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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

For financial reporting purposes, income before income taxes includes the following components ($ in millions):

	For the Years Ended December 31,
	2016				2015				2014
United States	$	27.7			$	41.6			$	31.0
Foreign	65.7				63.9				77.2
Total	$	93.4			$	105.5			$	108.2

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,
	2016				2015				2014
Current income taxes:
U.S. federal	$	14.3			$	13.0			$	6.6
U.S. state	0.1				1.1				0.6
Foreign	17.2				14.2				10.0
	31.6				28.3				17.2
Deferred income taxes:
U.S. federal	(2.7		)		(5.8		)		3.0
U.S. state	(4.0		)		0.1				(0.8		)
Foreign	(9.5		)		(1.0		)		1.1
	(16.2		)		(6.7		)		3.3
Total	$	15.4			$	21.6			$	20.5

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,
	2016							2015							2014
	Amount				Percent			Amount				Percent			Amount				Percent
Tax provision at U.S. statutory rate	$	32.6			35.0	%		$	36.9			35.0	%		$	37.9			35.0	%
Foreign income tax rate differential	(9.0		)		(9.6	)		(16.2		)		(15.4	)		(15.4		)		(14.2	)
State income tax, net of federal benefit	(2.5		)		(2.7	)		1.1				1.1			(0.1		)		(0.1	)
Domestic production deduction	(0.9		)		(1.0	)		(1.5		)		(1.4	)		(1.0		)		(0.9	)
Remeasurement of deferred taxes for tax law change	(7.0		)		(7.5	)		—				—			—				—
Adjustments to valuation allowances	3.5				3.7			1.4				1.3			0.4				0.4
Other, net	(1.3		)		(1.4	)		(0.1		)		(0.1	)		(1.3		)		(1.3	)
Provision for income taxes	$	15.4			16.5	%		$	21.6			20.5	%		$	20.5			18.9	%

Schedule of Deferred Tax Assets (Liabilities)

Net deferred income tax assets (liabilities) were comprised of the following ($ in millions):

	December 31,
	2016				2015
Deferred Tax Assets
Receivable allowances	$	0.2			$	3.4
Reserves and accruals	3.9				3.9
Inventory and other assets	2.3				1.7
Postretirement and other employee benefits	20.0				20.6
Derivatives	—				5.5
Net operating loss and tax credit carryforwards	104.8				25.9
Investment in subsidiaries	—				1.0
Intangibles	76.6				—
Other	0.1				0.8
	207.9				62.8
Less: Valuation allowance	(194.8		)		(33.8		)
Net deferred income tax assets	$	13.1			$	29.0
Deferred Tax Liabilities
Net fixed assets	$	(34.4	)		$	(72.7	)
Investment in subsidiaries	(4.1		)		—
Other	(0.7		)		(1.5		)
Net deferred income tax liabilities	$	(39.2	)		$	(74.2	)
Total net deferred income tax liabilities	$	(26.1	)		$	(45.2	)

Summary of Operating Loss Carryforwards

As of December 31, 2016 the Company had approximately $95.1 million of tax effected operating loss carryforwards available to reduce future taxable income in various jurisdictions which will expire on various dates as follows:

	2016
2017-2018	$	4.1
2023-2034	0.1
2017-2034	9.3
Indefinite	81.6
	95.1

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,
	2016				2015				2014
Uncertain tax position balance at beginning of year	$	0.9			$	1.8			$	1.8
Increases related to current year tax positions	2.0				—				—
Decrease related to expiration of statute of limitations	(0.5		)		(0.9		)		—
Uncertain tax position balance at end of year	$	2.4			$	0.9			$	1.8

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