Disposed and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Results of discontinued operations [Table Text Block]

Summarized results of the Company’s discontinued operations are as follows:



	Years Ended December 31,
	2014			2013			2012
Revenue	$	568,991		$	1,970,965		$	1,918,035

Loss on sale, including impairments, net of tax	$	(3,691	)	$	(35,473	)	$	(50,818	)

Earnings from operations before taxes	13,611			209,293			241,023
(Provision) benefit for income taxes	(12,825		)	31,782			(29,210		)
Earnings from operations, net of tax	786			$	241,075		$	211,813

(Loss) earnings from discontinued operations, net of tax	$	(2,905	)	$	205,602		$	160,995

Assets and liabilities of discontinued operations [Table Text Block]

Assets and liabilities of discontinued operations are summarized below:



	December 31, 2014		December 31, 2013
Assets of Discontinued Operations
Accounts receivable ⁽¹⁾	$	46,691	$	403,539
Inventories, net	58,401		229,465
Prepaid and other current assets	8,571		84,814
Total current assets	113,663		717,818
Property, plant and equipment, net	31,573		401,600
Goodwill and intangible assets, net	181,798		1,633,587
Other assets and deferred charges	137		26,058
Total assets	$	327,171	$	2,779,063

Liabilities of Discontinued Operations
Accounts payable ⁽¹⁾	$	21,199	$	278,607
Other current liabilities	17,675		153,788
Total current liabilities	38,874		432,395
Deferred income taxes	8,752		60,361
Other liabilities	3,092		42,865
Total liabilities	$	50,718	$	535,621

At December 31, 2014, the assets and liabilities of discontinued operations primarily relate to Datamax O'Neil and Sargent Aerospace, which were held for sale on that date. At December 31, 2013, the assets and liabilities of discontinued operations relate to those businesses mentioned above, as well as DEK International, which was sold on July 2, 2014 and Knowles, which was spun off on February 28, 2014.


(1)	Amounts at December 31, 2013 include estimated credits and liabilities associated with tax obligations in foreign jurisdictions resulting from value-added tax for the Multitest business within ECT. Accounts receivable includes $93,598 of credits. Accounts payable includes $76,443 of liabilities and $18,279 of interest. These balances were settled in 2014.