Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income from continuing operations before income tax expense

Income before income taxes consists of the following:

	Year Ended December 31,
	2018		2017		2016
United States	$	35.1	$	21.4	$	15.4
Outside the United States	36.7		26.3		25.6
	$	71.8	$	47.7	$	41.0

Income taxes

Income taxes consists of the following:

	Year Ended December 31,
	2018			2017			2016
Current expense (benefit):
Federal	$	6.4		$	14.3		$	(0.8	)
State	0.6			0.7			0.2
Foreign	9.0			7.6			6.6
	16.0			22.6			6.0
Deferred expense (benefit):
Federal	1.3			(5.4		)	1.6
State	0.1			0.3			0.5
Foreign	(0.8		)	0.7			0.7
	0.6			(4.4		)	2.8
Income tax expense	$	16.6		$	18.2		$	8.8

Reconciliation of income tax expense

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

	Year Ended December 31,
	2018			2017			2016
Income tax at U.S. statutory rate	$	15.1		$	16.7		$	14.3
Effect of state income taxes, net	0.6			0.7			0.2
Effect of foreign operations	3.5			(5.2		)	(2.1		)
Valuation allowance	(3.0		)	5.3			0.5
Uncertain tax positions	(0.3		)	(2.0		)	(4.0		)
Non-deductible items	0.5			0.5			0.6
Non-deductible compensation	0.8			0.4			0.8
Manufacturer's deduction	—			(0.8		)	(0.5		)
Foreign tax credit	(2.2		)	—			—
GILTI	3.1			—			—
FDII	(0.6		)	—			—
Net impact of TCJA	0.3			4.2			—
Other, net	(1.2		)	(1.6		)	(1.0		)
Income tax as recorded	$	16.6		$	18.2		$	8.8

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,
	2018			2017
Deferred income tax assets:
Postretirement benefit obligation	$	1.8		$	2.0
Inventory	8.5			9.9
Net operating loss and credit carryforwards	11.4			16.1
Warranty reserve	0.3			0.4
Accrued litigation	0.1			0.1
Compensation	4.7			4.2
Disallowed interest	2.7			—
Other	3.7			4.8
Total deferred income tax assets	33.2			37.5
Deferred income tax liabilities:
Depreciation and amortization	17.6			9.7
Pension	12.3			16.3
Intangible assets	16.1			16.6
Other	3.2			2.8
Total deferred income tax liabilities	49.2			45.4
Net deferred income tax liabilities prior to valuation allowances	(16.0		)	(7.9		)
Valuation allowances	(5.3		)	(11.6		)
Net deferred income tax liability	$	(21.3	)	$	(19.5	)

Reconciliation of unrecognized tax benefits

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

	2018			2017			2016
Unrecognized Tax Benefit — January 1,	$	1.2		$	2.9		$	6.3
Gross Increases to Tax Positions Related to Current Year	0.1			0.1			—
Gross Increases to Tax Positions Related to Prior Years	—			0.6			0.3
Gross Decreases to Tax Positions Related to Prior Years	(0.1		)	—			—
Gross Decreases related to settlements with taxing authorities	(0.1		)	(0.4		)	—
Expiration of Statute of Limitations	(0.2		)	(1.9		)	(3.7		)
Other	—			(0.1		)	—
Unrecognized Tax Benefit — December 31,	$	0.9		$	1.2		$	2.9