Dispositions and Special Charges (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation of Pretax Loss of Discontinued Operations to Loss of Discontinued Operations

Below is a summary of the impact on net sales, net income (loss) and net income (loss) per share from discontinued operations for the three and six month periods ended June 30, 2018 and 2017. A reconciliation of pretax income (loss) of Discontinued operations to the Net Income (loss) of discontinued operations is as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Net sales	$	0.0		$	0.0		$	0.0		$	117.0
Cost of sales	0.0			0.0			0.0			102.9
Gross profit	0.0			0.0			0.0			14.1
Selling, distribution & administrative expenses	(0.4		)	1.4			0.0			20.0
Special charges	0.0			4.4			(0.7		)	28.3
Operating income (loss) from discontinued operations	0.4			(5.8		)	0.7			(34.2		)
Interest and other (income) expenses, net	(0.1		)	0.2			(0.3		)	0.5
Income (loss) from discontinued operations before income taxes	0.5			(6.0		)	1.0			(34.7		)
Provision (benefit) for income taxes	0.1			(0.5		)	0.2			(0.4		)
Net income (loss) from discontinued operations	$	0.4		$	(5.5	)	$	0.8		$	(34.3	)
Net income (loss) per share – basic	$	0.01		$	(0.15	)	$	0.02		$	(0.93	)
Net income (loss) per share – diluted	$	0.01		$	(0.15	)	$	0.02		$	(0.92	)

Special Charge Liabilities

The following table details liabilities related to the sold NATG segment’s leases and other costs and liabilities that remain from the sold Misco Germany business as of June 30, 2018 (in millions):

	ETG – Lease liabilities and other costs		NATG – Lease liabilities and other exit costs			Total
Balance January 1, 2018	$	1.2	$	19.0		$	20.2
Charged to expense (income)	0.0		(0.1		)	(0.1		)
Paid or otherwise settled	(0.1)		(5.9		)	(6.0		)
Balance June 30, 2018	$	1.1	$	13.0		$	14.1