Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
The following table presents loss from continuing operations before income taxes for U.S. and international operations based on the location of the entity to which such earnings are attributable:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Domestic
$
(28.1
)
 
$
(18.0
)
 
$
(15.1
)
Foreign
3.0

 
(1.1
)
 
(5.8
)
Total
$
(25.1
)
 
$
(19.1
)
 
$
(20.9
)
Schedule of Components of Income Tax Expense (Benefit)
The following table presents the components of the income tax benefit:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Current
 
 
 
 
 
Federal
$
0.3

 
$
(4.7
)
 
$
(0.9
)
Foreign
0.6

 
(0.4
)
 
(0.4
)
State and local
0.2

 

 
0.3

Subtotal
1.1

 
(5.1
)
 
(1.0
)
Deferred
 
 
 
 
 
Federal
(4.6
)
 
(0.3
)
 
(3.8
)
Foreign
(2.5
)
 
0.1

 
0.5

State and local

 
3.3

 
(0.4
)
Subtotal
(7.1
)
 
3.1

 
(3.7
)
Total
$
(6.0
)
 
$
(2.0
)
 
$
(4.7
)
Schedule of Effective Income Tax Rate Reconciliation
The following table presents the differences between our income tax benefit at the U.S. federal statutory income tax rate and our effective income tax rate:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Continuing operations tax at statutory rate
$
(5.3
)
 
$
(6.7
)
 
$
(7.3
)
(Decrease)/increase in valuation allowances on deferred foreign income tax assets
(3.4
)
 
2.0

 
2.4

Permanent book/tax differences
1.7

 
0.6

 
3.6

Tax on foreign and foreign-source income
1.1

 
(1.4
)
 
(1.5
)
Increase in valuation allowances on deferred state income tax assets
0.7

 
5.2

 

State income tax benefit, not of federal benefit
(0.6
)
 
(0.8
)
 
(0.6
)
Research and development credits
(0.6
)
 
(0.7
)
 
(0.8
)
Increase in valuation allowances on deferred federal income tax assets
0.2

 

 

Impact of Tax Reform Act
0.1

 
0.8

 

State law changes, net of federal benefit

 
(1.1
)
 

Domestic production activities

 

 
(0.4
)
Other
0.1

 
0.1

 
(0.1
)
Total
$
(6.0
)
 
$
(2.0
)
 
$
(4.7
)
Schedule of Deferred Tax Assets and Liabilities
 
December 31, 2018
 
December 31, 2017
Deferred income tax assets (liabilities)
 
 
 
Postretirement and postemployment benefits
$
16.7

 
$
20.2

Net operating losses
19.3

 
30.4

Accrued expenses
9.1

 
8.3

Deferred compensation
5.5

 
2.4

Customer claims reserves
2.9

 
2.9

Goodwill
2.2

 
2.6

Pension benefit liabilities
2.3

 
0.4

Tax credit carryforwards
2.6

 
2.5

Intangibles
1.7

 
0.6

Other
0.8

 
1.3

Total deferred income tax assets
63.1

 
71.6

Valuation allowances
(29.7
)
 
(29.7
)
Net deferred income tax assets
33.4

 
41.9

Accumulated depreciation
(20.2
)
 
(21.2
)
Inventories
(8.7
)
 
(8.1
)
Other
(1.0
)
 
(0.5
)
Total deferred income tax liabilities
(29.9
)
 
(29.8
)
Net deferred income tax assets
$
3.5

 
$
12.1

Deferred income taxes have been classified in the Consolidated Balance Sheet as:
 
 
 
Deferred income tax assets—noncurrent
$
5.6

 
$
14.0

Deferred income tax liabilities—noncurrent
(2.1
)
 
(1.9
)
Net deferred income tax assets
$
3.5

 
$
12.1

Summary of Valuation Allowance
The following table presents the components of our valuation allowance against deferred income tax assets:
 
Year Ended December 31,
 
2018
 
2017
Federal
$
9.4


$
0.1

State
2.8


6.1

Foreign
17.5

 
23.5

Total
$
29.7

 
$
29.7

Summary of Operating Loss Carryforwards
The following is a summary of our net operating loss (“NOL”) carryforwards:
 
Year Ended December 31,
 
2018
 
2017
State
$
17.6

 
$
17.8

Foreign
65.3

 
83.2

Federal
14.0

 
30.5

Schedule of Unrecognized Tax Benefits
The following table presents a reconciliation of the total amounts of UTBs, excluding interest and penalties:
 
2018
 
2017
 
2016
Unrecognized tax benefits as of January 1,
$
4.8

 
$
5.0

 
$
81.9

Gross change for current year positions
0.2

 
0.4

 
1.3

(Decreases) for prior period positions
(3.4
)
 
(0.6
)
 
(78.2
)
Unrecognized tax benefits balance as of December 31,
$
1.6

 
$
4.8

 
$
5.0

Schedule of Other Income Tax Amounts
The following table details amounts related to certain other taxes:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Payroll taxes
$
11.7

 
$
10.9

 
$
11.5

Property and franchise taxes
2.5

 
2.5

 
2.6