Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.2.0.727
Discontinued Operations
 6 Months Ended
Jun. 30, 2015
Discontinued Operations  
Discontinued Operations

 

(2)Discontinued operations

 

In November 2014, the Company ceased its operations in Venezuela due to the difficulties and uncertainties related to import controls, difficulties associated with repatriating cash and high inflation. This market was part of the Company’s NSP Americas segment and all of the income (loss) from discontinued operations is related to the common shareholders of the Company.

 

The following table summarizes the operating results of the Company’s discontinued operations for the six months ended:

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

Net sales revenue

 

$

—

 

$
3,780

 

 

 

 

 

 

 

Income (loss) before income tax provision

 

$
1,312

 

$
(834

)

Income tax provision

 

—

 
53

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

$
1,312

 

$
(887

)

 

 

 

 

 

 

 

 

 

During the six months ended June 30, 2015, the Company received $1,312 in net proceeds from the sales of its fixed assets in Venezuela, which is included in the results from discontinued operations. The income (loss) from discontinued operations did not have a material impact on the Company’s operating cash flows during the six months ended June 30, 2014.