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DISCONTINUED OPERATIONS (Table)
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Aggregate Financial Results of Discontinued Operations
The aggregate financial results of all discontinued operations were as follows:
(In thousands)
 
2015
 
2014
 
2013
Net sales
 
$
57,992

 
$
363,869

 
$
392,690

Loss from discontinued operations before income taxes (1)
 
(40,984
)
 
(48,519
)
 
(3,097
)
Income tax benefit
 
7,926

 
14,268

 
1,674

Loss on sale of businesses (2)
 
(13,729
)
 
(22,360
)
 
—

Loss from discontinued operations
 
$
(46,787
)
 
$
(56,611
)
 
$
(1,423
)


(1) Loss from discontinued operations before income taxes includes approximately $40.8 million and $41.4 million of held for sale impairment expense in the year ended December 31, 2015 and December 31, 2014, respectively.

(2) In the year ended December 31, 2015, the Corporation recognized aggregate after tax losses of $13.7 million on the sale of the Aviation Ground, Downstream Oil & Gas, Engineered Packaging and two surface technology businesses. In 2014, the Corporation recognized aggregate after tax losses of $22.4 million on the sale of the Benshaw, 3D, Upstream Oil & Gas and Vessels business. No businesses were sold in 2013.