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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Discontinued Operations | The following table summarizes the major line items included in the results of operations of the discontinued operations.
|  | Year Ended December 31, |
|  | 2017(1) |  |  | 2016 |  |  | 2015 |
Net sales |  | $ | 168,287 |  |  | $ | 248,534 |  |  | $ | 261,837 |
Cost of products sold (exclusive of depreciation and amortization shown separately below) |  |  | 130,555 |  |  |  | 192,994 |  |  |  | 205,361 |
Selling, general and administrative expense |  |  | 11,818 |  |  |  | 16,992 |  |  |  | 17,468 |
Depreciation and amortization |  |  | 7,722 |  |  |  | 11,852 |  |  |  | 11,496 |
(Gain) loss on disposal of assets |  |  | — |  |  |  | 27 |  |  |  | — |
Restructuring and integration expense |  |  | 429 |  |  |  | 4,366 |  |  |  | 2,019 |
Income from operations |  |  | 17,763 |  |  |  | 22,303 |  |  |  | 25,493 |
Interest income (expense) |  |  | (181 | ) |  |  | (284 | ) |  |  | (317 | )
Interest and other income (expense) |  |  | (84 | ) |  |  | 503 |  |  |  | (654 | )
Income from discontinued operations before gain on disposal and provision for income taxes |  |  | 17,498 |  |  |  | 22,522 |  |  |  | 24,522 |
Provision for income taxes on discontinued operations |  |  | (7,461 | ) |  |  | (6,369 | ) |  |  | (6,633 | )
Income from discontinued operations before gain on disposal |  |  | 10,037 |  |  |  | 16,153 |  |  |  | 17,889 |
Gain on disposal of discontinued operations |  |  | 213,503 |  |  |  | — |  |  |  | — |
Provision for income taxes on gain on disposal |  |  | (85,852 | ) |  |  | — |  |  |  | — |
Income from discontinued operations, net of tax |  | $ | 137,688 |  |  | $ | 16,153 |  |  | $ | 17,889 |
(1) | Includes the results of operations of the PBC Business from January 1 to August 17, 2017.
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented.
|  | As of December 31, |
|  | 2017 |  |  | 2016 |
Cash |  | $ | — |  |  | $ | 8,134 |
Accounts receivable, net |  |  | — |  |  |  | 46,114 |
Inventories |  |  | — |  |  |  | 47,714 |
Other current assets |  |  | — |  |  |  | 4,755 |
Total current assets of discontinued operations |  |  | — |  |  |  | 106,717 |
Property, plant and equipment, net |  |  | — |  |  |  | 92,373 |
Goodwill |  |  | — |  |  |  | 8,909 |
Intangible assets, net |  |  | — |  |  |  | 1,718 |
Other non-current assets |  |  | — |  |  |  | 940 |
Total non-current assets of discontinued operations |  |  | — |  |  |  | 103,940 |
Total assets of discontinued operations |  | $ | — |  |  | $ | 210,657 |
Accounts payable |  | $ | — |  |  | $ | 31,014 |
Accrued salaries, wages and benefits |  |  | — |  |  |  | 9,234 |
Income taxes payable |  |  | — |  |  |  | 2,825 |
Other current liabilities |  |  | — |  |  |  | 2,176 |
Total current liabilities of discontinued operations |  |  | — |  |  |  | 45,249 |
Deferred tax liabilities |  |  | — |  |  |  | 4,173 |
Accrued post-employment benefits |  |  | — |  |  |  | 4,707 |
Other non-current liabilities |  |  | — |  |  |  | 3,731 |
Total non-current liabilities of discontinued operations |  |  | — |  |  |  | 12,611 |
Total liabilities of discontinued operations |  | $ | — |  |  | $ | 57,860 |
The following table presents the significant noncash items and cash paid for capital expenditures of discontinued operations for each period presented.
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Depreciation and amortization |  | $ | 7,722 |  |  | $ | 11,852 |  |  | $ | 11,496 |
Acquisition of property, plant and equipment |  | $ | 7,316 |  |  | $ | 11,926 |  |  | $ | 15,111 |

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