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Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Income Taxes |
Schedule of significant components of the Company's deferred income tax liabilities and assets |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
|  | (in millions) |
Deferred income tax liabilities: |  |  |  |  |  |  |
Excess tax over book depreciation |  | $ | 22.7 |  | $ | 20.6 |
Intangibles |  |  | 31.8 |  |  | 33.6 |
Other |  |  | 15.7 |  |  | 14.1 |
Total deferred tax liabilities |  |  | 70.2 |  |  | 68.3 |
Deferred income tax assets: |  |  |  |  |  |  |
Accrued expenses |  |  | 16.7 |  |  | 17.9 |
Net operating loss carry-forward |  |  | 5.5 |  |  | 6.5 |
Inventory reserves |  |  | 8.7 |  |  | 8.1 |
Pension—accumulated other comprehensive income |  |  | 15.8 |  |  | 12.0 |
Other |  |  | 14.8 |  |  | 15.2 |
Total deferred tax assets |  |  | 61.5 |  |  | 59.7 |
Less: valuation allowance |  |  | (10.1 | ) |  | (9.1 | )
Net deferred tax assets |  |  | 51.4 |  |  | 50.6 |
Net deferred tax liabilities |  | $ | (18.8 | ) | $ | (17.7 | )
Schedule of pre-tax income upon which provision for income taxes from continuing operations is based |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
Domestic |  | $ | 27.3 |  | $ | 39.6 |  | $ | 43.5 |
Foreign |  |  | 73.0 |  |  | 51.5 |  |  | 51.0 |
|  | $ | 100.3 |  | $ | 91.1 |  | $ | 94.5 |
Schedule of provision for income taxes from continuing operations |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
Current tax expense: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 5.0 |  | $ | 6.9 |  | $ | 12.0 |
Foreign |  |  | 21.4 |  |  | 18.6 |  |  | 20.5 |
State |  |  | 1.3 |  |  | 1.8 |  |  | 2.9 |
|  |  | 27.7 |  |  | 27.3 |  |  | 35.4 |
Deferred tax expense (benefit): |  |  |  |  |  |  |  |  |  |
Federal |  |  | 4.4 |  |  | 5.5 |  |  | 1.6 |
Foreign |  |  | (3.5 | ) |  | (7.3 | ) |  | (5.9 | )
State |  |  | 1.1 |  |  | 1.2 |  |  | 0.3 |
|  |  | 2.0 |  |  | (0.6 | ) |  | (4.0 | )
|  | $ | 29.7 |  | $ | 26.7 |  | $ | 31.4 |
Reconciliation of federal statutory taxes to actual income taxes reported from continuing operations |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
Computed expected federal income expense |  | $ | 35.1 |  | $ | 31.9 |  | $ | 33.0 |
State income taxes, net of federal tax benefit |  |  | 1.5 |  |  | 1.9 |  |  | 2.1 |
Foreign tax rate differential |  |  | (7.6 | ) |  | (2.6 | ) |  | (3.3 | )
China tax clawback |  |  | — |  |  | (4.2 | ) |  | — |
Other, net |  |  | 0.7 |  |  | (0.3 | ) |  | (0.4 | )
|  | $ | 29.7 |  | $ | 26.7 |  | $ | 31.4 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References No definition available. + Details
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