Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

The provision for income taxes, relating to continuing operations, is composed of the following as of December 31, 2019, 2018 and 2017 (in millions):

	2019			2018			2017
Current:
U.S. Federal expense (benefit)	$	(0.1	)	$	(0.3	)	$	(0.1	)
State and local tax		0.1			0.1			0.4
Total current		—			(0.2	)		0.3
Deferred:
U.S. Federal tax		9.7			(1.6	)		3.7
State and local tax		1.4			0.4			(0.8	)
Total deferred		11.1			(1.2	)		2.9

Total income tax expense (benefit)	$	11.1		$	(1.4	)	$	3.2

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 is as follows for the years ended December 31, 2019, 2018 and 2017:

	2019			2018			2017
Federal statutory rate		21.0	%		21.0	%		35.0	%
Increase (decrease) in taxes resulting from:
State and local taxes		(13.8	)		(7.8	)		17.3
Nondeductible items		(1.8	)		(2.9	)		(17.6	)
Tax Cuts and Jobs Act of 2017		—			—			(147.7	)
Prior year true-up items		(4.5	)		6.9			6.8
Refundable tax credits		0.8			1.5			3.6
Other, net		(0.8	)		(0.1	)		0.1
Change in valuation allowance		(111.5	)		—			(0.1	)
Effective income tax rate		(110.6	)%		18.6	%		(102.6	)%

Deferred Income Taxes

Deferred income taxes at December 31, 2019 and 2018 are comprised of the following (in millions):

	2019					2018
	Assets			Liabilities		Assets			Liabilities
Income tax loss carryforwards	$	17.8		$	—	$	17.8		$	—
Other accrued liabilities		1.0			—		1.2			—
Employee benefits related		0.8			—		1.2			—
Property, plant and equipment		—			0.2		—			0.1
Insurance related		0.7			—		0.8			—
Goodwill		0.4			—		0.2			—
Inventories		1.8			—		1.5			—
Accounts receivables		0.8			—		0.5			—
LIFO		—			5.2		—			6.0
Leases		9.7			9.6		—			—
Other		2.4			0.4		1.6			0.3
Gross deferred tax assets and liabilities		35.4			15.4		24.8			6.4
Valuation allowance		(20.0	)		—		(7.3	)		—
Total	$	15.4		$	15.4	$	17.5		$	6.4