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Discontinued Operations | 9 Months Ended
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Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations On February 29, 2016, the Company sold 100% of the stock associated with its South African personal protective equipment distribution business and its Zambian operations. The Company received $15.9 million from the closing of this transaction and recorded a loss of approximately $0.3 million during the first quarter of 2016. During the second quarter of 2016, the Company corrected its gain calculation on the disposition of the South African personal protective equipment distribution business and its Zambian operations. This resulted in a gain of approximately $2.5 million being recorded during the second quarter in discontinued operations that should have been recorded in the first quarter of 2016. The Company evaluated materiality in accordance with SEC Staff Accounting Bulletins Topics 1.M and 1.N and considered relevant qualitative and quantitative factors. The Company concluded that this modification was not material to the first quarter of 2016 or the trend in earnings over the affected periods. The modification had no effect on cash flows or debt covenant compliance. 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 September 30, |  | Nine Months Ended September 30,
(In thousands) | 2017 |  | 2016 |  | 2017 |  | 2016
Discontinued Operations |  |  |  |  |  |  |
Net sales | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,261 |
Cost and expenses: |  |  |  |  |  |  |
Cost of products sold | — |  |  | — |  |  | — |  |  | 4,819 |
Selling, general and administrative | — |  |  | — |  |  | — |  |  | 937 |
Currency exchange losses, net | — |  |  | — |  |  | — |  |  | 18 |
Other expense (income), net | — |  |  | 1,300 |  |  | — |  |  | (896 | )
(Loss) income from discontinued operations before income taxes | — |  |  | (1,300 | ) |  | — |  |  | 383 |
Provision for income taxes | — |  |  | — |  |  | — |  |  | 328 |
(Loss) income from discontinued operations, net of tax | $ | — |  |  | $ | (1,300 | ) |  | $ | — |  |  | $ | 55 |
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) | September 30, 2017 |  | December 31, 2016
Discontinued Operations assets and liabilities |  |  |
Total assets | $ | — |  |  | $ | — |
Accrued and other liabilities | — |  |  | 686 |
Total liabilities | — |  |  | 686 |
Net assets | $ | — |  |  | $ | (686 | )
The following summary provides financial information for discontinued operations related to the net income attributable to noncontrolling interests:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2017 |  | 2016 |  | 2017 |  | 2016
Net income attributable to noncontrolling interests |  |  |  |  |  |  |
Income from continuing operations | $ | (160 | ) |  | $ | (836 | ) |  | $ | (519 | ) |  | $ | (1,496 | )
Income from discontinued operations | — |  |  | — |  |  | — |  |  | (510 | )
Net income | $ | (160 | ) |  | $ | (836 | ) |  | $ | (519 | ) |  | $ | (2,006 | )

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- References No definition available. + Details
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- Definition The entire disclosure 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 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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