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DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2018
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

 2018 

 

 

 2017 

 

 

 2018 

 

 

 2017 

 

Discontinued Operations

 

 

 

 

 

 

 

 

 

 

 

Pretax earnings (loss)

$          (969)

 

 

$       (1,282)

 

 

$       (2,417)

 

 

$      13,614 

 

Income tax (expense) benefit

 256 

 

 

 (289)

 

 

 639 

 

 

 (5,397)

 

Earnings (loss) on discontinued operations,

 

 

 

 

 

 

 

 

 

 

 

  net of tax

$          (713)

 

 

$       (1,571)

 

 

$       (1,778)

 

 

$        8,217 

 



Our discontinued operations include charges related to general and product liability costs, including legal defense costs, and environmental remediation costs associated with our former Chemicals business. The 2017 results noted above primarily reflect charges and related insurance recoveries, including those associated with the Texas Brine matter as discussed in Note 8.