Discontinued Operations Discontinued Operations Income statement (Tables)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes the operating results of the Company’s discontinued operations related to the sale described above for the years ended December 31, 2017 and 2016, as presented in “Net (loss) income from discontinued operations, net of tax” on the Consolidated Statements of Income (in thousands):

	Year Ended December 31,
	2017			2016
Revenue	$	111,130		$	498,233
Cost of goods sold	100,084			424,161
Operating expenses	8,369			22,330
Impairment on net assets of discontinued operations (1)	—			26,677
Operating income	2,677			25,065
Interest and other income (expense), net (2)	1,204			(9,136		)
Income from discontinued operations before taxes	3,881			15,929
Provision for income taxes	3,598			8,252
Equity in (loss) earnings of unconsolidated subsidiaries	(534		)	175
(Loss) income from discontinued operations, net of tax	(251		)	7,852
Loss on sale of discontinued operations, net of tax (3)	(6,495		)	—
Net (loss) income from discontinued operations	$	(6,746	)	$	7,852

Cash Flows from Discontinued Operations [Table Text Block]

The following table summarizes the significant non-cash operating activities, capital expenditures and investments in unconsolidated subsidiaries of the Company's discontinued operations related to the glass manufacturing business (in thousands):

	Period from January 1			Period from April 21
	to March 1,			to December 31,
	2017			2016
Non-cash operating activities:
Depreciation and amortization	$	—		$	7,752
Impairment of net assets of discontinued operations	—			26,677
Deferred income taxes	—			(4,516		)
Capital Expenditures	(3,598		)	(24,156		)
Investments in unconsolidated subsidiaries	—			(4,400		)

Fair Value, by Balance Sheet Grouping [Table Text Block]

The major classes of assets and liabilities related to the glass manufacturing business as of December 31, 2016 were as follows (in thousands):

	December 31, 2016
Cash and cash equivalents	$	7,116
Receivables, net	77,442
Inventories	71,952
Prepaid expenses and other current assets	42,426
Property, plant and equipment, net	199,136
Other assets	64,166
Valuation allowance	(5,598		)
Total assets from discontinued operations	$	456,640
Accounts payable	$	72,696
Other current liabilities	37,104
Long-term obligations	1,648
Other noncurrent liabilities (includes pension and post-retirement obligations)	33,656
Total liabilities from discontinued operations	145,104
Net assets from discontinued operations	$	311,536