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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
INCOME TAXES [Abstract] |
Components of Income (Loss) before Income Taxes | The components of income (loss) from continuing operations before income taxes are as follows (in millions):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
United States |  | $ | 15.9 |  |  | $ | (14.5 | ) |  | $ | 1.9 |
Foreign |  |  | (13.8 | ) |  |  | (20.3 | ) |  |  | (22.0 | )
Total |  | $ | 2.1 |  |  | $ | (34.8 | ) |  | $ | (20.1 | )
Schedule of (Benefit) Provision for Income Taxes | The (benefit) provision for income taxes from continuing operations consists of the following (in millions):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | 3.1 |  |  | $ | 7.6 |
State |  |  | 1.2 |  |  |  | 0.6 |  |  |  | 0.4 |
Foreign |  |  | 4.4 |  |  |  | 4.3 |  |  |  | 3.2 |
Total current |  |  | 5.6 |  |  |  | 8.0 |  |  |  | 11.2 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 0.1 |  |  |  | 0.1 |  |  |  | - |
State |  |  | 1.1 |  |  |  | - |  |  |  | (0.3 | )
Foreign |  |  | 3.2 |  |  |  | 5.4 |  |  |  | 1.0 |
Total deferred |  |  | 4.4 |  |  |  | 5.5 |  |  |  | 0.7 |
TOTAL |  | $ | 10.0 |  |  | $ | 13.5 |  |  | $ | 11.9 |
Reconciliation of Difference between Income Tax Expense and Computed Income Tax Expense Based on Federal Statutory Corporate Rate | A reconciliation of the difference between the income tax expense and the computed income tax expense based on the Federal statutory corporate rate is as follows (in millions):
|  | Year Ended December 31, |
|  | 2016 |  |  |  |  |  | 2015 |  |  |  |  |  | 2014 |  |  |  |
Income tax at Federal statutory rate |  | $ | 0.7 |  |  |  | (35.0 | )% |  | $ | (12.2 | ) |  |  | (35.0 | )% |  | $ | (7.1 | ) |  |  | (35.0 | )%
Foreign taxes at rates different from the U.S. rate |  |  | 5.2 |  |  |  | (247.6 | ) |  |  | 7.7 |  |  |  | 22.2 |  |  |  | 5.2 |  |  |  | 25.9 |
State and local income taxes, net of federal tax benefit |  |  | (0.6 | ) |  |  | 28.6 |  |  |  | (1.4 | ) |  |  | (3.9 | ) |  |  | 1.6 |  |  |  | 8.2 |
Impact of state rate changes |  |  | 1.4 |  |  |  | (66.7 | ) |  |  | 0.7 |  |  |  | 1.9 |  |  |  | - |  |  |  | - |
Changes in valuation allowances |  |  | 2.8 |  |  |  | (133.3 | ) |  |  | 18.8 |  |  |  | 54.2 |  |  |  | 12.4 |  |  |  | 61.5 |
Change in deferred tax liability |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-deductible items |  |  | 0.4 |  |  |  | (19.0 | ) |  |  | 0.1 |  |  |  | 0.2 |  |  |  | - |  |  |  | - |
Other items, net |  |  | 0.1 |  |  |  | (4.8 | ) |  |  | (0.2 | ) |  |  | (0.8 | ) |  |  | (0.2 | ) |  |  | (1.1 | )
Income tax |  | $ | 10.0 |  |  |  | (477.8 | )% |  | $ | 13.5 |  |  |  | 38.8 | % |  | $ | 11.9 |  |  |  | 59.5 | %
Schedule of Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities are comprised of the following (in millions):
|  | December 31, |
|  | 2016 |  |  | 2015 |
Assets: |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 12.2 |  |  | $ | 12.4 |
Inventory |  |  | 1.5 |  |  |  | 5.6 |
Depreciation |  |  | 0.6 |  |  |  | 0.8 |
Intangible & other |  |  | 13.5 |  |  |  | 13.0 |
Net operating loss and credit carryforwards |  |  | 66.4 |  |  |  | 57.4 |
Valuation allowances |  |  | (89.7 | ) |  |  | (80.6 | )
Total non-current deferred tax assets |  |  | 4.5 |  |  |  | 8.6 |
Liabilities : |  |  |  |  |  |  |  |
Non-current: |  |  |  |  |  |  |  |
Other |  | $ | 0.5 |  |  | $ | 0.4 |
Total non-current liabilities |  | $ | 0.5 |  |  | $ | 0.4 |

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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=65882285&loc=d3e32537-109319 + Details
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