INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Details of Provision for Income Taxes

The provision for income taxes, relating to continuing operations, is composed of the following (in millions):

	2013		2012			2011
Current:
U.S. Federal benefit	$	—	$	(0.1	)	$	(0.1	)
State and local tax (benefit)		0.1		0.1			(0.2	)
Total current		0.1		—			(0.3	)
Deferred:
U.S. Federal tax (benefit)		—		—			—
State and local tax		—		—			—
Total deferred		—		—			—
Total income benefit	$	0.1	$	—		$	(0.3	)

Details of Reconciliation of Income Taxes

A reconciliation of income taxes based on the application of the statutory federal income tax rate to income taxes as set forth in the consolidated statements of operations follows:

	2013			2012			2011
Federal statutory rate		35.0	%		35.0	%		35.0	%
Increase (decrease) in taxes resulting from:
State and local taxes		2.0			2.0			2.0
Contingency accrual adjustment		(1.2	)		—			2.6
Change in valuation allowance		(42.8	)		96.6			(35.5	)
Nondeductible items		5.9			(121.2	)		(1.5	)
Other, net		3.8			(12.4	)		(0.3	)
Effective income tax rate		2.7	%		—	%		2.3	%

Deferred Income Taxes

Deferred income taxes at December 31, 2013 and 2012 are comprised of the following (in millions):

	2013					2012
	Assets			Liabilities		Assets			Liabilities
Property, plant and equipment	$	1.3		$	—	$	1.0		$	—
Goodwill		1.0			—		1.2			—
Employee benefits related		2.0			—		2.3			—
Inventories		0.6			—		0.9			—
LIFO					8.2		—			7.4
Insurance related		1.0			—		1.1			—
Other accrued liabilities		1.2			—		0.9			—
Accounts receivables		0.2			—		0.3			—
Income tax loss carryforwards		31.1			—		31.3			—
Other		0.5			0.6		0.6			0.6
Gross deferred tax assets and liabilities		38.9			8.8		39.6			8.0
Valuation allowance		(30.1	)		—		(31.6	)		—
Total	$	8.8		$	8.8	$	8.0		$	8.0

Schedule of Deferred Tax Assets and Liabilities Classifications

The total deferred income tax assets (liabilities) as presented in the accompanying consolidated balance sheets are as follows (in millions):

	2013			2012
Net current deferred taxes	$	(7.9	)	$	(7.1	)
Net long-term deferred taxes		7.9			7.1