Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Discontinued Operations - As of December 31, 2015, the Company was actively negotiating the sale of substantially all of the assets and liabilities of its South African personal protective equipment distribution business and its Zambian operations with a potential acquirer. The transaction closed on February 29, 2016. The Company received $15.9 million from the closing of this transaction. The impact of the sale is not significant to net income or earnings per share. The operations of this business qualify as a component of an entity under FASB ASC 205-20 "Presentation of Financial Statements - Discontinued Operations", and thus the operations have been reclassified as discontinued operations and prior periods have been reclassified to conform to this presentation.

Summarized financial information for discontinued operations is as follows:

	Year ended December 31,
(In thousands)	2015		2014			2013
Discontinued Operations
Net sales	$	43,043	$	47,516		$	52,692
Other income, net	580		660			40
Cost and expenses:
Cost of products sold	34,764		38,259			41,181
Selling, general and administrative	6,680		7,650			7,389
Restructuring and other charges	14		—			—
Currency exchange losses (gains), net	266		(116		)	(325		)
Income from discontinued operations before income taxes	1,899		2,383			4,487
Provision for income taxes	574		607			1,426
Income from discontinued operations, net of tax	1,325		1,776			3,061

The following assets and liabilities are included in the balance sheet line items noted below and are included in the International Segment detail in Note 7.

	December 31,
(In thousands)	2015		2014
Discontinued Operations assets and liabilities
Trade receivables, less allowance for doubtful accounts	$	4,832	$	6,638
Inventories	8,499		11,829
Net property	449		342
Other assets	791		2,022
Total assets	14,571		20,831
Accounts payable	2,745		5,263
Accrued and other liabilities	748		991
Total liabilities	3,493		6,254
Net assets	11,078		14,577

The following summary provides financial information for discontinued operations related to net loss (income) related to noncontrolling interests:

	Year ended December 31,
(In thousands)	2015			2014			2013
Net loss (income) attributable to noncontrolling interests
Loss from continuing operations	$	2,971		$	1,296		$	870
Loss (income) from discontinued operations	(108		)	(717		)	(672		)
Net loss	2,863			579			198