Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Unrecognized Tax Benefits Roll Forward

Our uncertain tax benefits, and changes thereto, during 2018, 2017, and 2016 were as follows: 

	2018			2017			2016
Balance at January 1,	$	2.3		$	1.8		$	2.3
Additions based on tax positions related to current year	1.1			0.4			0.4
Additions based on tax positions of prior years	—			0.3			—
Reductions for tax positions of prior years	(0.8		)	(0.2		)	(0.9		)
Settlements	—			—			—
Balance at December 31,	$	2.6		$	2.3		$	1.8

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the “statutory” federal income tax rate and the effective tax rate in the consolidated statements of income is as follows: 

	For the Years Ended December 31,
	2018		2017		2016
“Statutory” federal tax rate	21.0	%	35.0	%	35.0	%
State and local income taxes, net of federal benefit	3.1		4.0		3.3
Deemed repatriation of foreign earnings	(1.0	)	3.3		—
Effect of tax rate changes	(5.1	)	13.5		—
Meals and entertainment	1.4		1.4		1.6
Other, net	0.4		(0.1	)	(0.7	)
Effective tax rate	19.8	%	57.1	%	39.2	%

Schedule of Income before Income Tax, Domestic and Foreign

The components of income before taxes and the provision for income taxes recorded in the consolidated statements of income are as follows: 

	For the Years Ended December 31,
Components of Income before Taxes	2018		2017		2016
Domestic	$	163.3	$	155.2	$	143.6
Foreign	15.8		12.3		9.9
Income before taxes	$	179.1	$	167.5	$	153.5

Schedule of Components of Income Tax Expense Benefit

	For the Years Ended December 31,
Components of Income Tax Provision	2018		2017			2016
Current expense
U.S. Federal	$	20.5	$	66.5		$	33.1
State	6.9		11.4			4.8
Foreign	4.6		3.5			2.8
Total current expense	$	32.0	$	81.4		$	40.7
Deferred expense (benefit)
U.S. Federal	2.5		15.3			16.7
State	0.8		(1.1		)	3.0
Foreign	0.1		—			(0.2		)
Total deferred expense	$	3.4	$	14.2		$	19.5
Total income tax provision	$	35.4	$	95.6		$	60.2

Schedule of Deferred Tax Assets and Liabilities

The following deferred tax assets (liabilities) were recorded at December 31: 

Assets (Liabilities)	2018			2017
Pension	$	31.0		$	38.0
Postretirement benefits	18.6			19.8
Inventory	12.1			12.1
Other deferred tax assets	5.0			4.8
Payroll accruals	2.9			1.8
Bad debt reserves	1.0			1.0
Subtotal	70.6			77.5
Less: valuation allowances	—			—
Deferred tax assets	70.6			77.5
Fixed assets	(28.3		)	(27.2		)
Other deferred tax liabilities	(4.0		)	(2.6		)
Computer software	(3.2		)	(3.2		)
Deferred tax liabilities	(35.5		)	(33.0		)
Net deferred tax assets	$	35.1		$	44.5

Deferred income taxes included in non-current assets (liabilities) at December 31 were: 

	2018			2017
Deferred tax assets included in other non-current assets	$	35.5		$	44.9
Deferred tax liabilities included in other non-current liabilities	(0.4		)	(0.4		)

Summary of Operating Loss Carryforwards

Operating loss and tax credit carryforwards included in net deferred tax assets at December 31 were:

	2018		2017
Foreign(1)	$	0.1	$	0.2
State(2)	0.4		0.5

⁽¹⁾Indefinite life

⁽²⁾Expires between 2023 and 2030