Discontinued Operations

9 Months Ended

Sep. 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 September 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 September 30, 2012, total income from discontinued operations net of income taxes was $0.1 million. This included income of $0.2 million for reduction in anticipated environmental and legal charges and settlements, partially offset by $0.1 million of operating expenses for our Grafton facility, which was sold in December 2012.

For the nine months ended September 30, 2013, total loss from discontinued operations net of income taxes was $1.5 million. This included $1.0 million for anticipated claims related to workers' compensation and product liability and $0.5 million of legal and environmental charges.

For the nine months ended September 30, 2012, total loss from discontinued operations net of income taxes was netted to zero. This included a $0.2 million increase in anticipated claims related to workers' compensation and product liability, $0.7 million related to environmental and legal charges and settlements, and $0.3 million in operating costs for our Grafton facility, which was sold in December 2012. These costs were 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.