Note 4 - Divestitures

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Unusual or Infrequent Items, or Both, Disclosure [Text Block]

4.

Divestitures

During the

first

quarter of

2016,

the company sold its tangible and intangible assets relating to a marine product line that it acquired as part of its acquisition of Selco A/S in

2011.

In connection with this sale, the company recorded a loss on sale of the product line of

$1.4

million reflected within selling, general, and administrative expenses for the year ended

December

31,

2016.

This loss was recognized as an “other” charge for segment reporting purposes.