Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule Of Loss From Continuing Operations Before Income Taxes

The following table reflects loss from continuing operations before income taxes by domestic and foreign tax jurisdictions for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
(In millions)	2017		2016		2015
U.S.	$	(132.3)	$	(103.4)	$	(43.8)
Foreign		3.7		(0.4)		3.0
Loss from continuing operations before income taxes	$	(128.6)	$	(103.8)	$	(40.8)

Summary of Income Tax Expense

The following table summarizes income tax benefit, within continuing operations, for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
(In millions)	2017		2016		2015
Current income tax expense (benefit):
Federal	$	(1.2)	$	(1.5)	$	(13.9)
State		0.1		0.2		0.4
Foreign		2.6		3.2		6.5
Total current income tax expense (benefit)		1.5		1.9		(7.0)
Deferred income tax expense (benefit):
Federal		(8.9)		(1.6)		1.3
State		(0.2)		0.2		(0.1)
Foreign		(0.2)		(1.1)		(3.3)
Total deferred income tax benefit		(9.3)		(2.5)		(2.1)
Total income tax benefit	$	(7.8)	$	(0.6)	$	(9.1)

Reconciliation of Effective Federal Tax Rates with Statutory Federal Income Tax Rate

	Year Ended December 31,
	2017		2016		2015
U.S. federal statutory rate	34.0	%	34.0	%	34.0	%
State income taxes	—	%	(0.3)	%	(0.6)	%
Foreign income taxes	0.1	%	(0.4)	%	(0.4)	%
Deferred tax valuation allowance	84.1	%	(24.6)	%	(26.5)	%
Fair value adjustments	1.2	%	—	%	(1.2)	%
Revisions to prior years	(0.2)	%	(0.1)	%	19.1	%
Goodwill impairment	—	%	(9.5)	%	—	%
Other permanent items	(3.8)	%	1.4	%	(2.1)	%
Tax rate change	(109.4)	%	—	%	—	%
Effective tax rate	6.0	%	0.5	%	22.3	%

Summary of Unrecognized Tax Benefits

	Year Ended December 31,
(In millions)	2017		2016		2015
Balance, beginning of period	$	0.1	$	0.3	$	—
Additions		0.2		0.1		0.3
Settlements		—		(0.3)		—
Balance, end of period	$	0.3	$	0.1	$	0.3

Components of Deferred Tax Assets and Deferred Tax Liabilities

The components of the Company’s deferred tax assets, liabilities and valuation allowances as of December 31, 2017 and 2016 are summarized in the following table:

	December 31,
(In millions)	2017		2016
Deferred tax assets:
Net operating loss carryforwards	$	229.6	$	383.0
Alternative minimum tax credits		8.9		10.2
Inventories		—		1.2
Compensation		1.4		3.4
Pension benefits		7.5		6.9
Intangible assets		15.7		10.1
Other		4.5		1.7
Total deferred tax assets		267.6		416.5
Deferred tax valuation allowance		(256.1)		(406.0)
Deferred tax assets, net of valuation allowance		11.5		10.5
Deferred tax liabilities:
Property, plant and equipment		(4.0)		(11.5)
Other		(1.2)		(1.5)
Total deferred tax liabilities		(5.2)		(13.0)
Net deferred tax assets (liabilities)	$	6.3	$	(2.5)

Summary of Deferred Tax Valuation Allowance

The following table provides information about the activity of our deferred tax valuation allowance for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
(In millions)	2017		2016		2015
Balance, beginning of period	$	406.0	$	382.4	$	385.6
Additions (reductions) recorded in the provision for income taxes		(9.0)		23.6		(5.8)
Changes in tax rates		(140.9)		—		—
Business acquired		—		—		2.6
Balance, end of period	$	256.1	$	406.0	$	382.4