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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table presents the operating results of the Company’s discontinued Fire Rescue Group for each of the three years in the period ended December 31, 2016:
(in millions)
2016 (a)
 
2015
 
2014
Net sales
$
4.2

 
$
100.0

 
$
139.4

Cost of sales
3.9

 
80.8

 
114.8

Gross profit
0.3

 
19.2

 
24.6

Selling, engineering, general and administrative expenses
1.1

 
17.1

 
20.7

Restructuring
—

 
0.8

 
—

Operating (loss) income
(0.8
)
 
1.3

 
3.9

Interest expense, net
—

 
—

 
0.2

Other income, net
—

 
(0.2
)
 
(0.2
)
(Loss) income before income taxes
(0.8
)
 
1.5

 
3.9

Income tax (benefit) expense
(0.2
)
 
0.3

 
0.6

Net (loss) income from operations
$
(0.6
)
 
$
1.2

 
$
3.3


(a)
Only includes activity in the period up to the completion of the sale on January 29, 2016.
Assets and liabilities of discontinued operations
The following table presents the assets and liabilities of the Company’s discontinued operations, which include the Fire Rescue Group, as well as other operations discontinued in prior periods, as of December 31, 2016 and 2015:
 
2016
 
2015
(in millions)
Fire Rescue
 
Other
 
Total
 
Fire Rescue
 
Other
 
Total
Cash and cash equivalents
$
—

 
$
—

 
$
—

 
$
5.0

 
$
—

 
$
5.0

Accounts receivable, net
—

 
—

 
—

 
15.5

 
—

 
15.5

Inventories
—

 
—

 
—

 
40.4

 
—

 
40.4

Prepaid expenses
—

 
—

 
—

 
2.7

 
—

 
2.7

Other current assets
—

 
—

 
—

 
0.2

 
—

 
0.2

Current assets of discontinued operations
$
—

 
$
—

 
$
—

 
$
63.8

 
$
—

 
$
63.8

 
 
 
 
 
 
 
 
 
 
 
 
Properties and equipment, net
$
—

 
$
—

 
$
—

 
$
13.4

 
$
—

 
$
13.4

Goodwill
—

 
—

 
—

 
28.3

 
—

 
28.3

Deferred tax assets
—

 
1.1

 
1.1

 
—

 
1.6

 
1.6

Long-term assets of discontinued operations
$
—

 
$
1.1

 
$
1.1

 
$
41.7

 
$
1.6

 
$
43.3

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
$
—

 
$
—

 
$
—

 
$
7.3

 
$
—

 
$
7.3

Customer deposits
—

 
—

 
—

 
10.6

 
—

 
10.6

Accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
Compensation and withholding taxes
—

 
—

 
—

 
4.3

 
—

 
4.3

Other current liabilities
1.3

 
0.8

 
2.1

 
4.0

 
2.4

 
6.4

Current liabilities of discontinued operations
$
1.3

 
$
0.8

 
$
2.1

 
$
26.2

 
$
2.4

 
$
28.6

 
 
 
 
 
 
 
 
 
 
 
 
Long-term pension and other post-retirement benefit liabilities
$
—

 
$
—

 
$
—

 
$
0.7

 
$
—

 
$
0.7

Other long-term liabilities
—

 
2.0

 
2.0

 
5.5

 
9.1

 
14.6

Long-term liabilities of discontinued operations
$
—

 
$
2.0

 
$
2.0

 
$
6.2

 
$
9.1

 
$
15.3