Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summarized Financial Information of Discontinued Operations

The following table represents income from discontinued operations, net of tax:

	Year Ended December 31,
	2018		2017			2016
Sales	$	157.0	$	145.9		$	137.2
Cost of sales	115.8		105.4			80.5
Selling, general and administrative expenses	32.7		34.2			37.2
Amortization expense	2.3		2.8			3.1
Operating income (1)	6.2		3.5			16.4
Interest expense, net	3.2		2.1			2.2
Other expense (income), net	0.1		(1.1		)	(0.1		)
Income before income taxes	2.9		2.5			14.3
Income tax expense	2.8		0.7			3.1
Income from discontinued operations before gain on sale of business	0.1		1.8			11.2
Gain on sale of business, net of taxes of $2.6	34.3		—			—
Income from discontinued operations, net of tax	$	34.4	$	1.8		$	11.2

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⁽¹⁾  Includes depreciation expense of $1.7, $1.6, and $1.4 for the years ended December 31, 2018, 2017 and 2016, respectively.

The following table represents the assets and liabilities from discontinued operations:

	December 31, 2017
Accounts receivable, net	$	26.3
Inventories, net	35.2
Unbilled contract revenue	0.5
Prepaid expenses	1.0
Deferred income taxes	3.7
Current assets of discontinued operations	$	66.7
Property, plant, and equipment, net	12.6
Goodwill	9.1
Identifiable intangible assets, net	16.1
Other assets	0.4
Non-current assets of discontinued operations	$	38.2
Accounts payable	8.6
Customer advances and billings in excess of contract revenue	0.6
Accrued salaries, wages, and benefits	2.7
Current portion of warranty reserve	2.6
Other current liabilities	1.4
Current liabilities of discontinued operations	$	15.9
Long-term deferred tax liabilities	0.4
Other long-term liabilities	2.2
Non-current liabilities of discontinued operations	$	2.6