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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of difference between the effective income tax rate and the U.S. federal statutory income tax rate
The following table presents the principal reasons for the difference between the Company's effective income tax rate and the U.S. federal statutory income tax rate:

 
 
Year Ended December 31,
 
 
2016
 
2016
 
2015
 
2015
 
2014
 
2014
U.S. federal statutory income tax rate
 
35.0
 %
 
$
36.1

 
35.0
 %
 
$
31.5

 
35.0
 %
 
$
26.4

U.S. state income taxes, net of federal income tax benefit
 
1.9
 %
 
2.0

 
2.1
 %
 
1.9

 
2.1
 %
 
1.6

Tax on foreign dividends
 
4.5
 %
 
4.6

 
3.6
 %
 
3.2

 
3.0
 %
 
2.3

Foreign tax rate differences (a)
 
(2.7
)%
 
(2.8
)
 
(2.2
)%
 
(2.0
)
 
(2.8
)%
 
(2.1
)
Foreign financing structure (b)
 
(1.6
)%
 
(1.7
)
 
(1.3
)%
 
(1.2
)
 
(2.5
)%
 
(1.9
)
Excess tax benefits from stock compensation (c)
 
(3.0
)%
 
(3.1
)
 
—

 
—

 
—

 
—

Research and development and other tax credits (d)
 
(2.8
)%
 
(2.9
)
 
(3.9
)%
 
(3.5
)
 
(31.9
)%
 
(24.1
)
Domestic production activities deduction
 
(1.5
)%
 
(1.5
)
 
(2.2
)%
 
(2.0
)
 
—
 %
 
—

Uncertain income tax positions
 
(0.4
)%
 
(0.4
)
 
1.3
 %
 
1.2

 
6.5
 %
 
4.9

Other differences — net
 
(0.7
)%
 
(0.7
)
 
0.3
 %
 
0.3

 
0.5
 %
 
0.4

Effective income tax rate
 
28.7
 %
 
$
29.6

 
32.7
 %
 
$
29.4

 
9.9
 %
 
$
7.5

_______________________

(a)
Represents the impact on the Company's effective tax rate due to changes in the mix of earnings among taxing jurisdictions with differing statutory rates.
(b)
Represents the impact on the Company's effective tax rate of the Company's financing strategies.
(c)
In 2016, the Company adopted ASU 2016-09, Compensation — Stock Compensation (Topic 718). See Note 2, "Summary of Significant Accounting Policies — Recently Adopted Accounting Standards."
(d)
For 2015, the Company recognized a $1.4 million benefit related to research and development ("R&D") tax credits of FiberMark for the period 2012 through July 2015. For 2014, following an extensive study of the Company's R&D activities for the years 2005 through 2013 and a change in methodology, the Company recognized a $21.9 million net benefit related to R&D tax credits.
Schedule of the U.S. and foreign components of income from continuing operations before income taxes
The following table presents the U.S. and foreign components of income from continuing operations before income taxes:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Income from continuing operations before income taxes:
 
 

 
 

 
 

U.S. 
 
$
68.3

 
$
62.2

 
$
46.5

Foreign
 
34.7

 
27.7

 
29.0

Total
 
$
103.0

 
$
89.9

 
$
75.5
Schedule of components of the provision (benefit) for income taxes
The following table presents the components of the provision (benefit) for income taxes:

 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Provision (benefit) for income taxes:
 
 

 
 

 
 

Current:
 
 

 
 

 
 

Federal
 
$
7.1

 
$
12.7

 
$
0.5

State
 
(0.5
)
 
1.3

 
—

Foreign
 
5.9

 
5.1

 
3.4

Total current tax provision
 
12.5

 
19.1

 
3.9

Deferred:
 
 

 
 

 
 

Federal
 
14.8

 
7.7

 
6.9

State
 
1.8

 
2.3

 
(5.9
)
Foreign
 
0.5

 
0.3

 
2.6

Total deferred tax provision
 
17.1

 
10.3

 
3.6

Total provision for income taxes
 
$
29.6

 
$
29.4

 
$
7.5
Schedule of components of deferred tax assets and liabilities
The components of deferred tax assets and liabilities, net of reserves for uncertain tax positions and valuation allowances, are as follows:
 
 
December 31,
 
 
2016
 
2015
Net deferred income tax assets
 
 

 
 

Employee benefits
 
$
26.0

 
$
27.8

Research and development tax credits
 
15.0

 
20.9

Net operating losses and credits
 
10.5

 
10.7

Accrued liabilities
 
3.2

 
2.9

Inventories
 
(0.5
)
 
1.3

Accelerated depreciation
 
(34.0
)
 
(34.8
)
Intangibles
 
(10.8
)
 
(10.2
)
Undistributed foreign earnings
 
(4.4
)
 
—

Other
 
1.1

 
1.4

Net deferred income tax assets
 
$
6.1

 
$
20.0

Net deferred income tax liabilities
 
 

 
 

Accelerated depreciation
 
$
12.3

 
$
12.8

Intangibles
 
2.8

 
3.5

Employee benefits
 
(5.0
)
 
(3.9
)
Interest limitation
 
0.3

 
(0.5
)
Net operating losses
 
(0.3
)
 
(0.1
)
Net deferred income tax liabilities
 
$
10.1

 
$
11.8
Schedule of reconciliation of the total amounts of uncertain tax positions
The following is a tabular reconciliation of the total amounts of uncertain tax positions as of and for the years ended December 31, 2016, 2015 and 2014:
 
 
For the Years Ended
December 31,
 
 
2016
 
2015
 
2014
Balance at January 1,
 
$
12.9

 
$
7.0

 
$
4.3

Increases in prior period tax positions
 
—

 
0.5

 
—

Decreases in prior period tax positions
 
(2.6
)
 
—

 
(2.2
)
Increases in current period tax positions
 
0.6

 
5.5

 
5.3

Decreases due to lapse of statute of limitations
 
(0.3
)
 
—

 
—

Decreases due to settlements with tax authorities
 
—

 
—

 
(0.2
)
Decreases from foreign exchange rate changes
 
(0.3
)
 
(0.1
)
 
(0.2
)
Balance at December 31,
 
$
10.3


$
12.9


$
7.0