Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table is a summary of the components of income (loss) before income taxes for the years ended December 31:

(Amounts in millions)	2020		2019		2018
U.S.	$	(0.3)	$	(76.5)	$	(49.6)
Foreign	6.4		12.2		38.7
Income (loss) before income taxes	$	6.1	$	(64.3)	$	(10.9)

Schedule of Components of Income Tax Expense (Benefit)

Foreign income consists of income from the Company's international subsidiaries. Most of the Company's wholly-owned subsidiaries recognize revenue based solely on services agreements with the primary U.S. operating subsidiary. The following table is a summary of the income tax expense (benefit) for the years ended December 31:

(Amounts in millions)	2020		2019		2018
Current:
Federal	$	(1.4)	$	(0.2)	$	5.9
State	2.1		1.5		1.7
Foreign	4.2		8.2		(4.0)
Current income tax expense	4.9		9.5		3.6
Deferred:
Federal	7.1		(10.4)		6.5
State	1.9		(1.9)		1.0
Foreign	0.1		(1.2)		2.0
Deferred income tax expense (benefit)	9.1		(13.5)		9.5
Income tax expense (benefit)	$	14.0	$	(4.0)	$	13.1

Schedule of Effective Income Tax Rate Reconciliation

The following table is a reconciliation of the expected federal income tax expense (benefit) at statutory rates to the actual income tax expense (benefit) for the years ended in December 31: 

(Amounts in millions)	2020		2019		2018
Income tax expense (benefit) at statutory federal income tax rate	$	1.3	$	(13.5)	$	(2.3)
Tax effect of:
State income tax, net of federal income tax effect	(0.4)		(1.3)		0.2
Valuation allowances	12.0		2.2		0.7
International taxes	1.5		3.4		(0.8)
Deferred prosecution agreement permanent difference	—		—		8.4
Other net permanent differences	1.8		1.7		0.9
U.S. general business credits	(3.6)		(2.4)		—
Change in unrecognized tax benefits	2.4		1.2		(0.4)
Stock-based compensation	0.7		3.8		(0.6)
Impact from the TCJA	—		1.1		(1.3)
BEAT	(0.6)		—		5.6
U.S. taxation of foreign earnings	(1.1)		0.5		7.0
Reorganization	—		—		(3.6)
Other	—		(0.7)		(0.7)
Income tax expense (benefit)	$	14.0	$	(4.0)	$	13.1

Schedule of Deferred Tax Assets and Liabilities

The following table is a summary of the Company's deferred tax assets and liabilities as of December 31: 

(Amounts in millions)	2020		2019
Deferred tax assets:
Basis difference in revalued investments	$	54.0	$	55.3
Tax loss carryovers	24.4		25.7
Tax credit carryovers	15.6		12.9
Postretirement benefits and other employee benefits	8.4		7.9
Bad debt and other reserves	2.2		1.1
Lease liabilities	12.0		11.5
Depreciation & amortization	11.6		12.1
Interest expense carryovers	1.3		2.4
Other	7.5		7.9
Valuation allowances	(81.2)		(71.2)
Total deferred tax assets	55.8		65.6
Deferred tax liability:
Depreciation and amortization and other	(66.0)		(67.8)
Lease right-of-use assets	(11.0)		(10.6)
Total deferred tax liability	(77.0)		(78.4)
Net deferred tax liability	$	(21.2)	$	(12.8)

Summary of Operating Loss Carryforwards and Tax Credit Carryforwards Expirations

The following table is a summary of the amounts and expiration dates of tax loss carry-forwards (not tax effected) and credit carry-forwards as of December 31, 2020: 

(Amounts in millions)	Expiration Date	Amount
U.S. capital loss carry-forwards	2021 - 2025	$	34.5
U.S. net operating loss carry-forwards	2025 - Indefinite	$	37.8
U.S. tax credit carry-forwards	2024- 2040	$	15.6

Schedule of Unrecognized Tax Benefit Roll Forward

The following table is a reconciliation of unrecognized tax benefits for the years ended December 31:

(Amounts in millions)	2020		2019		2018
Beginning balance	$	18.2	$	17.9	$	28.7
Additions based on tax positions related to prior years	0.9		0.9		0.7
Additions based on tax positions related to current year	0.6		—		0.8
Settlements with cash or attributes	—		(0.1)		—
Reductions for tax positions of prior years and other	—		(0.5)		(12.3)
Ending balance	$	19.7	$	18.2	$	17.9