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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2015
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Schedule of restructuring

The restructuring charges are presented in the following table.

 

 

 

2015

 

 

2014

 

 

2013

 

Segment

 

Cost of

sales

 

 

SG&A

 

 

Total

 

 

Cost of

sales

 

 

SG&A

 

 

Total

 

 

Cost of

sales

 

 

SG&A

 

 

Total

 

Distribution

 

$

 

 

$

124

 

 

$

124

 

 

$

 

 

$

764

 

 

$

764

 

 

$

 

 

$

194

 

 

$

194

 

Material Handling

 

 

1,340

 

 

 

912

 

 

 

2,252

 

 

 

189

 

 

 

260

 

 

 

449

 

 

 

178

 

 

 

47

 

 

 

225

 

Corporate

 

 

 

 

 

35

 

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

 

 

 

17

 

Total

 

$

1,340

 

 

$

1,071

 

 

$

2,411

 

 

$

189

 

 

$

1,024

 

 

$

1,213

 

 

$

178

 

 

$

258

 

 

$

436

 

 

Discontinued Operations [Member]  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Schedule of restructuring

Restructuring charges related to discontinued operations for the year ended 2015, 2014 and 2013 are presented in the following table:

 

 

 

Year Ended

December 31,

 

 

 

2015

 

 

2014

 

 

2013*

 

Severance and personnel

 

$

 

 

$

1,743

 

 

$

2,614

 

Other exit costs

 

 

 

 

 

3,762

 

 

 

6,189

 

Total

 

$

 

 

$

5,505

 

 

$

8,803

 

 

*

Includes WEK restructuring charges of $0.2 million in 2013.

Lawn and Garden Business and WEK  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Summarized selected financial information for the Lawn and Garden business and WEK for the years ended December 31, 2015, 2014 and 2013 are presented in the following table:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2015*

 

 

2014**

 

 

2013

 

Net sales

 

$

29,335

 

 

$

204,716

 

 

$

240,477

 

Loss from discontinued operations before income taxes

 

$

(1,214

)

 

$

(30,038

)

 

$

(394

)

Income tax (benefit) expense

 

 

(262

)

 

 

(9,408

)

 

 

46

 

Loss from discontinued operations

 

 

(952

)

 

 

(20,630

)

 

 

(440

)

Net gain on sale of discontinued operations, inclusive of tax benefit of ($2.8 million) for the year ended December 31, 2015 and tax provision of $1.6 million for the year ended December 31, 2014

 

 

4,661

 

 

 

2,988

 

 

 

 

Income (loss) from discontinued operations, net of income taxes

 

$

3,709

 

 

$

(17,642

)

 

$

(440

)

 

*

Includes Lawn and Garden operating results through February 17, 2015.

**

Includes WEK operating results through June 20, 2014.

The assets and liabilities of discontinued operations are stated separately as of December 31, 2014 in the Consolidated Statements of Financial Position and are comprised of the following items:

 

 

 

December 31, 2014

 

Assets

 

 

 

 

Accounts receivable-net

 

$

29,794

 

Inventories

 

 

50,951

 

Prepaid expenses and other current assets

 

 

1,709

 

Goodwill

 

 

9,107

 

Patents and other intangible assets, net

 

 

6,030

 

Property, plant and equipment, net

 

 

38,168

 

Net asset impairment*

 

 

(18,858

)

Other

 

 

874

 

Total Assets Held for Sale

 

$

117,775

 

 

 

 

 

 

Liabilities

 

 

 

 

Accounts payable

 

$

22,239

 

Accrued expenses and other liabilities

 

 

4,883

 

Total Liabilities Held for Sale

 

$

27,122

 

 

*

Impairment includes the cumulative translation credit adjustment associated with the Lawn and Garden business.