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Note 17 - Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | 2020 |  |  | 2019 |  |  | 2018 |
U.S. operations |  | $ | 46.6 |  |  | $ | 50.1 |  |  | $ | 23.9 |
Foreign operations |  |  | (5.5 | ) |  |  | 3.9 |  |  |  | 11.9 |
Total |  | $ | 41.1 |  |  | $ | 54.0 |  |  | $ | 35.8 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 4.2 |  |  | $ | 9.6 |  |  | $ | 3.7 |
Foreign |  |  | 3.8 |  |  |  | 5.6 |  |  |  | 7.0 |
State |  |  | 1.8 |  |  |  | 2.1 |  |  |  | 1.0 |
|  | $ | 9.8 |  |  | $ | 17.3 |  |  | $ | 11.7 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 4.4 |  |  | $ | (2.4 | ) |  | $ | (3.1 | )
Foreign |  |  | (6.9 | ) |  |  | (6.7 | ) |  |  | (6.0 | )
State |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | (0.3 | )
|  | $ | (2.4 | ) |  | $ | (9.2 | ) |  | $ | (9.4 | )
Total: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 8.6 |  |  | $ | 7.2 |  |  | $ | 0.6 |
Foreign |  |  | (3.1 | ) |  |  | (1.1 | ) |  |  | 1.0 |
State |  |  | 1.9 |  |  |  | 2.0 |  |  |  | 0.7 |
Total Income Tax Expense |  | $ | 7.4 |  |  | $ | 8.1 |  |  | $ | 2.3 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Tax at statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
(Decreases) increases in the tax rate from: |  |  |  |  |  |  |  |  |  |  |  |
State and local taxes, net of federal benefit |  |  | 3.5 |  |  |  | 1.9 |  |  |  | 1.4 |
Effect of foreign operations |  |  | (3.7 | ) |  |  | 3.5 |  |  |  | (4.3 | )
Transaction costs |  |  | — |  |  |  | 0.1 |  |  |  | (4.2 | )
Effect of 2017 deferred rate change |  |  | — |  |  |  | — |  |  |  | (1.0 | )
Transition Tax |  |  | — |  |  |  | — |  |  |  | (1.0 | )
Effect of changes in valuation allowances |  |  | 0.5 |  |  |  | (9.7 | ) |  |  | 6.6 |
Domestic production activities deduction |  |  | — |  |  |  | (0.3 | ) |  |  | 0.4 |
Executive compensation over $1 million |  |  | 2.1 |  |  |  | 2.5 |  |  |  | 1.0 |
Share-based payments |  |  | (0.9 | ) |  |  | (2.0 | ) |  |  | (5.7 | )
Research & Development credit |  |  | (3.3 | ) |  |  | (1.9 | ) |  |  | (3.6 | )
Other, net |  |  | (1.3 | ) |  |  | — |  |  |  | (4.2 | )
Effective income tax rate |  |  | 17.9 | % |  |  | 15.1 | % |  |  | 6.4 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | 2020 |  |  | 2019 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Inventory costing and valuation methods |  | $ | 4.5 |  |  | $ | 4.6 |
Employee wages and benefits, principally due to accruals for financial reporting purposes |  |  | 14.0 |  |  |  | 13.7 |
Warranty reserves accrued for financial reporting purposes |  |  | 2.3 |  |  |  | 2.5 |
Receivables, principally due to allowance for doubtful accounts and tax accounting method for equipment rentals |  |  | 2.3 |  |  |  | 1.9 |
Operating lease liability |  |  | 11.2 |  |  |  | 11.4 |
Tax loss carryforwards |  |  | 9.6 |  |  |  | 6.6 |
Tax credit carryforwards |  |  | 3.6 |  |  |  | 3.2 |
Other |  |  | 2.5 |  |  |  | 3.2 |
Gross Deferred Tax Assets |  | $ | 50.0 |  |  | $ | 47.1 |
Less: valuation allowance |  |  | (7.5 | ) |  |  | (6.2 | )
Total Net Deferred Tax Assets |  | $ | 42.5 |  |  | $ | 40.9 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Lease right of use assets |  | $ | 11.2 |  |  | $ | 11.4 |
Property, Plant and Equipment, principally due to differences in depreciation and related gains |  |  | 14.0 |  |  |  | 10.2 |
Goodwill and Intangible Assets |  |  | 41.5 |  |  |  | 43.4 |
Total Deferred Tax Liabilities |  | $ | 66.7 |  |  | $ | 65.0 |
Net Deferred Tax Liabilities |  | $ | (24.2 | ) |  | $ | (24.1 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | 2020 |  |  | 2019 |
Balance at January 1 |  | $ | 7.5 |  |  | $ | 5.6 |
Increases as a result of tax positions taken during a prior period |  |  | 0.3 |  |  |  | 0.1 |
Increases as a result of tax positions taken during the current year |  |  | 0.4 |  |  |  | 0.5 |
Increase related to prior period tax positions of acquired entities |  |  | — |  |  |  | 2.5 |
Decreases relating to settlement with tax authorities |  |  | (0.8 | ) |  |  | (0.1 | )
Reductions as a result of a lapse of the applicable statute of limitations |  |  | (1.4 | ) |  |  | (1.0 | )
Increases as a result of foreign currency fluctuations |  |  | 0.4 |  |  |  | (0.1 | )
Balance at December 31 |  | $ | 6.4 |  |  | $ | 7.5 |

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