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DISPOSITION
 12 Months Ended
Dec. 31, 2016
DISPOSITION [Abstract]  
DISPOSITION
3.
DISPOSITIONS
 
As previously stated, the NATG business has been discontinued and below is a reconciliation of pretax loss from discontinued operations to the net loss from discontinued operations.
 
A reconciliation of pretax loss of Discontinued Operations to the Net Loss of Discontinued Operations is as follows:

  
Year Ended December 31,
 
  
2016
  
2015
  
2014
 
Net sales
 
$
11.8
  
$
1,053.4
  
$
1,338.6
 
Cost of sales
  
13.1
   
997.1
   
1,222.6
 
Gross profit (loss)
  
(1.3
)
  
56.3
   
116.0
 
Selling, general and administrative expenses
  
14.0
   
109.9
   
119.7
 
Special charges, net
  
9.5
   
1.6
   
8.5
 
Operating loss from discontinued operations
  
(24.8
)
  
(55.2
)
  
(12.2
)
Foreign currency exchange (gain) loss
  
0.2
   
(0.5
)
  
0.1
 
Interest and other income, net
  
(0.3
)
  
0.1
   
0.2
 
Loss of discontinued operations before income taxes
  
(24.7
)
  
(54.8
)
  
(12.5
)
Benefit for income tax
  
-
   
(3.3
)
  
(7.0
)
Net loss from discontinued operations
  
(24.7
)
  
(51.5
)
  
(5.5
)
 
In September 2016 the Company sold the operating business of Misco Germany and in December 2016 the Company sold its rebate processing business. Both of these divestures were not considered a major strategic shift and the results of these businesses are reflected in continuing operations.