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Discontinued Operations
9 Months Ended
Sep. 30, 2014
Discontinued Operations [Abstract]  
Discontinued Operations
12.Discontinued Operations
 
In connection with the 2014 Restructuring Plan, the Company approved a plan to dispose of a business unit within the Color segment. As of September 30, 2014, production ceased and the business met the criteria to be presented as a discontinued operation as established in ASC Subtopic 205-20, Discontinued Operations. The results of this business have been reported as a discontinued operation in the Consolidated Condensed Statements of Earnings for all periods presented. The corresponding current assets, which include property, plant, and equipment, have met the held for sale criteria and have been properly presented on the Consolidated Condensed Balance Sheet.
 
The following tables summarize the discontinued operation’s results for the three and nine months ended September 30, 2014:

  
Three Months Ended September 30,
 
(In thousands)
 
2014
  
2013
 
Revenue
 
$
910
  
$
1,536
 
Loss before income taxes
  
(2,351
)
  
(338
)
Income taxes
  
(992
)
  
(99
)
         
Loss from discontinued operations, net of tax
 
$
(1,359
)
 
$
(239
)

  
Nine Months Ended September 30,
 
(In thousands)
 
2014
  
2013
 
Revenue
 
$
3,209
  
$
4,433
 
Loss before income taxes
  
(10,893
)
  
(1,079
)
Income taxes
  
(3,742
)
  
(316
)
         
Loss from discontinued operations, net of tax
 
$
(7,151
)
 
$
(763
)

Included in the loss before income taxes from discontinued operations are pre-tax restructuring costs of $2.1 million and $10.0 million for the three and nine months ended September 30, 2014, respectively. See Note 11 Restructuring for additional information.