Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2015 and 2014, of the components of the Company designated as discontinued operations as of December 31, 2015:

	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
Prepaid expenses, supplies, and other current assets		0.2		1.2
Total current assets of discontinued operations	$	0.3	$	18.1
Noncurrent assets:
Property, plant and equipment, net	$	—	$	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	$	—	$	2.9
Accrued liabilities		0.1		0.3
Line of credit		—		1.0
Long-term debt due within one year		—		3.9
Total current liabilities of discontinued operations	$	0.1	$	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 years ended December 31, 2015, 2014 and 2013, for the components of the Company designated as discontinued operations as of December 31, 2015:

	Year Ended December 31,
(In millions)		2015			2014		2013
Revenues	$	0.7		$	39.8	$	37.8
Cost of sales		0.4			25.3		23.4
Gross profit		0.3			14.5		14.4
Selling, general and administrative expenses		0.5			6.5		6.9
Amortization of intangibles		—			1.1		1.6
Operating profit (loss)		(0.2	)		6.9		5.9
Nonoperating income		44.7			2.3		0.8
Earnings before income taxes		44.5			9.2		6.7
Income tax expense		19.6			3.7		2.5
Earnings from discontinued operations, net of income taxes	$	24.9		$	5.5	$	4.2