Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS

v3.8.0.1
DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
 
The following table summarizes the operating results of the Company’s discontinued operations (dollar amounts in thousands):
 
2015
Net sales
$
—

 
 
Income before income tax provision
$
2,604

Income tax provision
488

Income from discontinued operations
$
2,116


 
There was no income or losses from discontinued operations during the years ended December, 31, 2017 and 2016.

During the year ended December 31, 2015, the Company received $1.3 million in net proceeds from the sales of its fixed assets in Venezuela, which is included in the results from discontinued operations. The Company ceased its operations in Venezuela in 2014. During the year ended December 31, 2015, the Company released $1.3 million in accrued liabilities related to prior sales and use taxes as well as other litigation in Brazil, which is included in the results from discontinued operations.

The income from discontinued operations did not have a material impact on the Company’s operating cash flows during the year ended December 31, 2015.