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Retirement Plans (Tables) | 12 Months Ended
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Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract] |
Schedule of Components of Net Periodic Cost for Employees | Components of net periodic pension cost included in the accompanying Consolidated Statements of Income for the years ended December 31 were as follows:
(in millions) | 2014 |  | 2013
Service cost | $ | 0.9 |  |  | $ | 0.9 |
Interest cost | 1.8 |  |  | 1.3 |
Expected return on assets | (2.1 | ) |  | (1.5 | )
Curtailment loss | 0.1 |  |  | — |
Amortization of net gain | (0.1 | ) |  | — |
Net periodic pension cost | $ | 0.6 |  |  | $ | 0.7 |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive Income | The other changes in plan assets and benefit obligations recognized in accumulated other comprehensive loss for the years ended December 31 were:
(in millions) | 2014 |  | 2013
Net loss (gain) | $ | 9.0 |  |  | $ | (6.2 | )
Amortization of prior service cost | (0.2 | ) |  | 1.0 |
Amortization of net gain | 0.1 |  |  | — |
New prior service cost | 0.1 |  |  | — |
Total recognized in other comprehensive income | $ | 9.0 |  |  | $ | (5.2 | )
Schedule of Weighted-Average Assumptions Used in Calculating Net Periodic Benefit Costs | The following assumptions, calculated on a weighted‑average basis, were used to determine net periodic pension cost for the Company’s defined benefit pension plans for the years ended December 31:
| 2014 |  | 2013
Discount rate (a) | 4.01 | % |  | 4.23 | %
Expected long term return on plan assets | 7.00 | % |  | 6.92 | %
(a) | Due to current economic differences in the interest rates in the jurisdictions of the retirement plans, the discount rates used in 2014 to determine the expenses for the United States retirement plan and Canadian retirement plan were 3.94% and 5.00%, respectively. The discount rates used in 2013 to determine the expenses for the United States retirement plan and Canadian retirement plan were 4.25% and 4.00%, respectively.
Schedule of Funded Status of the Pension Plans | The measurement date for all of the Company’s defined benefit pension plans is December 31. The funded status of the defined benefit pension plans as of December 31 were as follows:
(in millions) | 2014 |  | 2013
Change in Benefit Obligation: |  |  |
Projected benefit obligation at beginning of year | $ | 36.4 |  |  | $ | 39.9 |
Service cost | 0.9 |  |  | 0.9 |
Interest cost | 1.8 |  |  | 1.3 |
Plan changes | 0.2 |  |  | 0.5 |
Actuarial loss (gain) | 9.2 |  |  | (4.8 | )
Curtailments | (0.1 | ) |  | — |
Benefits paid | (0.7 | ) |  | (0.5 | )
Expenses paid | (0.2 | ) |  | (0.3 | )
Foreign currency exchange rate changes | (0.4 | ) |  | (0.6 | )
Projected benefit obligation at end of year | $ | 47.1 |  |  | $ | 36.4 |
Change in Plan Assets: |  |  |
Fair value of plan assets at beginning of year | $ | 30.5 |  |  | $ | 26.2 |
Actual return on assets | 2.2 |  |  | 2.9 |
Employer contribution | 1.0 |  |  | 2.8 |
Plan settlements | — |  |  | (0.4 | )
Benefits paid | (0.7 | ) |  | (0.5 | )
Expenses paid | (0.2 | ) |  | (0.3 | )
Foreign currency exchange rate changes | (0.3 | ) |  | (0.2 | )
Fair value of plan assets at end of year | $ | 32.5 |  |  | $ | 30.5 |
Funded status | $ | (14.6 | ) |  | $ | (5.9 | )
Schedule of Amounts Recognized in the Consolidated Balance Sheet and the Accumulated Benefit Obligation and Fair Value of Assets | The following table represents amounts recorded in the Consolidated Balance Sheet:
| December 31,
(in millions) | 2014 |  | 2013
Amounts recognized in the Consolidated Balance Sheets: |  |  |
Non-current portion of benefit liability | $ | 14.9 |  |  | $ | 6.7 |
Non-current benefit asset | 0.3 |  |  | 0.8 |
Accumulated other comprehensive income | 9.0 |  |  | (5.2 | )
Schedule of Weighted-Average Assumptions Used in Calculating Benefit Obligations | The following assumptions, calculated on a weighted‑average basis, were used to determine benefit obligations for the Company’s defined benefit pension plans as of December 31:
| 2014 |  | 2013
Discount rate(a) | 5.00 | % |  | 5.00 | %
(a) | The discount rates used in 2014 and 2013 to determine the benefit obligations for the United States defined benefit pension plan and Canadian defined benefit pension plan were both 5.00%.
Schedule of Estimated Future Benefit Payments | The following table presents estimated future benefit payments:
(in millions) |
Fiscal 2015 | $ | 0.9 |
Fiscal 2016 | 1.0 |
Fiscal 2017 | 1.0 |
Fiscal 2018 | 1.1 |
Fiscal 2019 | 1.2 |
Fiscal 2020 ‑ Fiscal 2024 | 8.4 |
Schedule of Target and Actual Asset Allocations | Target and actual asset allocations are as follows:
| 2014 Target |  | 2014 Actual
Common/collective trust consisting primarily of: |  |  |
Equity securities | 60.00 | % |  | 76.86 | %
Debt securities | 40.00 | % |  | 21.77 | %
Other | — | % |  | 1.37 | %
Total plan assets | 100.00 | % |  | 100.00 | %
Schedule of Fair Value of Pension Plan Assets by Asset Category | The fair value of the Company’s pension benefit plan assets at December 31 by asset category was as follows:
(in millions) | 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Asset Category |  |  |  |  |  |  |
Common/collective trust |  |  |  |  |  |  |
U.S. equity | $ | 19.6 |  |  | $ | — |  |  | $ | 19.6 |  |  | $ | — |
International equity | 5.2 |  |  | — |  |  | 5.2 |  |  | — |
Total equity based funds | 24.8 |  |  | — |  |  | 24.8 |  |  | — |
Common/collective trust - fixed income | 7.0 |  |  | — |  |  | 7.0 |  |  | — |
Money market funds | 0.7 |  |  | — |  |  | 0.7 |  |  | — |
Total | $ | 32.5 |  |  | $ | — |  |  | $ | 32.5 |  |  | $ | — |
(in millions) | 2013 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Asset Category |  |  |  |  |  |  |
Equity |  |  |  |  |  |  |
Mutual funds—U.S. companies | $ | 13.1 |  |  | $ | 13.1 |  |  | $ | — |  |  | $ | — |
Mutual funds—International companies | 5.9 |  |  | 5.9 |  |  | — |  |  | — |
Total equity funds | 19.0 |  |  | 19.0 |  |  | — |  |  | — |
Mutual funds—fixed income | 10.5 |  |  | 10.5 |  |  | — |  |  | — |
Money market funds | 1.0 |  |  | 1.0 |  |  | — |  |  | — |
Total | $ | 30.5 |  |  | $ | 30.5 |  |  | $ | — |  |  | $ | — |
Schedule of Expenses Related to the Multi-employer Benefit Plans | The expense recognized by the Company for such contributions for the years ended December 31 were as follows:
(in millions) | 2014 |  | 2013
Multi‑employer retirement plan expense | $ | 4.7 |  |  | $ | 3.9 |
Multi‑employer health and welfare plan expense | 2.2 |  |  | 2.2 |
Schedule of Information Regarding Multi-employer Pension Plans | The following table presents information regarding the multi‑employer pension plans that are significant to the Company for the year ended December 31, 2014 and 2013, respectively:
(in millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pension Fund |  | EIN/Pension Plan Number |  | Pension Protection Act Zone Status(1) 2014 |  | FIP/RP Status Pending/Implemented(2) |  | Contributions of the Company 2014 |  | Surcharge Imposed(3) |  | Expiration Date of Collective Bargaining Agreement |  | Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
United Furniture Workers Pension Fund A(4) |  | 13-5511877-001 |  | Red |  | Implemented |  | $ | 0.9 |  |  | Yes, 10.0% |  | 2016 and 2017 |  | 2013, 2014
Pension Plan of the National Retirement Fund |  | 13-6130178-001 |  | Red |  | Implemented |  | $ | 1.1 |  |  | Yes, 10.0% |  | 2016 |  | N/A
Central States, Southeast & Southwest Areas Pension Plan |  | 36-6044243-001 |  | Red |  | Implemented |  | $ | 0.4 |  |  | Yes, 10.0% |  | 2015 |  | N/A
(in millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pension Fund |  | EIN/Pension Plan Number |  | Pension Protection Act Zone Status(1) 2013 |  | FIP/RP Status Pending/Implemented(2) |  | Contributions of the Company 2013 |  | Surcharge Imposed(3) |  | Expiration Date of Collective Bargaining Agreement |  | Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
United Furniture Workers Pension Fund A(4) |  | 13-5511877-001 |  | Red |  | Implemented |  | $ | 0.7 |  |  | Yes, 10.0% |  | 2014 and 2016 |  | 2013
Pension Plan of the National Retirement Fund |  | 13-6130178-001 |  | Red |  | Implemented |  | $ | 0.7 |  |  | Yes, 10.0% |  | 2014 |  | N/A
(1) | The Pension Protection Act of 2006 ranks the funded status of multi-employer pension plans depending upon a plan’s current and projected funding. A plan is in the Red Zone (Critical) if it has a current funded percentage less than 65.0%. A plan is in the Yellow Zone (Endangered) if it has a current funded percentage of less than 80.0%, or projects a credit balance deficit within seven years. A plan is in the Green Zone (Healthy) if it has a current funded percentage greater than 80.0% and does not have a projected credit balance deficit within seven years. The zone status is based on the plan’s year end rather than the Company’s. The zone status listed above is based on information that the Company received from the plan and is certified by the plan’s actuary for the most recent year available.
(2) | Funding Improvement Plan or Rehabilitation Plan as defined in the Employment Retirement Security Act of 1974 has been implemented or is pending.
(3) | Indicates whether the Company paid a surcharge to the plan in the most current year due to funding shortfalls and the amount of the surcharge.
(4) | The Company represented more than 5.0% of the total contributions for the most recent plan year available.

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. In addition, a tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References No definition available. + Details
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- Definition Tabular disclosure of contribution made to the multiemployer plan in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References No definition available. + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans benefit obligation, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References No definition available. + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450657-114947 + Details
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