Divestitures Divestitures (Tables)

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

The major components of Income from discontinued operations (net of tax) for the three-month period ended March 31, 2016 were as follows (in thousands):

	Three Months Ended March 31, 2016
Net sales	$	208,187
Cost of goods sold	113,323
Operating expenses, net	62,853
Interest and financing expenses(a)	10,137
Other income, net	(938		)
Income before income taxes	22,812
Income tax expense	5,500
Income from discontinued operations (net of tax)	$	17,312

(a) Interest and financing expenses included the allocation of interest expense not directly attributable to other operations as well as interest expense related to debt to be assumed by the buyer. The allocation of interest expense to discontinued operations was based on the ratio of net assets held for sale to the sum of total net assets plus consolidated debt.

Depreciation and amortization and capital expenditures from discontinued operationsfor the three-month period ended March 31, 2016 were as follows (in thousands):

	Three Months Ended March 31, 2016
Depreciation and amortization	$	16,943
Capital expenditures	$	5,747