Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the operating results of the Company’s discontinued Fire Rescue Group for the three months ended September 30, 2015 and the nine months ended September 30, 2016 and 2015:

	Three Months Ended   September 30, 2015			Nine Months Ended   September 30,
(in millions)				2016 (a)			2015
Net sales	$	26.1		$	4.2		$	76.6
Cost of sales	21.2			3.9			62.4
Gross profit	4.9			0.3			14.2
Selling, engineering, general and administrative expenses	3.9			1.1			12.9
Restructuring	0.3			—			0.3
Operating (loss) income	0.7			(0.8		)	1.0
Interest (income) expense, net	(0.1		)	—			(0.1		)
Other (income) expense, net	—			—			(0.2		)
Income (loss) before income taxes	0.8			(0.8		)	1.3
Income tax expense (benefit)	0.2			(0.2		)	0.1
Net income (loss) from operations	$	0.6		$	(0.6	)	$	1.2

(a) Only includes activity in the period up to the completion of the sale on January 29, 2016.

Assets and liabilities of discontinued operations

The following table presents the assets and liabilities of the Company’s discontinued operations, which include the Fire Rescue Group, as well as other operations discontinued in prior periods, as of September 30, 2016 and December 31, 2015:

	September 30, 2016						December 31, 2015
(in millions)	Fire Rescue		Other		Total		Fire Rescue		Other		Total
Cash and cash equivalents	$	—	$	—	$	—	$	5.0	$	—	$	5.0
Accounts receivable, net	—		—		—		15.5		—		15.5
Inventories	—		—		—		40.4		—		40.4
Prepaid expenses	—		—		—		2.7		—		2.7
Other current assets	—		—		—		0.2		—		0.2
Current assets of discontinued operations	$	—	$	—	$	—	$	63.8	$	—	$	63.8
Properties and equipment, net	$	—	$	—	$	—	$	13.4	$	—	$	13.4
Goodwill	—		—		—		28.3		—		28.3
Deferred tax assets	0.7		1.5		2.2		—		1.6		1.6
Long-term assets of discontinued operations	$	0.7	$	1.5	$	2.2	$	41.7	$	1.6	$	43.3
Accounts payable	$	—	$	—	$	—	$	7.3	$	—	$	7.3
Customer deposits	—		—		—		10.6		—		10.6
Accrued liabilities:
Compensation and withholding taxes	—		—		—		4.3		—		4.3
Other current liabilities	1.5		1.1		2.6		4.0		2.4		6.4
Current liabilities of discontinued operations	$	1.5	$	1.1	$	2.6	$	26.2	$	2.4	$	28.6
Long-term pension and other post-retirement benefit liabilities	$	—	$	—	$	—	$	0.7	$	—	$	0.7
Other long-term liabilities	0.7		2.6		3.3		5.5		9.1		14.6
Long-term liabilities of discontinued operations	$	0.7	$	2.6	$	3.3	$	6.2	$	9.1	$	15.3