Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In 2007 and 2008, we completed the sale of the majority of our non-core businesses; however, we continue to incur legal fees, settlements and other expenses based on provisions in the purchase agreements.

For the quarter ended June 30, 2013, total loss from discontinued operations net of income taxes was $0.3 million. This included $0.2 million for anticipated claims related to workers’ compensation and product liability and $0.1 million of legal and environmental charges. (See Note 11, “Income Taxes”, for additional information.)

For the quarter ended June 30, 2012, total income from discontinued operations net of income taxes was $0.6 million. This included income of $0.4 million due to legal fee reimbursements for the Platinum lawsuit received under our Directors and Officers insurance, $0.4 million due to a portion of a mutual release agreement and $0.1 million for a reduction in anticipated claims related to workers’ compensation and product liability. This income was partially offset by expense of $0.3 million for environmental and legal charges and settlements.

For the six months ended June 30, 2013, total loss from discontinued operations net of income taxes was $1.2 million. This included $0.8 million for anticipated claims related to workers' compensation and product liability and $0.4 million of legal and environmental charges.

For the six months ended June 30, 2012, total loss from discontinued operations net of income taxes was $0.1 million. This included a $0.2 million increase in anticipated claims related to workers' compensation and product liability, $0.9 million related to environmental and legal charges and settlements, and $0.2 million in operating costs for our Grafton facility, which was sold in December 2012. These costs were partially offset by income of $0.8 million due to legal fee reimbursements for the Platinum lawsuit received under our Directors and Officers insurance and $0.4 million of income due to a portion of a mutual release agreement that we signed during the second quarter of 2012.