XML 27 R12.htm IDEA: XBRL DOCUMENT v3.6.0.2
Discontinued Operations
12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
 
The Company's former paper mill in San Pedro, Philippines has been reported as discontinued operations. This operation was previously presented as a component of the EP segment. The sale of the Philippines mill was finalized in the fourth quarter of 2013 and resulted in a gain of $1.6 million. For all periods presented, results of this mill have been removed from each individual line within the statements of income and the operating activities section of the statements of cash flow. In each case, a separate line has been added for the net results of discontinued operations.

Included in Other Assets and Accrued Expenses within the Consolidated Balance Sheets were the following major classes of assets and liabilities, respectively, associated with the discontinued operations ($ in millions):
 
December 31, 2016
 
December 31, 2015
Assets of discontinued operations:
 
 
 
Current assets
$
1.0

 
$
1.1

Other assets
2.5

 
2.6

 
 
 
 
Liabilities of discontinued operations:
 

 
 

Current liabilities
0.1

 
0.2


Summary financial results of discontinued operations were as follows ($ in millions):
 
For the Years Ended December 31,
 
2016
 
2015
 
2014
Net sales
$

 
$

 
$

Restructuring and impairment expense

 

 

Other income (expense)

 
(0.7
)
 

Loss from discontinued operations before income taxes

 
(0.7
)
 

Income tax (provision) benefit

 
(0.1
)
 

Loss from discontinued operations

 
(0.8
)