Discontinued Operations Discontinued Operations

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

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

. Discontinued Operations

During the third quarter of 2014, the Company ceased operations of its former NI Industries business and received approximately $6.7 million for the sale of certain intellectual property and related inventory and tooling. NI Industries manufactured cartridge cases for the defense industry and was party to a U.S. Government facility maintenance contract.

The results of the aforementioned business are reported as discontinued operations for all periods presented. Results of discontinued operations are summarized as follows:

	Three months ended March 31,
	2015		2014
	(dollars in thousands)
Net sales	$	—	$	2,350
Income from discontinued operations, before income taxes	$	—	$	250
Income tax expense	—		(100		)
Income from discontinued operations, net of income taxes	$	—	$	150