Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations And Disposal Groups [Abstract]

Assets and Liabilities and Statements of Operations of Discontinued Operation

The following table presents the assets and liabilities, as of June 30, 2015 and December 31, 2014, of the components of the Company designated as discontinued operations as of June 30, 2015:

	June 30,		December 31,
(In millions)	2015		2014
Current assets:
Cash and cash equivalents	$	0.1	$	1.0
Trade accounts receivable, net		—		4.5
Inventories		—		11.4
Other current assets		—		1.1
Total current assets of discontinued operations	$	0.1	$	18.0
Noncurrent assets:
Property, plant and equipment	$	—	$	0.3
Intangible assets, net		—		1.6
Goodwill		—		17.8
Other noncurrent assets		—		0.3
Total noncurrent assets of discontinued operations	$	—	$	20.0
Current liabilities:
Trade payables	$	0.1	$	2.9
Accrued liabilities		0.2		0.3
Line of credit		—		1.0
Long-term debt due within one year		—		3.9
Total current liabilities of discontinued operations	$	0.3	$	8.1
Noncurrent liabilities:
Long-term debt	$	—	$	9.7
Repurchase reserve		0.7		5.5
Total noncurrent liabilities of discontinued operations	$	0.7	$	15.2

The following table presents the operating results, for the three and six months ended June 30, 2015 and 2014, for the components of the Company designated as discontinued operations as of June 30, 2015:

	Three Months Ended June 30,					Six Months Ended June 30,
(In millions)		2015			2014		2015			2014
Revenues	$	—		$	10.2	$	0.7		$	18.4
Cost of sales		—			6.6		0.4			11.8
Gross profit		—			3.6		0.3			6.6
Selling, general and administrative expenses		0.3			1.4		0.6			3.3
Amortization of intangibles		—			0.2		—			0.5
Other operating expense (income), net		(0.3	)		—		0.1			—
Operating profit (loss)		—			2.0		(0.4	)		2.8
Nonoperating income		4.5			0.2		44.6			1.7
Earnings before income taxes		4.5			2.2		44.2			4.5
Income tax expense		1.6			0.9		17.0			1.4
Earnings from discontinued operations,    net of income taxes	$	2.9		$	1.3	$	27.2		$	3.1