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Discontinued Operation
6 Months Ended
Dec. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operation

Note  2.

Discontinued Operation

During December 2013, the Company completed the discontinuance of its tellurium product line by exiting all business activities associated with this product.  This product line previously was serviced by Pacific Rare Specialty Metals & Chemicals, Inc. (“PRM”) and was included as part of the Performance Products segment.  Prior periods have been restated to present this product line on a discontinued operation basis.   The revenues and earnings of the tellurium product line have been reflected as a discontinued operation for the periods presented as follows: ($000):

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Revenues

 

$

-

 

 

$

697

 

 

$

-

 

 

$

1,849

 

Earnings from discontinued operation before income taxes

 

 

-

 

 

 

131

 

 

 

-

 

 

 

133

 

Income tax benefit (expense)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Earnings from discontinued operation, net of taxes

 

$

-

 

 

$

131

 

 

$

-

 

 

$

133