Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following table summarizes the operating results of the Company’s Wood Products discontinued operations as presented in “Income from discontinued operations, net” in the Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013:

	2013
Sales		$16,968
Cost of sales and other	(14,258		)
Gain on sale of discontinued operations	63,217
Income from discontinued operations before income taxes	65,927
Income tax expense	(21,999		)
Income from discontinued operations, net		$43,928

The major classes of Wood Products assets and liabilities included in the sale were as follows:

	March 1, 2013
Accounts receivable, net		$4,127
Inventory	4,270
Prepaid and other current assets	2,053
Property, plant and equipment, net	9,990
Total assets		$20,440
Total liabilities		$596

The following table reconciles the operating results of both the Performance Fibers and Wood Products discontinued operations, as presented in "Income from discontinued operations, net" in the Consolidated Statements of Income and Comprehensive Income:

	2014		2013
Performance Fibers income from discontinued operations, net		$43,403		$224,027
Wood Products income from discontinued operations, net	—		43,928
Income from discontinued operations, net		$43,403		$267,955

The following table summarizes the operating results of the Company's discontinued operations related to the Performance Fibers spin-off for the years ended December 31, 2014 and December 31, 2013, as presented in "Income from discontinued operations, net" in the Consolidated Statements of Income and Comprehensive Income:

	2014			2013
Sales		$456,180			$1,048,104
Cost of sales and other	(369,210		)	(736,471		)
Transaction expenses	(22,989		)	(3,208		)
Income from discontinued operations before income taxes	63,981			308,425
Income tax expense	(20,578		)	(84,398		)
Income from discontinued operations, net		$43,403			$224,027

Schedule of Interest Expense Allocated to Discontinued Operations

The following table summarizes the interest expense allocated to discontinued operations for the years ended December 31, 2014 and December 31, 2013:

	2014			2013
Interest expense allocated to the Performance Fibers business		($4,205	)		($8,964	)

Schedule of Disposal Groups, Depreciation, Amortization, and Capital Expenditures

The following table summarizes the depreciation, amortization and capital expenditures of the Company's discontinued operations related to the Performance Fibers business:

	2014		2013
Depreciation and amortization		$37,985		$74,386
Capital expenditures	60,443		97,874
Jesup mill cellulose specialties expansion	—		148,262

Schedule of Adjustments to Major Classes of Performance Fibers Assets and Liabilities

The major classes of Performance Fibers assets and liabilities included in the spin-off are as follows:

	June 27, 2014
Accounts receivable, net		$66,050
Inventory	121,705
Prepaid and other current assets	70,092
Property, plant and equipment, net	862,487
Other assets	103,400
Total assets		$1,223,734
Accounts payable		$65,522
Other current liabilities	51,006
Long-term debt	950,000
Non-current environmental liabilities	66,434
Pension and other postretirement benefits	102,633
Other non-current liabilities	7,269
Deficit	(19,130		)
Total liabilities and equity		$1,223,734

Schedule of Elimination of Intercompany Hardwood Purchases

Prior to the spin-off, hardwood intercompany purchases were transactions eliminated in consolidation as follows:

	2014		2013
Hardwood purchases		$3,935		$3,051