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Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Depreciation and amortization and capital expenditures from discontinued operations for the years ended December 31, 2016 and 2015 were as follows (in thousands):
| Year Ended December 31,
| 2016 |  | 2015
Depreciation and amortization | $ | 35,194 |  |  | $ | 78,903 |
Capital expenditures | $ | 19,281 |  |  | $ | 23,738 |
A summary of results of discontinued operations for the year ended December 31, 2014 is as follows (in thousands):
| Year Ended
| December 31, 2014
Net sales | $ | 154,273 |
Loss from discontinued operations | $ | (90,439 | )
Income tax benefit | (20,908 | )
Loss from discontinued operations (net of tax) | $ | (69,531 | )
The carrying amounts of the major classes of assets and liabilities of these businesses classified as held for sale at December 31, 2015, were as follows (in thousands):
| December 31,
| 2015
Assets |
Current assets | $ | 156,421 |
Net property, plant and equipment | 115,865 |
Goodwill | 46,794 |
Other intangibles, net of amortization | 66,324 |
All other noncurrent assets | 19,081 |
Assets held for sale | $ | 404,485 |
Liabilities |
Current liabilities | $ | 72,756 |
Deferred income taxes | 24,947 |
All other noncurrent liabilities | 31,003 |
Liabilities held for sale | $ | 128,706 |
The major components of Income (loss) from discontinued operations (net of tax) for the years ended December 31, 2016 and 2015 were as follows (in thousands):
| Year Ended December 31,
| 2016 |  | 2015
Net sales | $ | 813,285 |  |  | $ | 824,906 |
Cost of goods sold | 416,934 |  |  | 488,267 |
Operating expenses, net(a) | 268,402 |  |  | 239,316 |
Interest and financing expenses(b) | 38,227 |  |  | 51,072 |
Other income, net | (2,485 | ) |  | (4,214 | )
Gain on sale of discontinued operations | (387,980 | ) |  | — |
Income before income taxes | 480,187 |  |  | 50,465 |
Income tax expense(c) | 278,056 |  |  | 17,989 |
Income from discontinued operations (net of tax) | $ | 202,131 |  |  | $ | 32,476 |
(a) | Operating expenses, net for discontinued operations includes mark-to market actuarial (losses) gains of ($8.5) million and $8.9 million during the years ended December 31, 2016 and 2015, respectively.
(b) | Interest and financing expenses included the allocation of interest expense not directly attributab le to other operations as well as interest expense related to debt to be assumed by the buyer. The allocation of interest expense to discontinued operations was based on the ratio of net assets held for sale to the sum of total net assets plus consolidated debt. There was no interest expense allocated to discontinued operations for the year ended December 31, 2014, as the Chemetall Surface Treatment business was not owned by the Company during this period.
(c) | Income tax expense for the year ended December 31, 2016 included a charge of $253.0 million related to the gain on sale of discontinued operations.
The carrying amounts of the major classes of assets and liabilities for the Chemetall Surface Treatment business classified as held for sale at December 31, 2015, were as follows (in thousands):
| December 31,
| 2015
Assets |
Current assets | $ | 237,447 |
Net property, plant and equipment | 163,643 |
Goodwill | 1,433,259 |
Other intangibles, net of amortization | 1,349,179 |
All other noncurrent assets | 25,374 |
Assets held for sale | $ | 3,208,902 |
Liabilities |
Current liabilities | $ | 200,892 |
Deferred income taxes | 351,465 |
All other noncurrent liabilities | 112,742 |
Liabilities held for sale | $ | 665,099 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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