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Discontinued Operations and Disposal Groups (Tables)
3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Disposal Groups
The following table summarizes the financial results of discontinued operations reflected in the Condensed Consolidated Statements of Income (Loss) for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
(In thousands)20262025
Costs and expenses
Selling, general and administrative(3)227 
(Gain) loss on sale of business(565)(9,657)
Total(568)(9,430)
Income (loss) from discontinued operations before income tax568 9,430 
Income tax expense (benefit)1
(23)— 
Income (loss) from discontinued operations, net of tax$591 $9,430 
1. An inconsequential income tax expense (benefit) was recognized during the three months ended March 31, 2025, primarily due to foreign tax credits generated from the final Brazilian withholding tax payment made during the periods, which offset the tax liability on the income from discontinued operations.
The following table provides significant operating, investing and financing cash flow information for discontinued operations:
Three Months Ended March 31,
(In thousands)20262025
Operating activities:
Gain on the sale of divested business$(565)$(9,657)
Total$(565)$(9,657)
Investing activities:
Proceeds from the sale of Terphane$565 $9,835 
Total$565 $9,835