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Discontinued Operations | 6 Months Ended
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Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations The Company is actively negotiating the sale of substantially all of the assets and liabilities of its South African personal protective equipment distribution business and its Zambian operations. Management continues to conclude it is probable that the sale of these assets and liabilities will close in 2015. The operations of this business qualify as a component of an entity under FASB ASC 205-20 "Presentation of Financial Statements - Discontinued Operations", and thus the operations have been reclassified as discontinued operations and prior periods have been reclassified to conform to this presentation. Summarized financial information for discontinued operations is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Discontinued Operations |  |  |  |  |  |  |
Net sales | $ | 11,384 |  |  | $ | 10,589 |  |  | $ | 22,541 |  |  | $ | 20,649 |
Other income, net | 107 |  |  | 15 |  |  | 173 |  |  | 28 |
Cost and expenses: |  |  |  |  |  |  |
Cost of products sold | 9,058 |  |  | 8,455 |  |  | 18,048 |  |  | 16,151 |
Selling, general and administrative | 1,682 |  |  | 1,605 |  |  | 3,284 |  |  | 3,159 |
Currency exchange losses (gains), net | 38 |  |  | (62 | ) |  | 208 |  |  | (69 | )
Income from discontinued operations before income taxes | 713 |  |  | 606 |  |  | 1,174 |  |  | 1,436 |
Provision for income taxes | 243 |  |  | 153 |  |  | 396 |  |  | 369 |
Income from discontinued operations, net of tax | $ | 470 |  |  | $ | 453 |  |  | $ | 778 |  |  | $ | 1,067 |
Certain balance sheet items that are related to the Company's South African personal protective equipment distribution business and its Zambian operations are reported as discontinued operations. These items are reported in the following consolidated balance sheet lines:
(In thousands) | June 30, 2015 |  | December 31, 2014
Discontinued Operations assets and liabilities |  |  |
Trade receivables, less allowance for doubtful accounts | $ | 6,949 |  |  | $ | 6,638 |
Inventories | 11,643 |  |  | 11,829 |
Net property | 288 |  |  | 342 |
Other assets | 1,896 |  |  | 2,022 |
Total assets | 20,776 |  |  | 20,831 |
Accounts payable | 4,053 |  |  | 5,263 |
Accrued and other liabilities | 1,059 |  |  | 991 |
Total liabilities | 5,112 |  |  | 6,254 |
Net assets | $ | 15,664 |  |  | $ | 14,577 |
The following summary provides financial information for discontinued operations related to net loss related to noncontrolling interests:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Net loss (income) attributable to noncontrolling interests |  |  |  |  |  |  |
Loss from continuing operations | $ | 347 |  |  | $ | 90 |  |  | $ | 521 |  |  | $ | 309 |
Loss (income) from discontinued operations | 106 |  |  | (97 | ) |  | 164 |  |  | (207 | )
Net loss (income) | $ | 453 |  |  | $ | (7 | ) |  | $ | 685 |  |  | $ | 102 |

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