INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES [Abstract]

Components of Income (Loss) before Income Taxes

The components of income (loss) from continuing operations before income taxes are as follows (in millions):

	Year Ended December 31,
	2016			2015			2014
United States	$	15.9		$	(14.5	)	$	1.9
Foreign		(13.8	)		(20.3	)		(22.0	)
Total	$	2.1		$	(34.8	)	$	(20.1	)

Schedule of (Benefit) Provision for Income Taxes

The (benefit) provision for income taxes from continuing operations consists of the following (in millions):

	Year Ended December 31,
	2016		2015		2014
Current:
Federal	$	-	$	3.1	$	7.6
State		1.2		0.6		0.4
Foreign		4.4		4.3		3.2
Total current		5.6		8.0		11.2
Deferred:
Federal		0.1		0.1		-
State		1.1		-		(0.3	)
Foreign		3.2		5.4		1.0
Total deferred		4.4		5.5		0.7
TOTAL	$	10.0	$	13.5	$	11.9

Reconciliation of Difference between Income Tax Expense and Computed Income Tax Expense Based on Federal Statutory Corporate Rate

A reconciliation of the difference between the income tax expense and the computed income tax expense based on the Federal statutory corporate rate is as follows (in millions):

	Year Ended December 31,
	2016					2015					2014
Income tax at Federal statutory rate	$	0.7		(35.0	)%	$	(12.2	)	(35.0	)%	$	(7.1	)	(35.0	)%
Foreign taxes at rates different from the U.S. rate		5.2		(247.6	)		7.7		22.2			5.2		25.9
State and local income taxes, net of federal tax benefit		(0.6	)	28.6			(1.4	)	(3.9	)		1.6		8.2
Impact of state rate changes		1.4		(66.7	)		0.7		1.9			-		-
Changes in valuation allowances		2.8		(133.3	)		18.8		54.2			12.4		61.5
Change in deferred tax liability		-		-			-		-			-		-
Non-deductible items		0.4		(19.0	)		0.1		0.2			-		-
Other items, net		0.1		(4.8	)		(0.2	)	(0.8	)		(0.2	)	(1.1	)
Income tax	$	10.0		(477.8	)%	$	13.5		38.8	%	$	11.9		59.5	%

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities are comprised of the following (in millions):

	December 31,
	2016			2015
Assets:
Accrued expenses and other liabilities	$	12.2		$	12.4
Inventory		1.5			5.6
Depreciation		0.6			0.8
Intangible & other		13.5			13.0
Net operating loss and credit carryforwards		66.4			57.4
Valuation allowances		(89.7	)		(80.6	)
Total non-current deferred tax assets		4.5			8.6
Liabilities :
Non-current:
Other	$	0.5		$	0.4
Total non-current liabilities	$	0.5		$	0.4