XML 45 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of restructuring
The restructuring charges are presented in the following table.
 
2014
 
2013
 
2012
Segment
Cost of sales
Selling, general and administrative
Total
 
Cost of sales
Selling, general and administrative
Total
 
Cost of sales
Selling, general and administrative
Total
Distribution
$

$
764

$
764

 
$

$
194

$
194

 
$

$
727

$
727

Material Handling
189

260

449

 
178

47

225

 



Corporate



 

17

17

 

318

318

Total
$
189

$
1,024

$
1,213

 
$
178

$
258

$
436

 
$

$
1,045

$
1,045

Lawn and Garden Segment and WEK [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
Summarized selected financial information for the Lawn and Garden business and WEK for the years ended December 31, 2014, 2013 and 2012 are presented in the following table:
 
 
Year Ended
 
 
December 31,
 
 
2014*
 
2013
 
2012
Net sales
 
$
204,716

 
$
240,477

 
$
245,616

Income (loss) from discontinued operations before income taxes
 
$
(30,038
)
 
$
(394
)
 
5,145

Income tax expense (benefit)
 
(9,408
)
 
46

 
1,690

Income (loss) from discontinued operations
 
(20,630
)
 
(440
)
 
3,455

Net gain on sale of discontinued operations, net of tax of $1.6 million
 
2,988

 

 

Income (loss) from discontinued operations
 
$
(17,642
)
 
$
(440
)
 
3,455

 
 
 
 
 
 
 
* Includes WEK operating results through June 20, 2014.







The assets and liabilities of discontinued operations are stated separately as of December 31, 2014 and 2013, respectively, in the Consolidated Statements of Financial Position and are comprised of the following items:
 
 
Year Ended December 31,
 
 
2014
 
2013
Assets
 
 
 
 
Accounts receivable-net
 
$
29,794

 
$
37,527

Inventories
 
50,951

 
53,401

Prepaid expenses and other current assets
 
1,709

 
1,832

Goodwill
 
9,107

 
9,567

Patents and other intangible assets, net
 
6,030

 
6,860

Property, plant and equipment, net
 
38,168

 
51,028

Net asset impairment
 
(18,858
)
*

Other
 
874

 
353

Total Assets Held for Sale
 
$
117,775

 
$
160,568

 
 
 
 
 
Liabilities
 
 
 
 
 Accounts payable
 
$
22,239

 
$
29,366

 Accrued expenses and other liabilities
 
4,883

 
18,503

Total Liabilities Held for Sale
 
$
27,122

 
$
47,869


*Impairment includes $8.3 million of cumulative translation credit adjustment associated with the Lawn and Garden group.
Lawn And Garden [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of restructuring
Restructuring charges related to discontinued operations for the year ended 2014, 2013 and 2012 are presented in the following table:
 
Year Ended
December 31,
 
2014
 
2013*
 
2012*
Severance and personnel
$
1,743

 
$
2,614

 
$
487

Other exit costs
3,762

 
6,189

 
1,198

Total
$
5,505

 
$
8,803

 
$
1,685


*Includes WEK restructuring charges of $0.2 million and $1.2 million in 2013 and 2012, respectively.