INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The following table summarizes our U.S. and foreign components of income (loss) from continuing operations before income taxes (in millions):

	Year Ended December 31,
	2017		2016		2015
United States	$	47.8	$	8.6	$	(22.3	)
Foreign	23.0		17.5		10.6
Total	$	70.8	$	26.1	$	(11.7	)

Schedule of (Benefit) Provision for Income Taxes

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

	Year Ended December 31,
	2017			2016		2015
Current:
Federal	$	0.7		$	0.1	$	3.1
State	1.1			1.2		0.8
Foreign	10.7			3.8		4.1
Total current	$	12.5		$	5.1	$	8.0
Deferred:
Federal	$	(12.6	)	$	—	$	0.2
State	(3.6		)	1.1		(0.2		)
Foreign	(1.6		)	3.0		4.3
Total deferred	$	(17.8	)	$	4.1	$	4.3
TOTAL	$	(5.3	)	$	9.2	$	12.3

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,
	2017					2016					2015
Income tax at Federal statutory rate	$	24.8		35.0	%	$	9.1		35.0	%	$	(4.1	)	35.0	%
Foreign taxes at rates different from the U.S. rate	1.1			1.6	%	0.8			3.1	%	1.4			(12.0	)%
State and local income taxes, net of federal tax benefit	5.0			7.1	%	(0.7		)	(2.7	)%	(1.4		)	12.0	%
Impact of state rate changes	0.3			0.5	%	1.4			5.3	%	0.7			(6.0	)%
Changes in valuation allowances	(21.7		)	(30.7	)%	(1.2		)	(4.6	)%	15.9			(135.8	)%
Reversal of valuation allowances	(29.4		)	(41.5	)%	—			—	%	—			—	%
2017 TCJA, net deferred tax remeasurment and repatriation tax impacts	15.7			22.1	%	—			—	%	—			—	%
Non-deductible items	(0.4		)	(0.6	)%	(0.3		)	(1.2	)%	—			—	%
Other items, net	(0.7		)	(1.0	)%	0.1			0.4	%	(0.2		)	1.7	%
Income tax	$	(5.3	)	(7.5	)%	$	9.2		35.3	%	$	12.3		(105.1	)%

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2017			2016
Assets:
Accrued expenses and other liabilities	$	5.9		$	12.1
Inventory	1.1			1.5
Depreciation	1.4			0.6
Intangible & other	8.1			13.2
Net operating loss and credit carryforwards	28.6			46.5
Valuation allowances	(18.9		)	(69.7		)
Total non-current deferred tax assets	26.2			4.2
Liabilities:
Non-current:
Other	$	0.1		$	0.3
Total non-current liabilities	$	0.1		$	0.3