Discontinued Operations (Tables)

6 Months Ended

Jul. 02, 2017

Discontinued Operations [Abstract]

Results of discontinued operations and schedule of major classes of assets and liabilities

The following table summarizes the results of the Absorbent Products business within discontinued operations for each of the periods presented:

	Three Months Ended				Six Months Ended
(in thousands) (unaudited)	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
Net sales	$	-	$	18,469	$	421	$	39,024
Cost of sales		(17)		(17,220)		(485)		(36,042)
Selling and general expenses		2		(738)		(24)		(1,414)
Gain on divestiture, net		709		-		11,413		-
Other income		430		(3)		2,078		(3)
Earnings from discontinued operations before provision for income taxes		1,124		508		13,403		1,565
Provision for income taxes from discontinued operations		353		170		4,450		526
Earnings from discontinued operations, net of tax	$	771	$	338	$	8,953	$	1,039

The following table summarizes the major classes of assets and liabilities of the Absorbent Products business held for sale for each of the periods presented:

(in thousands)	July 2, 2017 (Unaudited)		December 31, 2016
Accounts receivable, net	$	2,351	$	13,781
Inventories		-		10,747
Property, plant and equipment, net		2,984		34,365
Assets held for sale	$	5,335	$	58,893
Accounts payable	$	17	$	5,245
Accrued liabilities		-		1,008
Liabilities held for sale	$	17	$	6,253