Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

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 the Company's other discontinued operations, are summarized as follows (dollars in thousands):

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

The carrying value of the assets and liabilities immediately preceding the spin-off of the Cequent businesses on June 30, 2015 were as follows (dollars in thousands):

	Immediately preceding the spin-off on June 30, 2015
Assets
Current assets:
Cash and cash equivalents	$	17,050
Receivables, net	92,750
Inventories	125,750
Prepaid expenses and other current assets	6,520
Total current assets	242,070
Property and equipment, net	48,870
Goodwill	5,630
Other intangibles, net	61,400
Other assets	16,390
Total assets	$	374,360
Liabilities
Current liabilities:
Current maturities, long-term debt	$	17,940
Accounts payable	81,830
Accrued liabilities	44,190
Total current liabilities	143,960
Long-term debt	195,460
Deferred income taxes	4,860
Other long-term liabilities	27,900
Total liabilities	$	372,180