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Note 9 - Discontinued Operations | 3 Months Ended
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Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
9. | Discontinued Operations
The Company’s discontinued operations consist of all our subsidiaries included in our Industrial Segment: (1) subsidiaries divested in 2011 and prior, (2) two previously closed locations, and (3) our PFSG facility. On August 14, 2013, our PFSG facility incurred fire damage which left it non-operational. The Company carries general liability, pollution, property and business interruption, and workers compensation insurance with a maximum deductible of approximately $300,000. During the second half of 2014, the Company entered into a settlement agreement and release with one of its insurance carriers. In 2014, the Company elected not to rebuild the PFSG facility and is continuing to market PFSG for sale. The Company’s discontinued operations had losses of $223,000 and $266,000 for the three months ended March 31, 2015 and the corresponding period of 2014 (net of taxes of $0 for each period). The losses were primarily due to costs incurred in the administration and continued monitoring of our discontinued operations, primarily for the PFSG site. The Company’s discontinued operations had no revenues for each of the periods noted above. The following table presents the major classes of assets and liabilities of discontinued operations that are classified as held for sale as of March 31, 2015 and December 31, 2014. The held for sale assets and liabilities may differ at the closing of a sale transaction from the reported balances as of March 31, 2015:
|  | March 31, |  |  | December 31, |
(Amounts in Thousands) |  | 2015 |  |  | 2014 |
Current assets |  |  |  |  |  |  |  |
Other assets |  |  | 5 |  |  |  | 6 |
Total current assets |  |  | 5 |  |  |  | 6 |
Long-term assets |  |  |  |  |  |  |  |
Property, plant and equipment, net (1) |  |  | 644 |  |  |  | 644 |
Total long-term assets |  |  | 644 |  |  |  | 644 |
Total assets held for sale |  | $ | 649 |  |  | $ | 650 |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 883 |  |  | $ | 932 |
Accrued expenses and other liabilities |  |  | 202 |  |  |  | 193 |
Total current liabilities |  |  | 1,085 |  |  |  | 1,125 |
Total liabilities held for sale |  | $ | 1,085 |  |  | $ | 1,125 |
(1)net of accumulated depreciation of $0 for each period presented. The following table presents the major classes of assets and liabilities of discontinued operations that are not held for sale as of March 31, 2015 and December 31, 2014:
|  | March 31, |  |  | December 31, |
(Amounts in Thousands) |  | 2015 |  |  | 2014 |
Current assets |  |  |  |  |  |  |  |
Other assets |  | $ | 13 |  |  |  | 14 |
Total current assets |  |  | 13 |  |  |  | 14 |
Long-term assets |  |  |  |  |  |  |  |
Property, plant and equipment, net (1) |  |  | 37 |  |  |  | 37 |
Total long-term assets |  |  | 37 |  |  |  | 37 |
Total assets not held for sale |  | $ | 50 |  |  | $ | 51 |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 33 |  |  | $ | 15 |
Accrued expenses and other liabilities |  |  | 281 |  |  |  | 269 |
Environmental liabilities |  |  | 728 |  |  |  | 728 |
Total current liabilities |  |  | 1,042 |  |  |  | 1,012 |
Long-term liabilities |  |  |  |  |  |  |  |
Closure liabilities |  |  | 302 |  |  |  | 302 |
Environmental liabilities |  |  | 288 |  |  |  | 288 |
Total long-term liabilities |  |  | 590 |  |  |  | 590 |
Total liabilities not held for sale |  | $ | 1,632 |  |  | $ | 1,602 |
(1)net of accumulated depreciation of $10,000 for each period presented.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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