Divestitures (Tables)

9 Months Ended

Sep. 30, 2016

Divestitures

Summary of components of pre-tax gain

The following table summarizes the components of the pre-tax gain (dollars in thousands):

Cash proceeds from sale	$	12,000
Carrying value of net assets disposed		(7,502)
Direct selling costs		(4,477)
Pre-tax gain on sale	$	21