Dispositions

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Dispositions

Dispositions

On September 3, 2013, the Company sold all of the outstanding equity interests of a non-core business unit in the Supply Technologies segment for $8.5 million in cash. This business unit is a provider of high-quality machine to machine information technology solutions, products and services. As a result of the sale, this business unit has been removed from the Supply Technologies segment and presented as a discontinued operation for all of the periods presented. Select financial information included in discontinued operations were as follows:

	Year Ended December 31,
	2013
Net sales	$	5.2
Loss from discontinued operations before tax	$	(1.3	)
Income tax benefit from operations	0.5
Net loss from discontinued operations	(0.8		)
Gain on sale of business before tax	5.3
Income tax expense from gain on sale of business	(1.5		)
Net gain on sale of business	3.8
Income from discontinued operations, net of taxes	$	3.0

On August 1, 2013, the Company sold 25% of its Southwest Steel Processing LLC ("SSP") business to Arkansas Steel Associates, LLC for $5.0 million in cash. SSP is included in our Engineered Products segment. This transaction facilitates the Company's capacity expansion in one of its growing product lines.