Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income from continuing operations before income tax expense

Income before income taxes consists of the following:

	Year Ended December 31,
	2017		2016		2015
	(In millions)
United States	$	21.4	$	15.4	$	44.0
Outside the United States	26.3		25.6		26.0
	$	47.7	$	41.0	$	70.0

Income taxes

Income taxes consists of the following:

	Year Ended December 31,
	2017			2016			2015
	(In millions)
Current expense (benefit):
Federal	$	14.3		$	(0.8	)	$	11.7
State	0.7			0.2			0.7
Foreign	7.6			6.6			6.0
	22.6			6.0			18.4
Deferred expense (benefit):
Federal	(5.4		)	1.6			2.7
State	0.3			0.5			0.6
Foreign	0.7			0.7			(0.4		)
	(4.4		)	2.8			2.9
Income tax expense	$	18.2		$	8.8		$	21.3

Reconciliation of income tax expense

A reconciliation of income tax expense computed by applying the statutory federal income tax rate to income before income taxes as recorded is as follows:

	Year Ended December 31,
	2017			2016			2015
	(In millions)
Tax at U.S. statutory rate	$	16.7		$	14.3		$	24.5
Effect of state income taxes, net	0.7			0.2			0.6
Effect of foreign operations	(5.2		)	(2.1		)	(1.6		)
Valuation allowance	5.3			0.5			(0.7		)
Uncertain tax positions	(2.0		)	(4.0		)	0.1
Non-deductible items	0.5			0.6			0.5
Non-deductible compensation	0.4			0.8			1.2
Manufacturer's deduction	(0.8		)	(0.5		)	(1.1		)
Net impact of U.S. Tax Act	4.2			—			—
Other, net	(1.6		)	(1.0		)	(2.2		)
Total	$	18.2		$	8.8		$	21.3

Significant components of the Company's net deferred tax assets and liabilities

Significant components of the Company’s net deferred income tax assets and liabilities are as follows:

	Year Ended December 31,
	2017			2016
	(In millions)
Deferred income tax assets:
Postretirement benefit obligation	$	2.0		$	3.6
Inventory	9.9			13.7
Net operating loss and credit carryforwards	16.1			10.8
Warranty reserve	0.4			2.1
Accrued litigation	0.1			2.8
Compensation	4.2			4.1
Other	4.8			10.0
Total deferred income tax assets	37.5			47.1
Deferred income tax liabilities:
Depreciation and amortization	9.7			14.9
Pension	16.3			22.1
Intangible assets	16.6			23.3
Other	2.8			5.2
Total deferred income tax liabilities	45.4			65.5
Net deferred income tax liabilities prior to valuation allowances	(7.9		)	(18.4		)
Valuation allowances	(11.6		)	(5.3		)
Net deferred income tax liability	$	(19.5	)	$	(23.7	)

Reconciliation of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2017			2016			2015
	(In millions)
Unrecognized Tax Benefit — January 1,	$	2.9		$	6.3		$	6.5
Gross Increases to Tax Positions Related to Current Year	0.1			—			—
Gross Increases to Tax Positions Related to Prior Years	0.6			0.3			0.3
Gross Decreases to Tax Positions Related to Prior Years	—			—			(0.1		)
Gross Decreases related to settlements with taxing authorities	(0.4		)	—			—
Expiration of Statute of Limitations	(1.9		)	(3.7		)	(0.4		)
Other	(0.1		)	—			—
Unrecognized Tax Benefit — December 31,	$	1.2		$	2.9		$	6.3