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Discontinued Operations and Divestitures
 6 Months Ended
Jun. 30, 2015
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations and Divestitures
During 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 electrics and retail businesses were included in the Home Solutions segment. During the three months ended March 31, 2015, the Company announced it entered into an agreement to sell Endicia for an estimated purchase price of $215.0 million, subject to customary working capital adjustments. The closing of the transaction is subject to customary conditions, including regulatory approvals. During the three months ended March 31, 2015, the Company ceased operations in its Culinary electrics and retail businesses. The net assets of the Endicia business at June 30, 2015 were $44.9 million, primarily representing goodwill of Endicia.
The following table provides a summary of amounts included in discontinued operations (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Net sales
$
15.0

 
$
20.8

 
$
32.3

 
$
40.8

Income (loss) from discontinued operations before income taxes
$
0.5

 
$
0.6

 
$
(3.9
)
 
$
—

Income tax expense (benefit)
0.1

 
0.6

 
(1.5
)
 
0.4

Income (loss) from discontinued operations
0.4

 
—

 
(2.4
)
 
(0.4
)
Net gain from sale of discontinued operations, net of tax (1)
—

 
1.6

 
—

 
3.1

Income (loss) from discontinued operations, net of tax
$
0.4

 
$
1.6

 
$
(2.4
)
 
$
2.7


(1) Includes a pretax gain of $2.6 million (related tax expense of $1.0 million) and $4.8 million (related tax expense of $1.7 million) for the three and six months ended June 30, 2014, respectively, related to the transfer of the international operations of the Hardware business.
In May 2015, the Company announced its intention to divest the Rubbermaid medical cart business, which is focused on optimizing nurse work flow and medical records processing in hospitals. The Company sold substantially all of the assets of the Rubbermaid medical cart business in August 2015. The Rubbermaid medical cart business does not qualify as discontinued operations pursuant to the guidance in ASU 2014-08, so the Company has continued to include the Rubbermaid medical cart business in continuing operations until the business is sold. The Rubbermaid medical cart business generated approximately 1% of the Company’s consolidated net sales for the year ended December 31, 2014, and the Rubbermaid medical cart business generated net sales of $12.8 million and $22.6 million for the three and six months ended June 30, 2015, respectively.