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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations Statements | Components of amounts reflected in the Condensed Consolidated Statements of Income related to discontinued operations are presented in the following table for each of the periods ended September 30.
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net sales | $ | 6.4 |  |  | $ | 13.3 |  |  | $ | 26.8 |  |  | $ | 37.0 |
Cost of sales | 5.0 |  |  | 8.1 |  |  | 18.9 |  |  | 22.7 |
Gross profit | 1.4 |  |  | 5.2 |  |  | 7.9 |  |  | 14.3 |
Selling and marketing expenses | 2.6 |  |  | 3.4 |  |  | 10.2 |  |  | 10.0 |
General, administrative and other expenses | 1.6 |  |  | 4.5 |  |  | 4.8 |  |  | 6.7 |
Operating loss | (2.8 | ) |  | (2.7 | ) |  | (7.1 | ) |  | (2.4 | )
Interest expense, net and other | (0.3 | ) |  | 10.0 |  |  | 3.8 |  |  | 9.1 |
Loss from discontinued operations before income taxes | (2.5 | ) |  | (12.7 | ) |  | (10.9 | ) |  | (11.5 | )
Income tax (provision) benefit | (0.2 | ) |  | 0.7 |  |  | — |  |  | (1.5 | )
Net loss from discontinued operations, net of tax | $ | (2.7 | ) |  | $ | (12.0 | ) |  | $ | (10.9 | ) |  | $ | (13.0 | )
The following table presents the captions of assets and liabilities of the subsidiaries that are held for sale and presented as discontinued operations within the Company’s Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017.
| September 30, 2018 |  | December 31, 2017
Cash and cash equivalents | $ | 1.3 |  |  | $ | 0.8 |
Accounts receivable, net | 3.5 |  |  | 6.9 |
Inventories | 1.9 |  |  | 3.9 |
Prepaid expenses and other current assets | 0.9 |  |  | 1.4 |
Current assets of discontinued operations | $ | 7.6 |  |  | $ | 13.0 |
Property, plant and equipment, net | $ | 1.0 |  |  | $ | 1.6 |
Other non-current assets | 0.5 |  |  | 1.0 |
Non-current assets of discontinued operations | $ | 1.5 |  |  | $ | 2.6 |
Accounts payable | $ | 3.4 |  |  | $ | 12.9 |
Accrued expenses and other current liabilities | 2.8 |  |  | 11.9 |
Income taxes payable | 0.7 |  |  | 0.9 |
Current liabilities of discontinued operations | $ | 6.9 |  |  | $ | 25.7 |
Other non-current liabilities | $ | 1.1 |  |  | $ | 1.3 |
Non-current liabilities of discontinued operations | $ | 1.1 |  |  | $ | 1.3 |

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