Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income from continuing operations before income tax expense

Income before income taxes consists of the following:

	Year Ended December 31,
	2019		2018		2017
United States	$	26.2	$	35.1	$	21.4
Outside the United States	28.7		36.7		26.3
	$	54.9	$	71.8	$	47.7

Income taxes

Income taxes consists of the following:

	Year Ended December 31,
	2019			2018			2017
Current expense:
Federal	$	5.9		$	6.4		$	14.3
State	0.7			0.6			0.7
Foreign	7.2			9.0			7.6
	13.8			16.0			22.6
Deferred expense (benefit):
Federal	1.8			1.3			(5.4		)
State	(0.2		)	0.1			0.3
Foreign	(0.2		)	(0.8		)	0.7
	1.4			0.6			(4.4		)
Income tax expense	$	15.2		$	16.6		$	18.2

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,
	2019			2018			2017
Income tax at U.S. statutory rate	$	11.5		$	15.1		$	16.7
Effect of state income taxes, net	0.3			0.6			0.7
Effect of foreign operations	1.9			3.5			(5.2		)
Valuation allowance	0.6			(3.0		)	5.3
Uncertain tax positions	0.1			(0.3		)	(2.0		)
Non-deductible items	0.3			0.5			0.5
Non-deductible compensation	2.2			0.8			0.4
Manufacturer's deduction	—			—			(0.8		)
Foreign tax credit	(1.7		)	(2.2		)	—
Other tax credits	(0.8		)	—			—
GILTI	1.9			3.1			—
FDII	(0.8		)	(0.6		)	—
Net impact of TCJA	—			0.3			4.2
Other, net	(0.3		)	(1.2		)	(1.6		)
Income tax as recorded	$	15.2		$	16.6		$	18.2

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,
	2019			2018
Deferred income tax assets:
Postretirement benefit obligation	$	1.7		$	1.8
Inventory	8.7			8.5
Net operating loss and credit carryforwards	11.6			11.4
Operating lease liabilities	13.8			—
Accrued litigation	—			0.1
Compensation	2.9			4.7
Disallowed interest	4.6			2.7
Other	4.8			4.0
Total deferred income tax assets	48.1			33.2
Deferred income tax liabilities:
Depreciation and amortization	21.0			17.6
Pension	13.9			12.3
Intangible assets	16.8			16.1
Right-of-use assets	13.5			—
Other	3.0			3.2
Total deferred income tax liabilities	68.2			49.2
Net deferred income tax liabilities prior to valuation allowances	(20.1		)	(16.0		)
Valuation allowances	(4.8		)	(5.3		)
Net deferred income tax liability	$	(24.9	)	$	(21.3	)

Reconciliation of unrecognized tax benefits

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

	2019			2018			2017
Unrecognized Tax Benefit — January 1,	$	0.9		$	1.2		$	2.9
Gross Increases to Tax Positions Related to Current Year	0.5			0.1			0.1
Gross Increases to Tax Positions Related to Prior Years	2.6			—			0.6
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	(0.3		)	(0.2		)	(1.9		)
Other	—			—			(0.1		)
Unrecognized Tax Benefit — December 31,	$	3.7		$	0.9		$	1.2