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DISCONTINUED OPERATIONS (Table)
9 Months Ended
Sep. 30, 2014
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 aggregate financial results of all discontinued operations were as follows:

 
 
(In thousands)
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales
 
$
79,099

 
$
88,258

 
$
275,612

 
$
277,625

Loss from discontinued operations before income taxes(1)
 
(19,642
)
 
(2,642
)
 
(24,317
)
 
(6,045
)
Income tax benefit
 
5,470

 
1,068

 
6,849

 
2,379

Loss on sale businesses (2)
 
$
(5,105
)
 
$

 
$
(9,529
)
 
$

Loss from discontinued operations
 
$
(19,277
)
 
$
(1,574
)
 
$
(26,997
)
 
$
(3,666
)

(1) - Loss from discontinued operations before income taxes includes approximately $17.6 million of held for sale impairment expense in the three and nine months ended September 30, 2014.

(2) - Net of tax benefit for the three and nine months ended September 30, 2014 of $3.0 million and $5.8 million, respectively.

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

 
 
 
 
 
 
September 30, 2014
Assets held for sale:
 
 
 
 
 
 
Receivables, net
 
 
 
 
 
$
73,021

Inventories, net
 
 
 
 
 
52,469

Property, plant, and equipment, net
 
 
 
 
 
34,973

Goodwill
 
 
 
 
 
106,531

Intangibles
 
 
 
 
 
62,719

Other assets
 
 
 
 
 
4,028

Reserve for assets held for sale
 
 
 
 
 
(17,530
)
Total assets held for sale, current
 
 
 
 
 
$
316,211

Liabilities held for sale
 
 
 
 
 
 
Accounts payable
 
 
 
 
 
$
21,170

Accrued expenses
 
 
 
 
 
11,066

Income taxes payable
 
 
 
 
 
298

Other current liabilities
 
 
 
 
 
16,471

Deferred tax liabilities, net
 
 
 
 
 
28,262

Other liabilities
 
 
 
 
 
36

Total liabilities held for sale, current
 
 
 
 
 
$
77,303