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Discontinued Operations
3 Months Ended
Mar. 31, 2016
Discontinued Operations [Abstract]  
Discontinued Operations
11.Discontinued Operations
 
In connection with the 2014 Restructuring Plan, the Company approved a plan to dispose of a business unit within the Color segment, located near Leipzig, Germany. Since 2014, the business has 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 table summarizes the discontinued operation’s results for the three months ended March 31, 2016 and 2015:

  
Three Months Ended March 31,
 
(In thousands)
 
2016
  
2015
 
Revenue
 
$
-
  
$
187
 
Loss from discontinued operations before income taxes
  
(31
)
  
(294
)
Income tax benefit
  
9
   
85
 
Loss from discontinued operations, net of tax
 
$
(22
)
 
$
(209
)
 
Pre-tax restructuring costs are included in the loss before income taxes from discontinued operations. For the three months ended March 31, 2016 and 2015, these costs were nominal.  See Note 10, Restructuring, for additional information.