Discontinued Operations (Notes)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Hospice

In 2013, Hospice qualified for discontinued operations treatment. In the fourth quarter of 2013, the Company recorded an impairment loss of $140 million to reduce the carrying value of Hospice to fair value. The impairment charge was comprised of $133 million of goodwill impairment and $7 million of impairment taken against the Hospice business trademark. Additionally, in 2014, the Company recorded an impairment loss, which was nondeductible for tax purposes, of $40 million to reduce the carrying value of Hospice to fair value based on the final terms of the divestiture. In the third quarter of 2014, the Company finalized the sale of Hospice for net proceeds of approximately $65 million and recorded an after-tax loss of $8 million.

Retail

In 2013, Retail qualified for discontinued operations treatment. In the fourth quarter of 2013, the Company recorded an impairment loss of $5 million to reduce the carrying value of Retail to fair value less cost to sell based on the estimated terms of the divestiture. In 2014, the Company finalized the sale of Retail for net proceeds of approximately $6 million. 

The results of operations for all periods presented have been revised to reflect the results of Hospice and Retail, including the impairment losses, as well as certain expenses of the Company related to the divestitures as discontinued operations.

Selected financial information related to the discontinued operations follows (in thousands):

	For the year ended December 31,
	2014			2013			2012
Net Sales
Hospice	$	123,136		$	210,041		$	223,135
Retail	10,635			53,759			58,789
Net sales - total discontinued	133,771			263,800			281,924
Income (loss) from operations, pretax
Hospice	3,167			25,120			36,787
Retail	(1,539		)	(1,792		)	56
Income from operations - total discontinued, pretax	1,628			23,328			36,843
Income tax (benefit) expense
Hospice	2,457			10,136			13,889
Retail	(948		)	(627		)	23
Income tax expense - total discontinued	1,509			9,509			13,912
Income (loss) from operations
Hospice	710			14,984			22,898
Retail	(591		)	(1,165		)	33
Income from operations - total discontinued, aftertax	119			13,819			22,931
Impairment loss
Hospice	(39,804		)	(139,783		)	—
Retail	—			(4,956		)	—
Impairment loss on discontinued operations - total	(39,804		)	(144,739		)	—
Income tax (expense) benefit of impairment loss
Hospice	—			2,596			—
Retail	—			—			—
Income tax benefit of impairment loss	—			2,596			—
Income (loss) from discontinued operations
Hospice	(39,094		)	(122,203		)	22,898
Retail	(591		)	(6,121		)	33
Income (loss) from discontinued operations - total	(39,685		)	(128,324		)	22,931