Discontinued Operations

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Following the sale of the Company’s DERMAGRAFT business in January 2014, the operating results associated with the DERMAGRAFT business have been classified as discontinued operations in the Company’s Unaudited Consolidated Statements of Operations for all periods presented. For the three and nine months ended September 30, 2016, the Company recorded a loss of $18.3 million (net of tax benefit of $5.7 million) and $257.5 million (net of tax benefit of $101.1 million), respectively, primarily related to legal contingencies related to the divested DERMAGRAFT business. For details of the legal provision see Note 21, Legal and other proceedings, to these Unaudited Consolidated Financial Statements.

For the three and nine months ended September 30, 2015, the Company recorded a loss of $24.3 million (net of tax benefit of $14.0 million) and $31.3 million (net of tax benefit of $18.0 million), respectively, related to costs associated with the divestment.