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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | For financial reporting purposes, income before income taxes includes the following components:
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
United States | $ | 41.6 |  |  | $ | 31.0 |  |  | $ | 57.7 |
Foreign | 63.9 |  |  | 77.2 |  |  | 70.0 |
Total | $ | 105.5 |  |  | $ | 108.2 |  |  | $ | 127.7 |
Schedule of Components of Income Tax Expense (Benefit), Continuing Operations | An analysis of the provision (benefit) for income taxes from continuing operations follows ($ in millions):
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Current income taxes: |  |  |  |  |
U.S. Federal | $ | 13.0 |  |  | $ | 6.6 |  |  | $ | 13.6 |
U.S. State | 1.1 |  |  | 0.6 |  |  | 0.9 |
Foreign | 14.2 |  |  | 10.0 |  |  | 21.2 |
| 28.3 |  |  | 17.2 |  |  | 35.7 |
Deferred income taxes: |  |  |  |  |
U.S. Federal | (5.8 | ) |  | 3.0 |  |  | (0.2 | )
U.S. State | 0.1 |  |  | (0.8 | ) |  | — |
Foreign | (1.0 | ) |  | 1.1 |  |  | 17.5 |
| (6.7 | ) |  | 3.3 |  |  | 17.3 |
Total | $ | 21.6 |  |  | $ | 20.5 |  |  | $ | 53.0 |
Schedule of Reconciliation of Income Tax Rate | A reconciliation of income taxes computed at the U.S. Federal statutory income tax rate to the provision for income taxes is as follows ($ in millions):
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Tax provision at U.S. statutory rate | $ | 36.9 |  |  | 35.0 | % |  | $ | 37.9 |  |  | 35.0 | % |  | $ | 44.7 |  |  | 35.0 | %
Foreign income tax rate differential | (16.2 | ) |  | (15.4 | ) |  | (15.4 | ) |  | (14.2 | ) |  | 9.0 |  |  | 7.0 |
Domestic production deduction | (1.5 | ) |  | (1.4 | ) |  | (1.0 | ) |  | (0.9 | ) |  | — |  |  | — |
Adjustments to valuation allowances | 1.4 |  |  | 1.3 |  |  | 0.4 |  |  | 0.4 |  |  | 1.2 |  |  | 0.9 |
Other, net | 1.0 |  |  | 1.0 |  |  | (1.4 | ) |  | (1.4 | ) |  | (1.9 | ) |  | (1.4 | )
Provision for income taxes | $ | 21.6 |  |  | 20.5 | % |  | $ | 20.5 |  |  | 18.9 | % |  | $ | 53.0 |  |  | 41.5 | %
Schedule of Deferred Tax Assets (Liabilities) | Net deferred income tax assets (liabilities) were comprised of the following ($ in millions):
| December 31,
| 2015 |  | 2014
Deferred Tax Assets |  |  |
Receivable allowances | $ | 3.4 |  |  | $ | 4.4 |
Reserves and accruals | 3.9 |  |  | 4.5 |
Inventory and other assets | 1.7 |  |  | 0.6 |
Postretirement and other employee benefits | 20.6 |  |  | 19.6 |
Derivatives | 5.5 |  |  | 2.2 |
Net operating loss and tax credit carryforwards | 25.9 |  |  | 26.6 |
Investment in subsidiaries | 1.0 |  |  | — |
Other | 0.8 |  |  | — |
| $ | 62.8 |  |  | $ | 57.9 |
Less: Valuation allowance | (33.8 | ) |  | (37.2 | )
Net deferred income tax assets | $ | 29.0 |  |  | $ | 20.7 |
Deferred Tax Liabilities |  |  |
Net fixed assets and intangibles | $ | (72.7 | ) |  | $ | (81.6 | )
Other | (1.5 | ) |  | (1.3 | )
Net deferred income tax liabilities | $ | (74.2 | ) |  | $ | (82.9 | )
Total net deferred income tax liabilities | $ | (45.2 | ) |  | $ | (62.2 | )
Summary of Operating Loss Carryforwards | As of December 31, 2015 and 2014 the Company had approximately $16.7 million and $26.6 million respectively, of operating loss carryforwards available to reduce future taxable income in various jurisdictions which will expire on various dates in the next 15 years as follows:
| 2015 |  | 2014
2016-2018 | $ | 1.7 |  |  | $ | 5.5 |
2022-2033 | 0.4 |  |  | 0.7 |
2016-2034 | 9.7 |  |  | 12.2 |
Indefinite | 4.9 |  |  | 8.2 |
| 16.7 |  |  | 26.6 |
Schedule of Unrecognized Tax Benefits | The following table summarizes the activity related to the Company's unrecognized tax benefits related to income taxes ($ in millions):
| December 31,
| 2015 |  | 2014 |  | 2013
Uncertain tax position balance at beginning of year | $ | 1.8 |  |  | $ | 1.8 |  |  | $ | 1.8 |
Increases related to current year tax positions | — |  |  | — |  |  | — |
Decrease related to expiration of statute of limitations | (0.9 | ) |  | — |  |  | — |
Uncertain tax position balance at end of year | $ | 0.9 |  |  | $ | 1.8 |  |  | $ | 1.8 |

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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 tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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