Note 17 - Discontinued Operations

9 Months Ended

Sep. 30, 2019

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

(17) Discontinued Operations

For all periods presented, financial results for discontinued operations relate to environmental investigation and remediation expenses for divested sites. The Company recorded a benefit in the current quarter as a result of the finalization of the allocation percentage for the remediation of a site. Refer to Note 16 to the Company’s consolidated financial statements for further disclosures on the Company’s environmental contingencies.

As of September 30, 2019 and December 31, 2018, liabilities recorded on the Company’s balance sheet related to discontinued operations were $16,315 and $17,411 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 for the nine months ended September 30, 2019 and 2018 were $666 and $557, respectively.

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Income/(loss) from discontinued operations, pre-tax	$	1,678		$	(99	)	$	1,407		$	(855	)
Income tax (expense)/benefit		(480	)		13			(396	)		145
Income/(loss) from discontinued operations, net of tax	$	1,198		$	(86	)	$	1,011		$	(710	)