Note 21 - Discontinued Operations

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

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)    Discontinued Operations

For all periods presented, financial results for discontinued operations relate to environmental investigation and remediation expenses for sites that were divested prior to December 31, 2014. For 2015, the Company recorded $41 as income from discontinued operations, net of tax. For 2014 and 2013, the Company recorded $830 and $4,360, respectively, as losses from discontinued operations, net of tax. As of December 31, 2015 and 2014 liabilities recorded on the Company’s balance sheet relating to discontinued operations were $8,209 and $8,647, respectively. At this time, we cannot reasonably estimate the period of time during which the involvement is expected to continue. Net cash used in discontinued operations was $1,536, $1,858, and $1,533 for 2015, 2014, and 2013, respectively. Refer to Note 20 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 income/(loss) from discontinued operations to the net income/(loss) from discontinued operations, as presented on the income statement:

	2015			2014			2013
Pre-tax income/(loss) from discontinued operations	$	63		$	(1,277	)	$	(6,708	)
Income tax (expense)/benefit		(22	)		447			2,348
Income/(loss) from discontinued operations, net of tax	$	41		$	(830	)	$	(4,360	)