Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.20.1
Discontinued Operations
3 Months Ended
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations DISCONTINUED OPERATIONS
In December 2018, we completed the sale of our wood business to Tarzan Holdco, Inc, ("TZI") a Delaware corporation and an affiliate of American Industrial Partners. The proceeds from the sale were $90.2 million, net of closing costs, transaction fees and taxes. The transaction was subject to a customary post-closing working capital adjustment process which resulted in us making a $1.9 million payment to TZI in the third quarter of 2019.
The following is a summary of the results related to the net (loss) gain on disposal of the wood business which is included in discontinued operations:
 
Three Months Ended
March 31, 2019
(Loss) on disposal of discontinued operations before income tax
$
(0.1
)
Income tax (benefit) expense

Net (loss) on disposal of discontinued operations
$
(0.1
)