Discontinued Operations and Special Charges (Gains)

The Company’s discontinued operations include the results of the France business sold in August 2018, the SARL Businesses sold in March 2017 and the NATG business sold in December 2015 (See Note 1).

In the quarter ended March 31, 2019, the Company's NATG discontinued operations recorded approximately $0.1 million of professional fees. The Company expects that total additional charges related to the NATG business after this quarter will be less than $0.5 million and that these charges will be presented in discontinued operations.

In the first quarter of 2018, the Company recorded, within discontinued operations, special charges related to the wind-down of the SARL Businesses of $0.1 million for legal and professional fees and the Company's NATG discontinued operations received $0.7 million in restitution receipts, recorded approximately $0.1 million of legal and professional fees and recorded $0.2 million in favorable lease reserve adjustments related to their leased facilities.

Below is a summary of the impact on net sales, net income (loss) and net income (loss) per share from discontinued operations for the three months ended March 31, 2019 and 2018.

Pretax income (loss) of Discontinued operations to the Net Income (loss) of discontinued operations is as follows (in millions):



	Three Months Ended March 31,
	2019			2018
Net sales	$	0.0		$	143.0
Cost of sales	0.0			118.8
Gross profit	0.0			24.2
Selling, distribution & administrative expenses	0.4			15.6
Special charges	0.1			(0.7		)
Operating (loss) income from discontinued operations	(0.5		)	9.3
Interest and other (income) expenses, net	0.0			(0.2		)
Income (loss) from discontinued operations before income taxes	(0.5		)	9.5
(Benefit from) provision for income taxes	(0.2		)	3.6
Net income (loss) from discontinued operations	$	(0.3	)	$	5.9
Net income (loss) per share – basic	$	(0.01	)	$	0.16
Net income (loss) per share – diluted	$	(0.01	)	$	0.15

The following table details liabilities related to the sold NATG segment’s non-lease components that remain as of March 31, 2019 (in millions):



	NATG – Non-lease components
Balance January 1, 2019	$	2.8
Charged to expense	0.4
Paid or otherwise settled	(0.1		)
Balance March 31, 2019	$	3.1

On January 1, 2019 the Company reclassified approximately $3.4 million of the opening balance of the NATG exit cost liability to ROU assets and operating lease obligations.