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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2019
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:







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



For the years ended December 31,

(in thousands)

2019

 

2018

 

2017

Net sales

$

 -

 

$

 -

 

$

421 

Cost of sales

 

 -

 

 

65 

 

 

(675)

Selling and general expenses

 

 -

 

 

 -

 

 

(25)

Gain on divestiture, net

 

 -

 

 

 -

 

 

11,413 

Other income (expense)

 

2,126 

 

 

 -

 

 

2,753 

Earnings from discontinued operations before provision for income taxes

 

2,126 

 

 

65 

 

 

13,887 

Provision for income taxes from discontinued operations

 

446 

 

 

14 

 

 

4,242 

Earnings from discontinued operations, net of tax

$

1,680 

 

$

51 

 

$

9,645 



During the third quarter of 2019, the Company recognized Other income from the settlement of a lawsuit for breach of contract.  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:







 

 

 

 

 



 

 

 

 

 



Year Ended December 31,

(in thousands)

2019

 

2018

Accounts receivable, net

$

 -

 

$

375 

Assets held for sale

$

 -

 

$

375