XML 36 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8

Discontinued Operation (Tables)

9 Months Ended

Sep. 30, 2014

Summary of the results of discontinued operations

The following table summarizes the results of the discontinued operations for the nine and three months ended September 30, 2014 and 2013.

		Nine Months Ended September 30,								Three Months Ended September 30,
(in millions)		2014				2013				2014				2013
Net sales		$	218.3			$	207.6			$	85.5			$	80.1
(Loss) income from discontinued operations before income taxes		$	(85.6	)		$	(2.1	)		$	(83.3	)		$	1.0
Income taxes			25.6				(0.3	)			26.2				0.5
(Loss) income from discontinued operations, net tax		$	(111.2	)		$	(1.8	)		$	(109.5	)		$	0.5

The 2014 year-to-date and third quarter loss in discontinued operations included a loss on sale of the business of $111.8 million.

The following table summarizes the major classes of assets and liabilities of Simonton, which are now reflected as a discontinued operation on the consolidated balance sheet at December 31, 2013:

(in millions)		December 31, 2013
Accounts receivable, net		$	31.7
Inventories			14.7
Other current assets			9.5
Total current assets			55.9
Property, plant and equipment, net			38.4
Goodwill			86.1
Identifiable intangibles, net			122.9
Other assets			0.8
Total assets		$	304.1
Accounts payable		$	14.0
Other current liabilities			27.5
Total current liabilities			41.5
Other liabilities			54.3
Total liabilities		$	95.8

X

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References

Reference 1: 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=6360339&loc=d3e1361-107760



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760



Reference 4: 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=6360339&loc=d3e1474-107760



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

+ Details

Name:	us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration