INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes consisted of the following:

(In millions)	2018		2017		2016
Domestic	$	54.7	$	47.1	$	45.4
Foreign	65.7		57.5		58.7
	$	120.4	$	104.6	$	104.1

Schedule of Components of Income Tax Expense (Benefit)

The income tax provision/(benefit) from continuing operations consisted of the following:

(In millions)	2018			2017			2016
Current:
Federal	$	4.6		$	29.7		$	9.6
Foreign	14.3			10.2			11.4
State	1.2			1.1			0.8
Total current	20.1			41.0			21.8
Deferred:
Federal	3.6			(10.7		)	2.9
Foreign	(2.6		)	(4.5		)	(1.0		)
State	(6.2		)	0.2			1.1
Total deferred	$	(5.2	)	$	(15.0	)	$	3.0
	$	14.9		$	26.0		$	24.8

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the tax provision for continuing operations at the U.S. statutory rate to the effective income tax expense rate as reported is as follows:

	2018		2017		2016
U.S. Federal statutory rate	21.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.1		1.0		(0.3	)
Foreign operations	(3.5	)	(10.2	)	(8.4	)
R&D tax credits	(0.7	)	(0.9	)	(0.6	)
Uncertain tax position adjustments	(0.5	)	(0.5	)	(2.5	)
Deferred tax adjustments - restructuring and rate adjustments	—		(1.2	)	0.3
Valuation allowance on state and foreign deferred tax	(2.4	)	(1.2	)	2.4
Purchase of noncontrolling interest	—		(2.3	)	—
Share-based compensation	(1.3	)	(1.9	)	(1.1	)
Realized foreign currency loss	(0.1	)	(1.5	)	—
Other items	0.9		(1.3	)	(1.0	)
Impact of the Tax Act
Transition tax	0.5		18.1		—
Deferred tax effects	(0.3	)	(8.3	)	—
Foreign Derived Intangible Income	(2.3	)	—		—
Effective tax rate	12.4	%	24.8	%	23.8	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities were as follows:

(In millions)	2018			2017
Deferred tax assets:
Accrued expenses and reserves	$	9.4		$	9.6
Compensation and employee benefits	16.2			17.4
Other items	18.1			15.0
Valuation allowance on state and foreign deferred tax	(6.8		)	(9.8		)
Total deferred tax assets	36.9			32.2
Deferred tax liabilities:
Accelerated depreciation on fixed assets	12.2			12.0
Amortization of intangibles	45.0			41.9
Other items	—			0.3
Total deferred tax liabilities	57.2			54.2
Net deferred tax liabilities	$	(20.3	)	$	(22.0	)

Summary of Operating Loss Carryforwards

The Company has foreign income tax net operating loss (“NOL”) carryforwards of $10.0 million and state income tax NOL and credit carryforwards of $6.9 million, which will expire on various dates as follows:

(In millions)
2018-2019	$	0.4
2020-2024	2.8
2025-2029	4.0
2030-2034	2.0
2035-2039	0.7
Unlimited	7.0
	$	16.9

Schedule of Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for 2018, 2017, and 2016 (excluding interest and penalties) is as follows:

(In millions)	2018			2017			2016
Beginning balance	$	1.3		$	1.3		$	2.4
Additions for tax positions of the current year	—			0.4			0.1
Additions for tax positions of prior years	0.3			0.2			0.1
Reductions for tax positions of prior years	—			—			(0.2		)
Statute expirations	(0.5		)	(0.6		)	(1.1		)
Settlements	—			—			—
Ending balance	$	1.1		$	1.3		$	1.3