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Discontinued Operations
 9 Months Ended
Sep. 30, 2014
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations
During the nine months ended September 30, 2014, the Company’s Endicia® and Culinary electrics and retail businesses were classified as discontinued operations based on the Company’s commitment to sell the businesses. The Endicia business was included in the Writing segment, and the Culinary businesses were included in the Home Solutions segment. The Endicia business provides on-line postage solutions. The Culinary electrics business sells kitchen electrics and accessories to retailers, and the retail business sells cookware products and accessories through outlet stores. Based on the Company’s strategy to allocate resources to its businesses relative to their growth potential and those with the greater right to win in the marketplace, the Company determined these businesses did not align with the Company’s long-term growth plans and has initiated plans to sell these businesses. The net assets of these businesses at September 30, 2014 were $61.4 million, primarily representing goodwill.
During the three months ended March 31, 2013, the Company’s Hardware and Teach businesses were classified as discontinued operations based on the Company’s commitment to divest the businesses. The Hardware and Teach businesses were sold in the third quarter of 2013.
The following table provides a summary of amounts included in discontinued operations (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Net sales
$
19.3

 
$
69.7

 
$
60.1

 
$
254.4

Income (loss) from discontinued operations before income taxes
$
0.3

 
$
(4.8
)
 
$
0.3

 
$
0.3

Income tax (benefit) expense
(0.1
)
 
0.7

 
0.3

 
0.9

Income (loss) from discontinued operations
0.4

 
(5.5
)
 
—

 
(0.6
)
Net (loss) gain from sales of discontinued operations, including impairments, net of tax (1)
(1.0
)
 
76.6

 
2.1

 
57.9

(Loss) income from discontinued operations, net of tax
$
(0.6
)
 
$
71.1

 
$
2.1

 
$
57.3


(1) Includes pretax gains of $108.8 million (related tax expense of $32.2 million) and $86.1 million (related tax expense of $28.2 million) for the three and nine months ended September 30, 2013, respectively, relating to the Hardware and Teach businesses, including net gains from sale; impairments and write-offs of goodwill, intangibles and other long-lived assets; and write-downs and write-offs of net working capital.
.