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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule Of Loss From Continuing Operations Before Income Taxes

The following table reflects loss from continuing operations before income taxes by domestic and foreign tax jurisdictions for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(In millions)	2016			2015			2014
U.S.	$	(103.4	)	$	(43.8	)	$	(8.5	)
Foreign		(0.4	)		3.0			—
Loss from continuing operations before income taxes	$	(103.8	)	$	(40.8	)	$	(8.5	)

Summary of Income Tax Expense

The following table summarizes income tax benefit, within continuing operations, for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(In millions)	2016			2015			2014
Current income tax expense (benefit):
Federal	$	(1.5	)	$	(13.9	)	$	(3.1	)
State		0.2			0.4			(0.7	)
Foreign		3.2			6.5			—
Total current income tax expense (benefit)		1.9			(7.0	)		(3.8	)
Deferred income tax expense (benefit):
Federal		(1.6	)		1.3			(4.6	)
State		0.2			(0.1	)		—
Foreign		(1.1	)		(3.3	)		—
Total deferred income tax benefit		(2.5	)		(2.1	)		(4.6	)
Total income tax benefit	$	(0.6	)	$	(9.1	)	$	(8.4	)

Reconciliation of Effective Federal Tax Rates with Statutory Federal Income Tax Rate

The following table provides a reconciliation of the effective tax rates in the consolidated statements of operations from continuing operations for the years ended December 31, 2016, 2015 and 2014 with the statutory U.S. federal income tax rate of 34.0%:

	Year Ended December 31,
	2016			2015			2014
U.S. federal statutory rate		34.0	%		34.0	%		34.0	%
State income taxes		(0.3	)%		(0.6	)%		4.9	%
Foreign income taxes		(0.4	)%		(0.4	)%		0.0	%
Deferred tax valuation allowance		(24.6	)%		(26.5	)%		(131.3	)%
Fair value adjustments		0.0	%		(1.2	)%		14.7	%
Revisions to prior years		(0.1	)%		19.1	%		171.4	%
Goodwill impairment		(9.5	)%		0.0	%		0.0	%
Other permanent items		1.4	%		(2.1	)%		(0.1	)%
Other		0.0	%		0.0	%		4.7	%
Effective tax rate		0.5	%		22.3	%		98.3	%

Summary of Unrecognized Tax Benefits

The following table provides a summary of the activity in the amount of unrecognized tax benefits for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(In millions)	2016			2015		2014
Balance, beginning of period	$	0.3		$	—	$	0.3
Additions		0.1			0.3		0.3
Settlements		(0.3	)		—		(0.6	)
Balance, end of period	$	0.1		$	0.3	$	—

Components of Deferred Tax Assets and Deferred Tax Liabilities

The components of the Company’s deferred tax assets, liabilities and valuation allowances as of December 31, 2016 and 2015 are summarized in the following table:

	December 31,
(In millions)	2016			2015
Deferred tax assets:
Net operating loss carryforwards	$	383.0		$	366.9
Alternative minimum tax credits		10.2			11.8
Repurchase reserve		—			0.2
Inventories		1.2			0.4
Compensation		3.4			1.1
Pension benefits		6.9			5.7
Intangible assets		13.1			—
Other		1.7			2.1
Total deferred tax assets		419.5			388.2
Deferred tax valuation allowance		(406.0	)		(382.4	)
Deferred tax assets, net of valuation allowance		13.5			5.8
Deferred tax liabilities:
Property, plant and equipment		(11.5	)		(11.4	)
Intangible assets		(3.0	)		(1.1	)
Other		(1.5	)		—
Total deferred tax liabilities		(16.0	)		(12.5	)
Net deferred tax liabilities	$	(2.5	)	$	(6.7	)

Summary of Deferred Tax Valuation Allowance

The following table provides information about the activity of our deferred tax valuation allowance for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
(In millions)	2016		2015			2014
Balance, beginning of period	$	382.4	$	385.6		$	375.0
Additions (reductions) recorded in the provision for income taxes		23.6		(5.8	)		10.6
Business acquired		—		2.6			—
Balance, end of period	$	406.0	$	382.4		$	385.6