2. Discontinued Operations

On July 1, 2016, LSB completed the sale of all the stock of Climate Control Group Inc. (an indirect subsidiary that conducted LSB’s Climate Control Business) pursuant to the terms of the stock purchase agreement. Additionally, pursuant to the stock purchase agreement, we agreed to have a certain portion of the purchase price proceeds deposited in an indemnity escrow account. In conjunction with the Climate Control Business sale, we entered into a transition services agreement (“TSA”), pursuant to which, among other things, we agreed to provide certain information technology, payroll, legal, tax and other general services, which services have been completed. At December 31, 2017 and 2016, our accounts receivable included approximately $2.7 million relating to the sale of our Climate Control Business representing an indemnity escrow balance. Additionally, at December 31, 2017 and 2016, our current and noncurrent accrued and other liabilities include approximately $0.4 million and $5.5 million, respectively, relating primarily to estimated contingent liabilities, costs associated with the TSA and severance agreements associated with the sale of the Climate Control Business.

Summarized results of discontinued operations are as follows for:

	Year Ended December 31,
	2017		2016		2015
	(In Thousands)
Net sales	$	—	$	138,609	$	274,086
Cost of sales		—		93,178		190,426
Selling, general and administrative expense		—		32,719		62,728
Transaction costs		—		2,535		—
Interest expense		—		—		10
Other expense (income), net		—		175		608
Income from operations of discontinued operations		—		10,002		20,314
Gain on sale of discontinued operations		2,595		281,990		—
Provision for income taxes		1,519		91,691		8,933
Income from discontinued operations, net of taxes	$	1,076	$	200,301	$	11,381

Summarized condensed cash flow information of discontinued operations is as follows:

	Year Ended December 31,
		2017		2016		2015
		(In Thousands)
Deferred income taxes		$	2,461	$	88,356	$	8,917
Depreciation and amortization of property, plant and equipment		$	—	$	1,607	$	4,566
Stock-based compensation		$	—	$	955	$	634
Expenditures for property, plant and equipment		$	—	$	273	$	863
Software and software development costs		$	—	$	675	$	2,466