Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (loss) before income taxes

(Loss) income from continuing operations before income taxes consists of the following:

	Year Ended December 31,
	2024		2023		2022
United States	$	(5.9)	$	0.2	$	(21.3)
Outside the United States	50.3		41.3		32.0
	$	44.4	$	41.5	$	10.7

Components of income taxes

Income tax expense (benefit) consists of the following:

	Year Ended December 31,
	2024		2023		2022
Current expense (benefit):
Federal	$	2.8	$	1.7	$	(1.6)
State	1.1		0.1		(0.2)
Foreign	15.6		13.9		9.4
	19.5		15.7		7.6
Deferred (benefit) expense:
Federal	(11.9)		(7.1)		(8.0)
State	(1.8)		(1.2)		0.8
Foreign	(0.9)		1.1		(1.1)
	(14.6)		(7.2)		(8.3)
Income tax expense (benefit)	$	4.9	$	8.5	$	(0.7)

Reconciliation of income tax (benefit) expense

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

	Year Ended December 31,
	2024		2023		2022
Income tax expense at U.S. statutory rate	$	9.3	$	8.7	$	2.3
Effect of state income taxes, net	(0.9)		(1.1)		0.3
Effect of foreign operations	5.7		4.4		3.0
Valuation allowance	(2.3)		(1.3)		0.8
Uncertain tax positions	0.7		0.3		0.4
Non-deductible items	1.2		2.3		(0.2)
Equity compensation	0.8		1.4		1.4
Foreign tax credit	(4.7)		(4.3)		(4.1)
Other tax credits	(7.0)		(3.3)		(5.6)
GILTI	1.5		2.4		1.8
FDII	(0.5)		(0.8)		(0.2)
Other, net	1.1		(0.2)		(0.6)
Income tax expense (benefit) as recorded	$	4.9	$	8.5	$	(0.7)

Schedule of Unrecognized Tax Benefits Roll Forward

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

	Year Ended December 31,
	2024		2023
Deferred income tax assets:
Postretirement benefit obligation	$	0.2	$	0.3
Inventory	12.5		13.0
Net operating loss and credit carryforwards	17.9		18.9
Operating lease liabilities	10.1		11.3
Compensation	3.3		3.7
Capitalized research and development expenditures	29.6		13.1
Disallowed interest	7.6		11.5
Other	5.8		4.1
Total deferred income tax assets	87.0		75.9
Deferred income tax liabilities:
Depreciation	14.7		15.7
Pension	19.0		17.0
Intangible assets	16.8		16.0
Lease right-of-use assets	10.1		11.3
Other	5.5		4.8
Total deferred income tax liabilities	66.1		64.8
Net deferred income tax assets prior to valuation allowances	20.9		11.1
Valuation allowances	(4.9)		(7.3)
Net deferred income tax asset (liability)	$	16.0	$	3.8

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

	2024		2023		2022
Unrecognized Tax Benefit — January 1	$	0.5	$	0.8	$	1.0
Gross Increases to Tax Positions Related to Prior Years	0.8		—		0.3
Gross Decreases related to settlements with taxing authorities	—		—		—
Expiration of Statute of Limitations	(0.1)		(0.3)		(0.5)
Unrecognized Tax Benefit — December 31	$	1.2	$	0.5	$	0.8