Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The below amounts related to the BDE business and BDNA were derived from historical financial information. The amounts have been segregated from continuing operations and reported as discontinued operations within the consolidated financial statements. In 2013, the Company recorded a net after-tax gain of $195,317 on the sale of BDNA, net of transaction-related costs of $9,749, whereas pre-tax income from the discontinued operations at BDNA was $6,345. In 2012, the Company recorded income of $15,419 from discontinued operations which included $29,384 of pre-tax income provided by the operations of BDNA, partially offset by the adjustment of a retained liability related to BDE, $10,831 of tax expense and a $886 pre-tax loss on transaction. In 2011, a $10,240 loss from discontinued operations included pre-tax income of $26,929 primarily from the operations of BDNA, more then offset by a $26,709 pre-tax loss on transaction and $10,460 of net tax expense. The 2011 loss on transaction related to the sale of the BDE business included a $16,800 goodwill impairment charge and $8,248 of transaction and employee transaction related costs.

	2013		2012			2011
Net sales	$	93,173	$	301,179		$	415,382
Income before income taxes	5,248		27,136			26,929
Income tax expense	2,359		10,918			11,041
Income from operations of discontinued businesses, net of income taxes	2,889		16,218			15,888
Gain (loss) on transaction	313,708		(886		)	(26,709		)
Income tax expense (benefit) on sale	118,391		(87		)	(581		)
Gain (loss) on the sale of businesses, net of income taxes	195,317		(799		)	(26,128		)
Income (loss) from discontinued operations, net of income taxes	$	198,206	$	15,419		$	(10,240	)