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Discontinued Operations
9 Months Ended
Sep. 30, 2015
Discontinued Operations [Abstract]  
Discontinued Operations
12.Discontinued Operations

In connection with the 2014 Restructuring Plan, the Company approved a plan to dispose of a business unit within the Color segment. In 2014, the business met the criteria to be presented as a discontinued operation as established in ASC Subtopic 205-20, Discontinued Operations. The results of this business have been reported as a discontinued operation in the Consolidated Condensed Statements of Earnings for all periods presented. The corresponding current assets, which include property, plant, and equipment, have met the held for sale criteria and have been properly presented on the Consolidated Condensed Balance Sheet.
 
The following table summarizes the discontinued operation’s results for the three and nine months ended September 30, 2015 and 2014:

  
Three Months
Ended September 30,
  
Nine Months
Ended September 30,
 
(In thousands)
 
2015
  
2014
  
2015
  
2014
 
         
Revenue
 
$
-
  
$
910
  
$
187
  
$
3,209
 
Loss from discontinued operations before income taxes
  
(11
)
  
(2,351
)
  
(439
)
  
(10,893
)
Income tax (expense) / benefit
  
(36
)
  
992
   
91
   
3,742
 
Loss from discontinued operations, net of tax
 
$
(47
)
 
$
(1,359
)
 
$
(348
)
 
$
(7,151
)
 
Pre-tax restructuring costs are included in the loss before income taxes from discontinued operations. For the three and nine months ended September 30, 2015, the restructuring costs were not material and for the three and nine months ended September 30, 2014, these costs were $2.1 million and $10.0 million, respectively.  See Note 11, Restructuring, for additional information.