Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations:

On March 22, 2013, we sold our Service Experts business to a majority-owned entity of American Capital, Ltd. (the "Buyer") in an all-cash transaction for net proceeds of $10.4 million, excluding transaction costs. We also entered into a two-year equipment and parts supply agreement with the Buyer. In April 2012, we sold our Hearth business to Comvest Investment Partners IV in an all-cash transaction for net proceeds of $10.1 million, excluding the transaction costs and cash transferred with the business.

There were no assets and liabilities related to the Service Experts or Hearth businesses included in the accompanying Consolidated Balance Sheets as of September 30, 2014 or December 31, 2013, except for insurance casualty loss reserves which we retained after the respective transactions. The gains and losses on the sale of these businesses and their operating results for all periods are presented in discontinued operations in the accompanying Consolidated Statements of Operations. The following table provides a summary of net trade sales, pre-tax operating income (loss) and other supplemental information related to discontinued operations (in millions):

	Service Experts
	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2014		2013			2014		2013
Net trade sales (1)	$	—	$	—		$	—	$	73.5
Pre-tax operating income (loss) (1)	—		(2.3		)	1.1		(17.8		)
Gain (loss) on sale of business	—		—			—		1.7

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit

	Hearth
	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2014			2013		2014			2013
Net trade sales (1)	$	—		$	—	$	—		$	—
Pre-tax operating income (loss) (1)	(0.2		)	—		(2.4		)	0.5
Gain (loss) on sale of business	—			—		—			—

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit