Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Results of discontinued operations, including the discontinued Cequent businesses and NI Industries, are summarized as follows:

	Year ended December 31,
	2015			2014			2013
	(dollars in thousands)
Net sales	$	300,900		$	615,260		$	595,160
Cost of sales	(227,860		)	(468,060		)	(467,800		)
Gross profit	73,040			147,200			127,360
Selling, general and administrative expenses	(72,360		)	(111,900		)	(104,040		)
Operating profit	680			35,300			23,320
Interest expense	(2,540		)	(5,430		)	(3,060		)
Other expense, net	(1,970		)	4,170			2,370
Other expense, net	(4,510		)	(1,260		)	(690		)
Income (loss) from discontinued operations, before income taxes	(3,830		)	34,040			22,630
Income tax expense	(910		)	(11,650		)	(1,800		)
Income (loss) from discontinued operations, net of tax	$	(4,740	)	$	22,390		$	20,830

The carrying value of the assets and liabilities immediately preceding the spin-off of the Cequent businesses on June 30, 2015, and as of December 31, 2014 were as follows:

	Immediately preceding the spin-off on June 30, 2015		December 31, 2014
Assets
Current assets:
Cash and cash equivalents	$	17,050	$	—
Receivables, net	92,750		63,520
Inventories	125,750		123,370
Prepaid expenses and other current assets	6,520		5,690
Total current assets	242,070		192,580
Property and equipment, net	48,870		55,180
Goodwill	5,630		6,580
Other intangibles, net	61,400		66,510
Other assets	16,390		12,410
Total assets	$	374,360	$	333,260
Liabilities
Current liabilities:
Current maturities, long-term debt	$	17,940	$	460
Accounts payable	81,830		81,500
Accrued liabilities	44,190		37,940
Total current liabilities	143,960		119,900
Long-term debt	195,460		300
Deferred income taxes	4,860		4,610
Other long-term liabilities	27,900		25,990
Total liabilities	$	372,180	$	150,800