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Discontinued Operations
6 Months Ended
Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS
There were no new discontinued operations in 2014 or in the six months ended June 30, 2015.
The Company retains certain liabilities for operations discontinued in prior years, primarily for environmental remediation and product liability. Included in liabilities of discontinued operations at June 30, 2015 and December 31, 2014 was $1.2 million and $1.3 million, respectively, related to environmental remediation at the Pearland, Texas facility, previously used by the Company’s discontinued Pauluhn business, and $3.0 million and $3.0 million, respectively, relating to estimated product liability obligations of the discontinued North American refuse truck body business.
In connection with the 2012 sale of the former Federal Signal Technologies Group (“FSTech”), $22.0 million was placed into escrow as security for indemnification obligations provided by the Company pursuant to the sale agreement. A significant portion of the escrow identified for general indemnification obligations was held for a period of 18 months following the sale date with the remaining general escrow funds to be held for 36 months following the sale date. In the first quarter of 2014, the Company received $7.0 million from the escrow identified for general indemnification obligations.
If and when any additional amounts are received from the remaining general escrow funds, which totaled $4.0 million at June 30, 2015, the Company may recognize an adjustment to Gain (loss) from discontinued operations and disposal, net of tax within its Condensed Consolidated Statement of Operations.