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Discontunued Operations (Notes)
 6 Months Ended
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations

On February 14, 2014, the Company completed the sale of substantially all of the assets of ASMP, a wholly-owned subsidiary, to Nelson Stud Welding, Inc. (“Buyer”), an indirect subsidiary of Doncasters Group Limited, for a purchase price of $12.5 million, subject to adjustments based on the closing date net working capital, plus the assumption of certain liabilities. In addition, the Buyer agreed to lease the real property located in Decatur, Alabama currently used by ASMP. The Company has classified ASMP's operating results as discontinued operations for all periods presented.

The following table details the components of income from discontinued operations:
 
 
(Dollars in thousands, except per share data)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales of ASMP
 
$
—

 
$
4,767

 
$
2,462

 
$
9,549

 
 
 
 
 
 
 
 
 
Pre-tax income (loss) from discontinued operations
 
 
 
 
 
 
 
 
ASMP
 
$
—

 
$
723

 
$
346

 
$
1,390

Other discontinued operations
 
—

 
(4
)
 
—

 
(33
)
Total pre-tax income
 
—

 
719

 
346

 
1,357

Income tax expense
 
—

 
(331
)
 
(133
)
 
(588
)
Income from discontinued operations
 
$
—

 
$
388

 
$
213

 
$
769

 
 
 
 
 
 
 
 
 
Sale of discontinued operations
 
 
 
 
 
 
 
 
Pre-tax gain on sale of ASMP
 
$
—

 
$
—

 
$
1,877

 
$
—

Income tax expense
 
—

 
—

 
(723
)
 
—

Net gain on sale of ASMP
 
$
—

 
$
—

 
$
1,154

 
$
—

 
 
 
 
 
 
 
 
 
Income from discontinued operations, net of taxes
 
$
—

 
$
388

 
$
1,367

 
$
769

 
 
 
 
 
 
 
 
 
Basic and diluted income per share
 
 
 
 
 
 
 
 
ASMP
 
$
—

 
$
0.05

 
$
0.16

 
$
0.09

Other discontinued operations
 
—

 
—

 
—

 
—

Total
 
$
—

 
$
0.05

 
$
0.16

 
$
0.09