Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Statements of Operations for Discontinued Operations

The following tables display summarized activity in our condensed consolidated statements of operations for discontinued operations related to the Wiring business.


Three months ended March 31		2015		2014
Net sales	$	-	$	75,059
Cost of goods sold		-		68,407
Selling, general and administrative		-		5,370
Interest expense, net		-		11
Other expense, net		-		31
Income from operations of discontinued
operations before income taxes (A)		-		1,240
Income tax provision on discontinued operations		-		(187)
Income from discontinued operations, net of tax (C)		-		1,053

Loss on disposal (B)		(178)		(148)
Income tax benefit on loss on disposal		10		52
Loss on disposal, net of tax		(168)		(96)

Income (loss) from discontinued operations	$	(168)	$	957

(A)

The operations of the Wiring business were included only for the three months ended March 31, 2014

as the sale was completed on August 1, 2014.

		46 and $148, respectively, and working capital adjustment of $132 for the three months ended March 31,
	(B) (C)	Included in loss on disposal for the three months ended March 31, 2015 and 2014 were transaction costs of $46 and $148, respectively, and a working capital adjustment of $132 for the three months ended March 31, 2015. Management fees, which had been reported in the Wiring business in prior periods, of $1,858 for the three months ended March 31, 2014 have been excluded as they were not directly attributable to the business.

Schedule of Depreciation, Amortization, and Capital Expenditures of Discontinued Operations


Three months ended March 31, 2014
Depreciation and amortization	$	1,255
Capital expenditures		479

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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