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Discontinued Operations
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
The operating results for the Legacy Businesses are presented in our Condensed Consolidated Statements of Operations as discontinued operations for all periods presented and reflect revenues and expenses that are directly attributable to these businesses that were eliminated from our ongoing operations.
The key components of the results of discontinued operations were as follows:
 
 
Three Months Ended
 
 
March 31,
(In millions)
 
2018
 
2017
Net revenue
 
$
—

 
$
—

Cost of goods sold
 
—

 
—

  Gross profit
 
—

 
—

Selling, general and administrative
 
0.4

 
2.0

Restructuring and other
 
0.1

 
0.1

Other (income) expense
 
—

 
(0.1
)
Loss from discontinued operations, before income taxes
 
(0.5
)
 
(2.0
)
Income tax benefit
 
0.1

 
—

Loss from discontinued operations, net of income taxes
 
$
(0.4
)
 
$
(2.0
)

Loss from discontinued operations, net of income taxes for the three months ended March 31, 2018 decreased by $1.6 million compared to the same period last year mainly due to decrease in selling, general and administrative expenses.
Current liabilities of discontinued operations of $4.2 million as of March 31, 2018 included $0.7 million of accounts payable, $0.6 million of customer credit and rebate accruals, and $2.9 million of other current liability amounts. Current liabilities of discontinued operations of $5.3 million as of December 31, 2017 included accounts payable of $0.9 million, $0.7 million of customer credit and rebate accruals and $3.7 million of other current liabilities.
Other liabilities of discontinued operations of $9.2 million as of March 31, 2018 included $4.1 million due to IOENGINE, LLC (“IOENGINE”), $1.0 million due to CMC Magnetic Corp. (“CMC”), $1.0 million of withholding tax, $0.8 million of tax contingencies, and $2.3 million of other liabilities. Other liabilities of discontinued operations of $9.1 million as of December 31, 2017 included $4.1 million due to IOENGINE, $1.0 million due to CMC, $1.0 million of withholding tax, $0.9 million of tax contingencies and $2.1 million of other liabilities. See Note 15 - Litigation, Commitments and Contingencies for additional information on the CMC and IOENGINE settlements.