Note 22 - Discontinued Operations

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

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

(2 2 ) Discontinued Operations

For all periods presented, financial results for discontinued operations relate to environmental investigation and remediation expenses for divested sites. For the years ended

2016,

2015,

and

2014,

the Company recorded

$5,647

as losses,

$41

as income, and

$830

as losses, respectively, from discontinued operations, net of tax. As of

December

31,

2016

and

2015,

liabilities recorded on the Company’s balance sheet relating to discontinued operations were

$16,703

and

$8,209,

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

$516,

$1,536,

and

$1,858

for

2016,

2015,

and

2014,

respectively. Refer to Note

21

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)/income from discontinued operations to the net (loss)/income from discontinued operations, as presented on the income statement:

	2016			2015			2014
Pre-tax (loss)/income from discontinued operations	$	(8,777	)	$	63		$	(1,277	)
Income tax benefit/(expense)		3,130			(22	)		447
(Loss)/income from discontinued operations, net of tax	$	(5,647	)	$	41		$	(830	)