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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Components of Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes from continuing operations for each of the three years in the period ended December 31 consisted of the following:
(in millions) | 2013 |  | 2012 |  | 2011
Current: |  |  |  |  |
Federal | $ | — |  |  | $ | (1.8 | ) |  | $ | (3.8 | )
Foreign | 2.4 |  |  | 3.2 |  |  | 2.1 |
State and local | 1.0 |  |  | 0.1 |  |  | 0.3 |
| 3.4 |  |  | 1.5 |  |  | (1.4 | )
Deferred: |  |  |  |  |
Federal | $ | (112.1 | ) |  | $ | 2.1 |  |  | $ | 4.7 |
Foreign | 0.2 |  |  | 0.3 |  |  | 0.2 |
State and local | 1.3 |  |  | — |  |  | — |
| (110.6 | ) |  | 2.4 |  |  | 4.9 |
Total income tax (benefit) provision | $ | (107.2 | ) |  | $ | 3.9 |  |  | $ | 3.5 |
Differences between Statutory Federal Income Tax Rate and Effective Income Tax Rate | Differences between the statutory federal income tax rate and the effective income tax rate from continuing operations for each of the three years in the period ended December 31 are summarized below:
| 2013 |  | 2012 |  | 2011
Statutory federal income tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal tax benefit | 2.7 |  |  | 1.0 |  |  | 0.9 |
Valuation allowance | (231.7 | ) |  | 41.3 |  |  | 8.8 |
Domestic production deduction | (1.2 | ) |  | — |  |  | — |
Bad debt deduction | — |  |  | (24.9 | ) |  | — |
Asset dispositions and write-offs | (3.0 | ) |  | (29.5 | ) |  | — |
Repatriation effects | 1.5 |  |  | — |  |  | — |
Tax reserves | — |  |  | (1.0 | ) |  | 4.1 |
R&D tax credits | (1.5 | ) |  | — |  |  | (4.1 | )
Foreign tax rate effects | (4.4 | ) |  | (7.2 | ) |  | (22.5 | )
Other, net | 0.3 |  |  | 0.4 |  |  | (1.1 | )
Effective income tax rate | (202.3 | )% |  | 15.1 | % |  | 21.1 | %
Deferred Income Tax Assets and Liabilities | Deferred income tax assets and liabilities at December 31 are summarized as follows:
(in millions) | 2013 |  | 2012
Deferred tax assets: |  |  |
Depreciation and amortization | $ | 10.8 |  |  | $ | 12.5 |
Accrued expenses | 28.8 |  |  | 27.9 |
Net operating loss, capital loss, alternative minimum tax, research and development, and foreign tax credit carryforwards | 62.8 |  |  | 75.0 |
Definite lived intangibles | 1.7 |  |  | 1.8 |
Pension benefits | 23.3 |  |  | 31.1 |
Other | 1.1 |  |  | 0.3 |
Deferred revenue | 0.1 |  |  | 0.1 |
Gross deferred tax assets | 128.6 |  |  | 148.7 |
Valuation allowance | (9.8 | ) |  | (131.8 | )
Total deferred tax assets | 118.8 |  |  | 16.9 |
Deferred tax liabilities: |  |  |
Depreciation and amortization | (3.7 | ) |  | (5.0 | )
Expenses capitalized for book | (1.0 | ) |  | (2.1 | )
Pension benefits | (11.5 | ) |  | — |
Indefinite lived intangibles | (56.8 | ) |  | (56.2 | )
Other | (0.3 | ) |  | — |
Gross deferred tax liabilities | (73.3 | ) |  | (63.3 | )
Net deferred tax assets (liabilities) | $ | 45.5 |  |  | $ | (46.4 | )
Classification of Net Deferred Tax Assets in Balance Sheet | The net deferred tax asset at December 31 is classified in the balance sheet as follows:
(in millions) | 2013 |  | 2012
Current net deferred tax assets | $ | 12.5 |  |  | $ | 4.0 |
Current valuation allowance | (0.1 | ) |  | (14.6 | )
Total current net deferred tax assets (liabilities) | $ | 12.4 |  |  | $ | (10.6 | )
Long-term net deferred tax assets | $ | 42.8 |  |  | $ | 81.4 |
Long-term valuation allowance | (9.7 | ) |  | (117.2 | )
Long-term net deferred tax assets (liabilities) | $ | 33.1 |  |  | $ | (35.8 | )
Summary of Activities Related to Unrecognized Tax Benefits | The following table summarizes the activity related to the Company’s unrecognized tax benefits in each of the three years in the period ended December 31, 2013:
(in millions) | 2013 |  | 2012 |  | 2011
Balance at January 1 | $ | 4.0 |  |  | $ | 4.3 |  |  | $ | 3.8 |
Increases related to current year tax | 1.4 |  |  | 0.2 |  |  | 1.3 |
Increases from prior period positions | 0.4 |  |  | 0.1 |  |  | — |
Decreases from settlements with tax authorities | — |  |  | — |  |  | (0.2 | )
Decreases from prior period positions | (0.2 | ) |  | (0.2 | ) |  | — |
Decreases due to lapse of statute of limitations | (0.8 | ) |  | (0.4 | ) |  | (0.6 | )
Balance at December 31 | $ | 4.8 |  |  | $ | 4.0 |  |  | $ | 4.3 |

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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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