
 
10,799