DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2014

Selected financial data for discontinued operations

The closure of the Glit and Container divisions and sale of the Gemtex division met the criteria for classification as discontinued operations in accordance with GAAP; therefore, the Company has classified the results of the Glit, Container and Gemtex divisions as discontinued operations for all periods presented. Selected financial data for discontinued operations is summarized as follows (amounts in thousands):

	For the Year Ended December 31, 2013
	Total		Container Division				Gemtex Division			Glit Division

Net sales	$	7,991		$	-			$	-		$	7,991

Operating income (loss) - net of tax	$	73		$	(333	)		$	12		$	394

Disclosure of Long Lived Assets Held-for-sale

The components of assets held for sale as of December 31, 2014 and December 31, 2013 are as follows (amounts in thousands):

		December 31, 2014				December 31, 2013
Receivables from property and equipment sales		$	-			$	74

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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