Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes from continuing operations for the years ended December 31, 2013, 2012 and 2011 (in millions):

 

     2013     2012      2011  

Current

        

Federal

    $ —        $ —         $ —     

State

      0.6        0.6         0.4   

Foreign

      0.2        0.3         0.6   
  

 

 

    

 

 

     

 

 

  
     0.8        0.9         1.0   
  

 

 

    

 

 

     

 

 

  

Deferred

        

Federal

      (121.6 )      4.8         4.4   

State

      (13.3 )      0.4         0.4   
  

 

 

    

 

 

     

 

 

  
     (134.9 )      5.2         4.8   
  

 

 

    

 

 

     

 

 

  

Total provision for taxes

    $ (134.1 )    $ 6.1       $ 5.8   
  

 

 

    

 

 

     

 

 

  
Schedule of Effective Income Tax Rate

The income tax provision (benefit) differs from the amount of income tax determined by applying the Company’s federal corporate income tax rate of 34% to pre-tax income for the years ended December 31, 2013, 2012 and 2011 due to the following (in millions):

 

     2013     2012     2011  

Computed “expected” tax provision (benefit)

    $ (0.1 )    $ 6.7      $ (0.8 ) 

Change in income tax resulting from:

       

State taxes, net of federal benefit

      (8.4 )      1.2        0.4   

Foreign taxes

      0.2        0.3        0.6   

Change in valuation allowance

      (126.0 )      (2.2 )      5.6   

Other

      0.2        0.1        —     
  

 

 

    

 

 

    

 

 

  
   $ (134.1 )    $ 6.1      $ 5.8   
  

 

 

    

 

 

    

 

 

  
Components of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities at December 31, 2013, 2012 and 2011 consist of the following (in millions):

 

     2013     2012  

Deferred tax assets:

     

Accrued expenses

    $ 3.5      $ 2.8   

Accounts receivable

      2.4        2.8   

Net operating loss carryforward

      125.5        110.5   

Stock-based compensation

      5.2        4.4   

Capital loss in investment in a domestic subsidiary

      —          10.2   

Intangible assets

      16.9        25.8   

Credits

      1.0        0.8   

Other

      0.9        3.5   
  

 

 

    

 

 

  
     155.4        160.8   

Valuation allowance

      (1.4 )      (145.5 ) 
  

 

 

    

 

 

  

Net deferred tax assets

    $ 154.0      $ 15.3   
  

 

 

    

 

 

  

Deferred tax liabilities:

     

Non-long lived intangible assets

    $ (4.9 )    $ (4.3 ) 

Long-lived Intangible assets

      (55.4 )      (48.3 ) 

Property and equipment

      (1.2 )      (2.0 ) 

Deferred state taxes

      (2.5 )      (5.5 ) 
  

 

 

    

 

 

  
     (64.0 )      (60.1 ) 
  

 

 

    

 

 

  
   $ 90.0      $ (44.8 ) 
  

 

 

    

 

 

  
Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits (in millions):

 

     Amount  

Balance at December 31, 2011

    $ 6.4   

Change in balances related to tax positions

      —     
  

 

 

  

Balance at December 31, 2012

    $ 6.4   

Change in balances related to tax positions

      —     
  

 

 

  

Balance at December 31, 2013

    $ 6.4