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Discontinued Operations
 12 Months Ended
Dec. 31, 2017
Discontinued Operations [Abstract]  
Discontinued Operations
13. 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 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 Company’s Consolidated Condensed Statements of Earnings for all periods presented. During 2016, the facility and remaining assets were sold for a gain of $0.2 million. In addition, the entity was liquidated resulting in a reclassification of the cumulative translation adjustment of $3.3 million into net earnings.

The following table summarizes the discontinued operation’s results, which are included in the loss from discontinued operations in the Company’s Consolidated Statements of Earnings for the years ended December 31, 2017, 2016, and 2015:

(In thousands)
 
2017
  
2016
  
2015
 
Net sales
 
$
-
  
$
-
  
$
187
 
Gain (Loss) from discontinued operations before income taxes
  
-
   
3,410
   
(471
)
Income tax (expense) benefit
  
-
   
(67
)
  
9
 
Gain (Loss) from discontinued operations, net of tax
 
$
-
  
$
3,343
  
$
(462
)