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Discontinued Operations Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | Results of discontinued operations, including the discontinued Cequent businesses and NI Industries, are summarized as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2014 |  | 2015 |  | 2014
|  | (dollars in thousands)
Net sales |  | $ | 157,870 |  |  | $ | 300,900 |  |  | $ | 488,050 |
Cost of sales |  | (119,700 | ) |  | (227,860 | ) |  | (366,740 | )
Gross profit |  | 38,170 |  |  | 73,040 |  |  | 121,310 |
Selling, general and administrative expenses |  | (27,100 | ) |  | (72,360 | ) |  | (83,090 | )
Operating profit |  | 11,070 |  |  | 680 |  |  | 38,220 |
Interest expense |  | (1,280 | ) |  | (2,540 | ) |  | (3,960 | )
Other expense, net |  | 6,080 |  |  | (1,970 | ) |  | 4,870 |
Other expense, net |  | 4,800 |  |  | (4,510 | ) |  | 910 |
Income (loss) from discontinued operations, before income taxes |  | 15,870 |  |  | (3,830 | ) |  | 39,130 |
Income tax expense |  | (4,730 | ) |  | (910 | ) |  | (10,540 | )
Income (loss) from discontinued operations, net of tax |  | $ | 11,140 |  |  | $ | (4,740 | ) |  | $ | 28,590 |
The carrying value of the assets and liabilities immediately preceding the spin-off of the Cequent businesses on June 30, 2015, and as of December 31, 2014 were as follows:
|  | Immediately preceding the spin-off on June 30, 2015 |  | December 31, 2014
Assets |  |  |  |
Current assets: |  |  |  |
Cash and cash equivalents |  | $ | 17,050 |  |  | $ | — |
Receivables, net |  | 92,750 |  |  | 63,520 |
Inventories |  | 125,750 |  |  | 123,370 |
Deferred income taxes |  | 4,840 |  |  | 4,840 |
Prepaid expenses and other current assets |  | 6,520 |  |  | 5,690 |
Total current assets |  | 246,910 |  |  | 197,420 |
Property and equipment, net |  | $ | 48,870 |  |  | $ | 55,180 |
Goodwill |  | 5,630 |  |  | 6,580 |
Other intangibles, net |  | 61,400 |  |  | 66,510 |
Other assets |  | 15,910 |  |  | 11,930 |
Total assets |  | $ | 378,720 |  |  | $ | 337,620 |
Liabilities |  |  |  |
Current liabilities: |  |  |  |
Current maturities, long-term debt |  | $ | 17,940 |  |  | $ | 460 |
Accounts payable |  | 81,830 |  |  | 81,500 |
Accrued liabilities |  | 44,190 |  |  | 37,940 |
Total current liabilities |  | 143,960 |  |  | 119,900 |
Long-term debt |  | 195,460 |  |  | 300 |
Deferred income taxes |  | 9,220 |  |  | 8,970 |
Other long-term liabilities |  | 27,900 |  |  | 25,990 |
Total liabilities |  | $ | 376,540 |  |  | $ | 155,160 |

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