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Divestiture-related activities
12 Months Ended
Dec. 31, 2015
Divestiture-Related Activities [Abstract]  
Divestiture-related activities
Divestiture-related activities
Assets Held for Sale
The table below provides information regarding assets held for sale at December 31, 2015 and 2014. At December 31, 2015, these assets consisted of two buildings, which the Company is actively marketing.
 
2015
 
2014
Assets held for sale:
(Dollars in thousands)
Property, plant and equipment
$
6,972

 
$
7,422

Total assets held for sale
$
6,972

 
$
7,422


Discontinued Operations
The Company has recorded $1.7 million, $3.4 million and $2.2 million of expense during 2015, 2014 and 2013, respectively, associated with retained liabilities related to businesses that have been divested. The tax benefit on loss from discontinued operations in 2015 was impacted by a reduction in U.S. reserves as a result of the conclusion of an audit.
The results of the Company’s discontinued operations for the years ended December 31, 2015, 2014 and 2013 were as follows:
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Costs and other expenses
$
1,730

 
$
3,407

 
$
2,205

Loss from discontinued operations before income taxes
(1,730
)
 
(3,407
)
 
(2,205
)
Tax (benefit) on loss from discontinued operations
(10,635
)
 
(698
)
 
(1,770
)
Income (loss) from discontinued operations
$
8,905

 
$
(2,709
)
 
$
(435
)