Results of discontinued operations [Table Text Block] |
Summarized results of the Company's discontinued operations are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | | | | | | | | 2018 | | 2017 | | 2016 | Revenue | | | | | $ | 403,688 | | 1,010,135 | | $ | 751,808 | Cost of goods and services | | | | | 254,205 | | 648,805 | | 507,392 | Gross profit | | | | | 149,483 | | 361,330 | | 244,416 | Selling, general and administrative expenses | | | | | 147,261 | | 262,353 | | 236,510 | Operating earnings | | | | | 2,222 | | 98,977 | | 7,906 | Other expense, net | | | | | 9,048 | | 949 | | 3,218 | (Loss) earnings from discontinued operations before taxes | | | | | (6,826) | | 98,028 | | 4,688 | Provision (benefit) for income taxes | | | | | 14,052 | | 33,026 | | (2,076) | (Loss) earnings from discontinued operations, net of tax | | | | | $ | (20,878) | | 65,002 | | $ | 6,764 | | | | | | | | | | | | | | | | | | | | |
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Asset and Liabilities of Discops [Table Text Block] |
Assets and liabilities of discontinued operations are summarized below: | | | | | | | | | | | | | December 31, 2017 | | | Assets of Discontinued Operations | | | | | | Accounts receivable | | | $ | 202,052 | | | Inventories, net | | | 201,591 | | | Prepaid and other current assets | | | 14,035 | | | Total current assets | | | 417,678 | | | Property, plant and equipment, net | | | 211,832 | | | Goodwill and intangible assets, net | | | 1,232,843 | | | Other assets and deferred charges | | | 3,200 | | | Total assets | | | $ | 1,865,553 | | | | | | | | | Liabilities of Discontinued Operations | | | | | | Accounts payable | | | $ | 97,439 | | | Other current liabilities | | | 59,482 | | | Total current liabilities | | | 156,921 | | | Deferred income taxes | | | 90,641 | | | Other liabilities | | | 16,691 | | | Total liabilities | | | $ | 264,253 | | |
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