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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | Results of discontinued operations, including the discontinued Cequent businesses and NI Industries, are summarized as follows:
|  | Year ended December 31,
|  | 2015 |  | 2014 |  | 2013
|  | (dollars in thousands)
Net sales |  | $ | 300,900 |  |  | $ | 615,260 |  |  | $ | 595,160 |
Cost of sales |  | (227,860 | ) |  | (468,060 | ) |  | (467,800 | )
Gross profit |  | 73,040 |  |  | 147,200 |  |  | 127,360 |
Selling, general and administrative expenses |  | (72,360 | ) |  | (111,900 | ) |  | (104,040 | )
Operating profit |  | 680 |  |  | 35,300 |  |  | 23,320 |
Interest expense |  | (2,540 | ) |  | (5,430 | ) |  | (3,060 | )
Other expense, net |  | (1,970 | ) |  | 4,170 |  |  | 2,370 |
Other expense, net |  | (4,510 | ) |  | (1,260 | ) |  | (690 | )
Income (loss) from discontinued operations, before income taxes |  | (3,830 | ) |  | 34,040 |  |  | 22,630 |
Income tax expense |  | (910 | ) |  | (11,650 | ) |  | (1,800 | )
Income (loss) from discontinued operations, net of tax |  | $ | (4,740 | ) |  | $ | 22,390 |  |  | $ | 20,830 |
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 |
Prepaid expenses and other current assets |  | 6,520 |  |  | 5,690 |
Total current assets |  | 242,070 |  |  | 192,580 |
Property and equipment, net |  | 48,870 |  |  | 55,180 |
Goodwill |  | 5,630 |  |  | 6,580 |
Other intangibles, net |  | 61,400 |  |  | 66,510 |
Other assets |  | 16,390 |  |  | 12,410 |
Total assets |  | $ | 374,360 |  |  | $ | 333,260 |
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 |  | 4,860 |  |  | 4,610 |
Other long-term liabilities |  | 27,900 |  |  | 25,990 |
Total liabilities |  | $ | 372,180 |  |  | $ | 150,800 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: 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=51717284&loc=d3e1474-107760 Reference 4: 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=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: 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=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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