Discontinued Operations

3 Months Ended

Mar. 31, 2015

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

(12) Discontinued Operations

For all periods presented, discontinued operations relate to expenses for environmental remediation at sites that were divested prior to December 31, 2014.  For the three months ended March 31, 2015 and 2014, the Company recorded $375 and $184, respectively, as losses from discontinued operations, net of tax.  As of March 31, 2015 and December 31, 2014, liabilities recorded on the Company’s balance sheet relating to discontinued operations were $8,708 and $8,647, respectively.  At this time, the Company cannot reasonably estimate the period of time during which the involvement is expected to continue.  Net cash used in discontinued operations was $517 and $869 at March 31, 2015 and 2014, respectively.  Refer to Note 11 to the Company’s consolidated financial statements for further disclosures on the Company’s environmental contingencies.

The following table is a reconciliation of the pre-tax loss on discontinued operations to the net loss on discontinued operations, as presented on the income statement:

	Three months ended March 31,
	2015			2014
Pre-tax loss from discontinued operations	$	(577	)	$	(283	)
Income tax benefit		202			99
Loss from discontinued operations, net of tax	$	(375	)	$	(184	)