DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2016

DISCONTINUED OPERATIONS [Abstract]

DISCONTINUED OPERATIONS

Note 2: Discontinued Operations

In 2005, we sold substantially all the assets of our Chemicals business to Basic Chemicals, a subsidiary of Occidental Chemical Corporation. The financial results of the Chemicals business are classified as discontinued operations in the accompanying Condensed Consolidated Statements of Comprehensive Income for all periods presented. There were no revenues from discontinued operations for the periods presented. Results from discontinued operations are as follows:

	Three Months Ended		Nine Months Ended
	September 30		September 30
in thousands	2016	2015	2016	2015
Discontinued Operations
Pretax loss	$       (5,135)	$       (3,974)	$    (12,312)	$    (11,627)
Income tax benefit	2,022	1,577	4,861	4,561
Loss on discontinued operations,
net of tax	$       (3,113)	$       (2,397)	$       (7,451)	$       (7,066)

The losses from discontinued operations noted above include charges related to general and product liability costs, including legal defense costs, and environmental remediation costs associated with our former Chemicals business.These losses resulted primarily from charges associated with the Lower Passaic and Texas Brine matters as further discussed in Note 8.