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Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The major components of Income from discontinued operations (net of tax) for the year ended December 31, 2016 were as follows (in thousands):
| Year Ended December 31, 2016
Net sales | $ | 813,285 |
Cost of goods sold | 416,934 |
Operating expenses, net(a) | 268,402 |
Interest and financing expenses(b) | 38,227 |
Other income, net | (2,485 | )
Gain on sale of discontinued operations | (387,980 | )
Income before income taxes | 480,187 |
Income tax expense(c) | 278,056 |
Income from discontinued operations (net of tax) | $ | 202,131 |
(a) | Operating expenses, net for discontinued operations includes mark-to market actuarial losses of $8.5 million during the year ended December 31, 2016.
(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.
(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.
Depreciation and amortization and capital expenditures from discontinued operations for the year ended December 31, 2016 were as follows (in thousands):
| Year Ended December 31, 2016
Depreciation and amortization | $ | 35,194 |
Capital expenditures | $ | 19,281 |
The carrying amounts of the major classes of assets and liabilities that were classified as held for sale at December 31, 2017, are as follows (in thousands):
| December 31, 2017
Assets |
Current assets | $ | 39,152 |
Net property, plant and equipment | 121,759 |
Goodwill | 14,422 |
Other intangibles, net of amortization | 3,632 |
Assets held for sale | $ | 178,965 |
Liabilities |
Current liabilities | $ | 1,938 |
Noncurrent liabilities | 614 |
Liabilities held for sale | $ | 2,552 |

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