Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Loss from Continuing Operations before Income Taxes

The components of loss from continuing operations before income taxes were as follows:



	Years Ended December 31,
	2016			2015
	(In millions)
U.S.	$	(34.9	)	$	(127.8	)
International	(4.8		)	(15.0		)
Total	$	(39.7	)	$	(142.8	)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax (provision) benefit from continuing operations were as follows:



	Years Ended December 31,
	2016			2015
	(In millions)
Current
International	(0.1		)	(0.1		)
Deferred
International	—			0.2
Total	$	(0.1	)	$	0.1

Schedule of Income Tax Rate Reconciliation

The income tax provision from continuing operations differs from the amount computed by applying the statutory United States income tax rate (35 percent) because of the following items:



	Years Ended December 31,
	2016			2015
	(In millions)
Tax at statutory U.S. tax rate	$	13.9		$	50.0
State income taxes, net of federal benefit	0.7			4.2
Net effect of international operations	(0.8		)	(2.5		)
Valuation allowances	(14.3		)	(40.8		)
Tax on unremitted earnings of foreign subsidiaries	3.1			—
U.S. tax on foreign earnings	(0.8		)	—
Stock-based compensation	(1.6		)	—
Uncertain tax positions	(0.1		)	—
Goodwill impairment	—			(10.8		)
Capital losses	—			—
Other	(0.2		)	—
Income tax (provision) benefit	$	(0.1	)	$	0.1

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets and liabilities were as follows:



	As of December 31,
	2016			2015
	(In millions)
Accounts receivable allowances	$	0.4		$	2.1
Inventories	3.7			4.0
Compensation and employee benefits	3.9			5.6
Tax credit carryforwards	28.4			30.0
Net operating loss carryforwards	278.6			205.7
Accrued liabilities and other reserves	6.1			3.9
Pension	8.6			7.7
Property, plant and equipment	0.5			9.7
Intangible assets, net	—			49.2
Capital losses	14.1			14.1
Other, net	1.3			1.5
Total deferred tax assets	345.6			333.5
Valuation allowance	(340.5		)	(325.3		)
Net deferred tax assets	5.1			8.2
Intangible assets, net	(1.2		)	—
Unremitted earnings of foreign subsidiaries	(6.1		)	(9.4		)
Total deferred tax liabilities	(7.3		)	(9.4		)
Valuation allowance	1.2			—
Total deferred tax liabilities	(6.1		)	(9.4		)
Net deferred tax liabilities	$	(1.0	)	$	(1.2	)

Components of Deferred Tax Balances

The table below shows the components of our deferred tax balances as they are recorded on our Consolidated Balance Sheets:



	As of December 31
	2016			2015
	(In millions)
Deferred tax asset - current	—			—
Deferred tax asset - non-current	—			—
Deferred tax liability - current	—			—
Deferred tax liability - non-current	(1.0		)	(1.2		)
Total	$	(1.0	)	$	(1.2	)

Schedule of Unrecognized Tax Benefits Reconciliation

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



	2016			2015
	(In Millions)
Beginning Balance	$	1.7		$	2.1
Additions:
Additions for tax positions of current years	—			0.3
Additions for tax positions of prior years	—			—
Reductions:
Reductions for tax positions of prior years	—			—
Settlements with taxing authorities	—			—
Reductions due to lapse of statute of limitations	(0.4		)	(0.7		)
Total	1.3			1.7