Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of significant components of the Company's deferred income tax liabilities and assets

	December 31,
	2013			2012
	(in millions)
Deferred income tax liabilities:
Excess tax over book depreciation	$	22.4		$	23.7
Intangibles		29.1			30.5
Other		18.3			15.7
Total deferred tax liabilities		69.8			69.9
Deferred income tax assets:
Accrued expenses		21.3			16.7
Net operating loss carry-forward		10.9			5.4
Inventory reserves		12.3			8.6
Pension—accumulated other comprehensive income		16.3			15.8
Other		9.8			14.9
Total deferred tax assets		70.6			61.4
Less: valuation allowance		(13.1	)		(10.1	)
Net deferred tax assets		57.5			51.3
Net deferred tax liabilities	$	(12.3	)	$	(18.6	)

Schedule of pre-tax income upon which provision for income taxes from continuing operations is based

	Years Ended December 31,
	2013		2012		2011
	(in millions)
Domestic	$	21.6	$	27.3	$	39.6
Foreign		66.2		72.9		68.3
	$	87.8	$	100.2	$	107.9

Schedule of provision for income taxes from continuing operations

	Years Ended December 31,
	2013			2012			2011
	(in millions)
Current tax expense:
Federal	$	12.8		$	5.0		$	6.9
Foreign		19.7			21.5			18.3
State		2.5			1.3			1.8
		35.0			27.8			27.0
Deferred tax expense (benefit):
Federal		(5.0	)		4.4			5.5
Foreign		(2.3	)		(3.5	)		(3.0	)
State		(0.8	)		1.1			1.2
		(8.1	)		2.0			3.7
	$	26.9		$	29.8		$	30.7

Reconciliation of federal statutory taxes to actual income taxes reported from continuing operations

	Years Ended December 31,
	2013			2012			2011
	(in millions)
Computed expected federal income expense	$	30.8		$	35.0		$	37.8
State income taxes, net of federal tax benefit		1.0			1.5			1.9
Foreign tax rate differential		(5.7	)		(7.4	)		(4.4	)
China tax clawback		—			—			(4.2	)
Other, net		0.8			0.7			(0.4	)
	$	26.9		$	29.8		$	30.7