Discontinued Operations

3 Months Ended

Mar. 31, 2017

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, located near Leipzig, Germany. Since 2014, the business has 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. In 2016, the facility and remaining assets were sold and the entity was liquidated.

The following table summarizes the discontinued operation’s results for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(In thousands)	2017		2016
Revenue	$	-	$	-
Loss from discontinued operations before income taxes		-		(31	)
Income tax benefit		-		9
Loss from discontinued operations, net of tax	$	-	$	(22	)