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Discontinued Operations | 9 Months Ended
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Sep. 30, 2013
Notes To Condensed Consolidated Financial Statements [Abstract] |
Discontinued Operations and Assets Held for Sale | Discontinued Operations and Assets Held For Sale During the third quarter of 2013, we entered into an agreement to sell PBMS NA. The sale closed on October 1, 2013 and we received cash proceeds of $392 million. In addition, during the third quarter of 2013, we sold our Nordic furniture business. Total proceeds from this sale were not material. During the second quarter of 2013, we entered into two separate agreements to sell PBMSi and completed the sale of IMS. We closed on the agreements to sell PBMSi on July 5, 2013 and August 31, 2013. Total proceeds from the sale of PBMSi and IMS were not material. The following tables show selected financial information included in discontinued operations:
| Three Months Ended September 30, 2013
| PBMS |  | IMS |  | Nordic furniture business |  | Total
Revenue | $ | 194,511 |  |  | $ | 4 |  |  | $ | 12,014 |  |  | $ | 206,529 |
Loss from operations before taxes | $ | (14,438 | ) |  | $ | (1,072 | ) |  | $ | (4,381 | ) |  | $ | (19,891 | )
Gain on sale | 13,269 |  |  | 1,196 |  |  | 4,465 |  |  | 18,930 |
(Loss) income before taxes | (1,169 | ) |  | 124 |  |  | 84 |  |  | (961 | )
Tax provision (benefit) | 81,084 |  |  | 168 |  |  | (9 | ) |  | 81,243 |
(Loss) income from discontinued operations | $ | (82,253 | ) |  | $ | (44 | ) |  | $ | 93 |  |  | $ | (82,204 | )
| Three Months Ended September 30, 2012
| PBMS |  | IMS |  | Nordic furniture business |  | Total
Revenue | $ | 220,887 |  |  | $ | 32,461 |  |  | $ | 12,539 |  |  | $ | 265,887 |
Income (loss) before taxes | $ | 14,491 |  |  | $ | (30,086 | ) |  | $ | 79 |  |  | $ | (15,516 | )
Tax provision (benefit) | 7,210 |  |  | (11,335 | ) |  | 22 |  |  | (4,103 | )
(Loss) income from discontinued operations | $ | 7,281 |  |  | $ | (18,751 | ) |  | $ | 57 |  |  | $ | (11,413 | )
| Nine Months Ended September 30, 2013
| PBMS |  | IMS |  | Nordic furniture business |  | Total
Revenue | $ | 639,237 |  |  | $ | 23,036 |  |  | $ | 37,785 |  |  | $ | 700,058 |
Loss from operations before taxes | $ | (116,018 | ) |  | $ | (3,050 | ) |  | $ | (4,859 | ) |  | $ | (123,927 | )
Gain (loss) on sale | 13,269 |  |  | (2,717 | ) |  | 4,465 |  |  | 15,017 |
Loss before taxes | (102,749 | ) |  | (5,767 | ) |  | (394 | ) |  | (108,910 | )
Tax provision (benefit) | 61,679 |  |  | (1,076 | ) |  | (144 | ) |  | 60,459 |
(Loss) income from discontinued operations | $ | (164,428 | ) |  | $ | (4,691 | ) |  | $ | (250 | ) |  | $ | (169,369 | )
| Nine Months Ended September 30, 2012
| PBMS |  | IMS |  | Nordic furniture business |  | Capital Services (1) |  | Total
Revenue | $ | 679,080 |  |  | $ | 100,443 |  |  | $ | 38,081 |  |  | $ | — |  |  | $ | 817,604 |
Income (loss) before taxes | $ | 47,015 |  |  | $ | (34,051 | ) |  | $ | 1,370 |  |  | $ | — |  |  | $ | 14,334 |
Tax provision (benefit) | 20,589 |  |  | (12,563 | ) |  | 383 |  |  | (19,332 | ) |  | (10,923 | )
(Loss) income from discontinued operations | $ | 26,426 |  |  | $ | (21,488 | ) |  | $ | 987 |  |  | $ | 19,332 |  |  | 25,257 |
(1) Represents tax benefits arising from the resolution of tax examinations related to our Capital Services business, which was sold in 2006.
The pre-tax loss from operations for PBMS for the three and nine months ended September 30, 2013 includes an estimated loss on disposal of $20 million and $36 million, respectively. The pre-tax loss from operations for PBMS for the nine months ended September 30, 2013 also includes goodwill impairment charges of $100 million and asset impairment charges of $15 million. The inputs used to determine the fair value of the long-lived assets and goodwill were classified as Level 3 in the fair value hierarchy. The assets and related liabilities held for sale at September 30, 2013 consist of the following:
Accounts receivables | $ | 145,955 |
Inventories | 1,595 |
Other current assets and prepayments | 11,948 |
Total current assets | 159,498 |
Property, plant and equipment, net (1) | 77,001 |
Goodwill | 302,487 |
Intangible assets, net | 7,193 |
Other assets | 4,462 |
Assets held for sale | $ | 550,641 |
Accounts payable and accrued liabilities | $ | 77,639 |
Advance billings | 9,862 |
Total current liabilities | 87,501 |
Other non-current liabilities | 30,676 |
Liabilities related to assets held for sale | $ | 118,177 |
(1) Also includes the carrying value of our corporate headquarters building and certain surrounding parcels of land. See Note 6.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 3: 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 4: 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 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 8: 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 9: 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 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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