Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.20.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following is a summary of the results related to the net gain (loss) on disposal of wood business which is included in discontinued operations:
 
2019
2018
Gain (loss) on disposal of discontinued operations before income tax
$
10.4

$
(153.8
)
Income tax expense
—

—

Net gain (loss) on disposal of discontinued operations
$
10.4

$
(153.8
)


The following is a summary of the operating results of the wood business, which are included in discontinued operations. These results exclude overhead allocations.
 
 
 
2018
 
2017
Net Sales
$
387.0

 
$
429.6

Cost of goods sold
330.7

 
407.5

Gross profit
56.3

 
22.1

Selling, general and administrative expenses
36.6

 
39.4

Intangible asset impairment
—

 
12.5

Operating earnings (loss)
19.7

 
(29.8
)
Interest expense
—

 
0.1

Other expense, net
—

 
1.0

Earnings (loss) before income tax
19.7

 
(30.9
)
Income tax expense (benefit)
9.8

 
(6.2
)
Net earnings (loss) from discontinued operations
$
9.9

 
$
(24.7
)
 
2018
 
2017
Depreciation and Amortization
$
10.3

 
$
40.0

Capital Expenditures
(8.0
)
 
(12.3
)