Note 13 - Discontinued Operations

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

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

(13)

     Discontinued Operations

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

three

months ended

March

31,

2017

and

2016,

the Company recorded

$1,250

and

$263,

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

March

31,

2017

and

December

31,

2016,

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

$18,122

and

$16,703,

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 for the

three

months ended

March

31,

2017

were

$511.

Net cash provided by discontinued operations for the

three

months ended

March

31,

2016

were

$382.

Refer to Note

12

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,
	2017			2016
Pre-tax loss from discontinued operations	$	(1,923	)	$	(404	)
Income tax benefit		673			141
Loss from discontinued operations, net of tax	$	(1,250	)	$	(263	)