Milacron (MZIAQ) 8-K 6 Sep 19 2018 FY Other Events Financial data

Cover Page

Cover Page	Sep. 06, 2019
Cover page.
Document Type	8-K
Document Period End Date	Sep. 6, 2019
Entity Registrant Name	Milacron Holdings Corp.
Entity Central Index Key	0001637913
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Entity Incorporation, State or Country Code	DE
Entity File Number	001-37458
Entity Tax Identification Number	80-0798640
Entity Address, Address Line One	10200 Alliance Road,
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Cincinnati,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
City Area Code	(513)
Local Phone Number	487-5000
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	MCRN
Security Exchange Name	NYSE
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 184	$ 187.9
Accounts receivable, less allowance for doubtful accounts of $4.4 and $5.3 at December 31, 2018 and 2017, respectively	146.3	179
Inventories, net:
Raw materials	73.2	82.9
Work-in-process	46.7	51.4
Finished products	118.6	115.7
Total inventories	238.5	250
Prepaid and other current assets	49.1	59.6
Current assets held for sale	36.9	28.4
Total current assets	654.8	704.9
Property and equipment, net	215.7	233.4
Goodwill	513.2	534.5
Intangible assets, net	292.7	329.9
Other noncurrent assets	29.1	25.6
Noncurrent assets held for sale	27	30.5
Total assets	1,732.5	1,858.8
Current liabilities:
Short-term borrowings	5.8	7.4
Long-term debt and capital lease obligations due within one year	0.1	9.4
Accounts payable	116.8	115.6
Advanced billings and deposits	38.9	52.4
Accrued salaries, wages and other compensation	24	27.5
Other current liabilities	65.9	74.3
Current liabilities held for sale	14.9	20
Total current liabilities	266.4	306.6
Long-term debt and capital lease obligations, less unamortized discount and debt issuance costs	829	916.4
Deferred income tax liabilities	57.5	60.4
Accrued pension liabilities	27.6	30.9
Other noncurrent accrued liabilities	25.2	23.8
Total liabilities	1,205.7	1,338.1
Shareholders’ equity:
Preferred stock - $0.01 par value, 50,000,000 shares authorized, none outstanding	0	0
Common stock - $0.01 par value, 500,000,000 shares authorized; 70,726,800 issued and 70,454,138 outstanding as of December 31, 2018; 69,644,918 issued and outstanding as of December 31, 2017	0.7	0.7
Capital in excess of par value	693.5	675.9
Treasury Stock, Common, Value	(3.5)	0
Retained deficit	(29)	(70.5)
Accumulated other comprehensive loss	(134.9)	(85.4)
Total shareholders’ equity	526.8	520.7
Total liabilities and shareholders’ equity	$ 1,732.5	$ 1,858.8

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4.4	$ 5.3
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	70,726,800	69,644,918
Common stock, shares outstanding (in shares)	70,454,138	69,644,918
Treasury Stock, Common, Shares	272,662	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,164.7	$ 1,139.5	$ 1,086.4
Cost of sales	776	772.2	708
Manufacturing margins	388.7	367.3	378.4
Operating expenses:
Selling, general and administrative expenses	229.7	236	230.4
Amortization expense	24.7	26.6	29.3
Loss (gain) on currency translation	2.7	(5.7)	(3.3)
Other expense, net	21.5	16.9	8.9
Total operating expenses	278.6	273.8	265.3
Operating earnings	110.1	93.5	113.1
Interest expense, net	42.9	44.5	60.8
Loss on debt extinguishment	1.2	25.2	0
Other non-operating expenses	0.9	1.1	0.7
Earnings from continuing operations before income taxes	65.1	22.7	51.6
Income tax expense	18.5	14.9	14.6
Net earnings from continuing operations	46.6	7.8	37
Loss from discontinued operations (net of income taxes)	(5.1)	(6.7)	(6.5)
Net earnings	$ 41.5	$ 1.1	$ 30.5
Basic:
Net earnings from continuing operations (in dollars per share)	$ 0.67	$ 0.11	$ 0.55
Loss from discontinued operations (in dollars per share)	(0.07)	(0.09)	(0.10)
Net earnings (in dollars per share)	0.60	0.02	0.45
Diluted:
Net earnings from continuing operations (in dollars per share)	0.65	0.11	0.53
Loss from discontinued operations (in dollars per share)	(0.07)	(0.09)	(0.10)
Net earnings (in dollars per share)	$ 0.58	$ 0.02	$ 0.43

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 41.5	$ 1.1	$ 30.5
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(54.2)	71.7	(45.5)
Unrecognized pension plan gain (loss)	2	0.1	(2.7)
Unrealized gain (loss) on hedging activities	2.7	0.7	(0.6)
Total other comprehensive (loss) income, net of tax	(49.5)	72.5	(48.8)
Comprehensive (loss) income	$ (8)	$ 73.6	$ (18.3)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity Statement - USD ($) $ in Millions	Total	Common Stock [Member]	Capital In Excess of Par Value [Member]	Treasury Stock, Common [Member]	Retained Deficit	Accumulated Other Comprehensive Income (Loss) [Member]	Previously Reported [Member]	Previously Reported [Member]Common Stock [Member]	Previously Reported [Member]Capital In Excess of Par Value [Member]	Previously Reported [Member]Retained Deficit	Previously Reported [Member]Accumulated Other Comprehensive Income (Loss) [Member]
Balance (in shares) at Dec. 31, 2015		67,296,678		0
Balance at Dec. 31, 2015	$ 440.9	$ 0.7	$ 648.7	$ 0	$ (99.4)	$ (109.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		1,176,883
Stock-based compensation activity	12.3	$ 0	12.3
Net earnings	30.5				30.5
Other comprehensive income (loss), net of tax	(48.8)					(48.8)
Balance at Dec. 31, 2016				$ 0			$ 434.9	$ 0.7	$ 661	$ (68.9)	$ (157.9)
Balance (in shares) at Dec. 31, 2016				0				68,473,561
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		1,171,357
Stock-based compensation activity	14.1	$ 0	14.1
Net earnings	1.1				1.1
Other comprehensive income (loss), net of tax	72.5					72.5
Balance at Dec. 31, 2017	$ 520.7	$ 0.7	675.9	$ 0	(70.5)	(85.4)
Balance (in shares) at Dec. 31, 2017	69,644,918	69,644,918		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		1,081,882
Stock-based compensation activity	$ 17.6	$ 0	17.6
Treasury Stock, Shares, Acquired				(272,662)
Treasury Stock, Value, Acquired, Cost Method	(3.5)			$ (3.5)
Net earnings	41.5				41.5
Other comprehensive income (loss), net of tax	(49.5)					(49.5)
Balance at Dec. 31, 2018	$ 526.8	$ 0.7	$ 693.5	$ (3.5)	$ (29)	$ (134.9)
Balance (in shares) at Dec. 31, 2018	70,454,138	70,726,800		(272,662)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Operating activities from continuing operations
Net earnings (loss)	$ 41.5	$ 1.1	$ 30.5
Loss from discontinued operations	5.1	6.7	6.5
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization	52.1	54.3	55.9
Unrealized loss (gain) on currency translation of intercompany advances	3.1	(6.7)	(1.6)
Amortization of debt issuance costs and discount	2.9	3	3.8
Loss on debt extinguishment	1.2	25.2	0
Other non-cash asset impairment	0	0	1.6
Goodwill impairment	0	1.4	0
Property and equipment impairment	3.6	0	0
Inventory write-down	4.7	7.7	0
Non-cash stock-based compensation expense	11.5	8.8	5.3
Deferred income taxes	(7.5)	(8.4)	(8.6)
Changes in assets and liabilities:
Accounts receivable	27.7	2.6	13.7
Inventories	(6)	(9.9)	(13.9)
Prepaid and other current assets	1.9	(7.7)	(7)
Accounts payable	5.7	21.1	13.2
Advanced billings and deposits	(7.2)	2.8	11.7
Other current liabilities	(5.8)	(5.8)	2.1
Other noncurrent assets	0.7	1.6	4.1
Other noncurrent accrued liabilities	0.4	4.4	1
Net cash provided by operating activities from continuing operations	135.6	102.2	118.3
Investing activities from continuing operations
Purchases of property and equipment	(31)	(38.6)	(52.2)
Proceeds from disposals of property and equipment	9.1	3.8	0.9
Acquisitions, net of cash acquired	0	(2.1)	0
Net cash used in investing activities from continuing operations	(21.9)	(36.9)	(51.3)
Financing activities from continuing operations
Proceeds from issuance of long-term debt (original maturities longer than 90 days)	0	1,016.3	0
Payments on long-term debt and capital lease obligations (original maturities longer than 90 days)	(100)	(1,025.6)	(0.8)
Net decrease in short-term borrowings (original maturities of 90 days or less)	(1.2)	(0.1)	0
Debt extinguishment costs	0	(18)	0
Proceeds from exercise of stock options	6.1	5.3	7
Purchase of treasury stock	(3.5)	0	0
Proceeds from lease financing transaction	0	10.9	0
Debt issuance costs	(0.8)	(10.7)	0
Net cash (used in) provided by financing activities from continuing operations	(99.4)	(21.9)	6.2
Total cash and cash equivalents provided by continuing operations	14.3	43.4	73.2
Cash (used in) provided by discontinued operations
Operating cash flows	(11.3)	8.2	(2.1)
Investing cash flows	(0.3)	(1.2)	(5.1)
Total cash and cash equivalents (used in) provided by discontinued operations	(11.6)	7	(7.2)
Effect of exchange rate changes on cash	(6.6)	7.3	(3.3)
(Decrease) increase in cash and cash equivalents	(3.9)	57.7	62.7
Cash and cash equivalents at beginning of year	187.9	130.2	67.5
Cash and cash equivalents at end of year	184	187.9	130.2
Supplemental cash flow information:
Interest	43	56.2	58.5
Income taxes, net	29.7	26.1	24.5
Significant non-cash transactions:
Accrued expenditures for property and equipment at December 31	$ 3.4	$ 2.5	$ 5.2

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Milacron Holdings Corp. (the "Company" or "Milacron") is a global leader in the manufacture, distribution, and service of highly engineered and customized systems used in the plastic technology and processing industry. The Company has a full-line product portfolio that includes hot runner systems, injection molding and extrusion equipment and produces process control systems, mold bases and components and maintenance, repair and operating ("MRO") supplies for plastic processing equipment and fluid technology. The Company operates throughout the world and is headquartered in Cincinnati, Ohio. Principles of Consolidation and Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and include the accounts of the Company, its majority-owned subsidiaries and entities over which the Company has control. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities at the reporting date and the amounts of revenue and expenses in the periods presented in the Consolidated Financial Statements. Actual results could differ from these estimates. The Company’s results are affected by economic, political, legislative, regulatory and legal actions. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, governmental fiscal policies and changes in the prices of raw materials, can have a significant effect on estimates recognized. Foreign Currency Assets and liabilities of the Company’s non-U.S. operations, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange during the period. Net exchange gains or losses resulting from such translation are included in accumulated other comprehensive loss, a component of shareholders’ equity, and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and the settlement date. Intercompany foreign currency transactions, including intercompany advances, that are not long-term in nature are recorded within loss (gain) on currency translation within the Consolidated Statements of Operations. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and all highly liquid investments with original maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable consists of amounts owed to the Company through product shipments and services provided and is presented net of an allowance for doubtful accounts. The Company grants credit to its customers in the normal course of business. To reduce credit risk, the Company performs credit investigations prior to accepting new customers and prior to adjusting existing credit limits. The estimate of the allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit loss in the Company’s existing accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based upon an analysis of prior collection experience, specific customer creditworthiness and economic trends within the industries the Company serves. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligation (e.g., bankruptcy filings), the Company records a specific reserve to reduce the receivable to the amount reasonably believed to be collected. When an account is considered uncollectible, it is written off against the allowance for doubtful accounts. During 2017, the Company entered into an accounts receivable factoring agreement to sell certain unsecured receivables in the U.S., without recourse, to an unrelated third-party financial institution. During 2018, the Company entered into an accounts receivable factoring agreement to sell certain unsecured receivables in China, without recourse, to an unrelated third-party financial institution. Under the terms of the agreements, the Company retains no rights or interest and has no obligations with respect to the receivables. As such, the factoring under these arrangements is accounted for as a sale. The Company sold $31.1 million and $5.7 million of receivables during the years ended December 31, 2018 and 2017 , respectively. The receivables sold under these agreements were recorded as a reduction of accounts receivable and proceeds as cash provided by operating activities. Inventories Inventories consist of metalworking fluids and chemicals, machinery parts and supplies, and machines and components manufactured or in the process of assembly. Inventories are stated at net realizable value. The principal methods of determining costs are average or standard costs, which approximate the first-in, first-out method. Inventories are recorded net of reserves for obsolescence of $37.4 million and $30.8 million at December 31, 2018 and 2017 , respectively. The inventory obsolescence reserve is determined by specific identification, as well as an estimate based on age, saleability and market conditions. The Company recorded $4.7 million of inventory write-downs during the year-ended December 31, 2018, primarily related to actions resulting from restructuring initiatives and certain discontinued product lines. Debt Issuance Costs The Company capitalizes costs associated with the issuance of debt and amortizes these costs over the lives of the debt instruments using the effective interest method or the straight-line method based on the terms of the underlying debt instrument. These costs are recorded as debt issuance costs as a direct reduction from the carrying amount of the corresponding debt liability in the accompanying Consolidated Balance Sheets and the related amortization of debt issuance costs is included within interest expense, net within the Consolidated Statements of Operations and amounted to $2.3 million , $2.4 million and $3.8 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Upon the prepayment of the related debt, the Company accelerates the recognition of an appropriate amount of the costs. Property and Equipment Expenditures for property and equipment, including amounts related to capital leases, are carried at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. Buildings are generally depreciated over useful lives of 20 to 45 years and machinery and equipment over useful lives of 3 to 12 years . Leasehold improvements are depreciated over the shorter of their estimated useful life or the remaining term of the associated lease. Repairs, betterments, and renewals that extend the life of the asset are capitalized. Other repairs and maintenance expenditures are expensed as incurred. Property and equipment consist of the following as of: December 31, 2018 2017 (in millions) Land $ 21.0 $ 26.4 Buildings 89.0 92.3 Machinery and equipment 252.2 242.2 362.2 360.9 Accumulated depreciation (146.5 ) (127.5 ) $ 215.7 $ 233.4 The Company recorded depreciation expense of $27.4 million , $27.7 million and $26.7 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. The Company allocates depreciation expense to cost of sales and selling, general and administrative expense as appropriate. Goodwill and Other Intangible Assets Goodwill represents the excess of acquisition cost over the estimated fair value of net assets acquired in business combinations. Intangible assets are recorded at cost, and those intangible assets with finite lives are amortized over their respective estimated useful lives. The Company estimates the useful lives of the intangible assets acquired in business combinations based on information available at the time of acquisition. In establishing the useful lives of acquired customer relationships, the Company considered the buying patterns and length of time that the acquired customers have purchased the Company’s products as well as the estimated future cash flows the Company anticipates to be generated from these customers. For technology, the Company considered the likelihood of competitors creating new competing technologies. For trademarks, the Company considered how well the acquired trademarks are known throughout the industry and are expected to continue to generate positive cash flows in the future. The useful lives of non-compete agreements are equal to the respective agreement terms. The Company performs an annual impairment test on all existing goodwill and other indefinite-lived assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. The Company tested goodwill for impairment based on its identified reporting units. As a result of the adoption of Accounting Standards Update ("ASU") No. 2011-08, Testing Goodwill for Impairment , the Company may first assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company’s products and services, regulatory and political developments, entity-specific factors such as strategies and financial performance, when evaluating the potential for impairment of goodwill. For reporting units in which this assessment is not conclusive that it is more likely than not that the fair value is greater than its carrying value, the Company will determine the estimated fair value of each reporting unit and compare that to its carrying amount. If the estimated fair value of the reporting unit is in excess of the carrying value, the related goodwill is considered not to be impaired. As a result of the adoption of ASU No. 2017-04, Simplifying the Test for Goodwill Impairment , if the carrying amount of the reporting unit exceeds the estimated fair value, the excess of the carrying value of the reporting unit over the estimated fair value of the reporting unit will be recorded as an impairment loss. The Company performed a quantitative impairment test for all reporting units as of October 1, 2018 . The Company’s determination of estimated fair value of each reporting unit was determined using a combination of the market approach and the income approach. Under the market approach, fair value is based on revenue and earnings multiples for guideline public companies in the reporting unit’s peer group. The market approach requires significant judgment regarding the selection of guideline companies. Under the income approach, value is determined based upon the estimate of future positive cash flows to be derived from ownership. The income approach requires significant judgment including estimates about future cash flows and risk-adjusted discount rates. A combination of the methodologies is used and weighted appropriately for each reporting unit. The Company also tests its indefinite-lived intangible assets, consisting of trademarks, for impairment using a “relief-from-royalty” method. Significant assumptions inherent in the methodologies are employed and include such estimates as royalty and discount rates. The Company's annual impairment test of goodwill and indefinite-lived intangible assets resulted in no impairment charge being recognized in 2018 and 2016. In 2017, the annual impairment test resulted in a goodwill impairment charge of $1.4 million . For further information on goodwill and other intangible assets, see Note 4. Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Examples of events or changes in circumstances could include, but are not limited to, a prolonged economic downturn, current period operating or cash flow losses combined with a history of losses or a forecast of continuing losses associated with the use of an asset group, or a current expectation that an asset group will be sold or disposed of before the end of its previously estimated useful life. Recoverability of long-lived assets is assessed by a comparison of the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset or group of assets. If estimated future undiscounted net cash flows are less than the carrying amount of the asset or group of assets, the asset is considered impaired and a loss is recognized in an amount required to reduce the carrying amount of the asset to its then estimated fair value. Fair value generally is determined from estimated discounted future net cash flows (for assets held for use) or net realizable value (for assets held for sale). During the fourth quarter of 2018, the Company recognized a $3.3 million impairment charge due to excess manufacturing capacity at one of its facilities located in Europe. The facility’s assets are recorded within the Company's APPT segment and the impairment charge is recorded within other expense, net within the Consolidated Statements of Operations. Self-Insurance Reserves The Company is primarily self-insured for many types of risks, including, but not limited to, general liability, auto liability, product liability, environmental claims and workers’ compensation for most domestic employees. The Company establishes undiscounted reserves for the estimated ultimate cost of all asserted and unasserted claims incurred and is established based on historical experience and known or estimated ultimate exposure. The Company’s exposure, except for certain environmental claims, is limited by excess liability coverage. Workers’ compensation claims in excess of certain limits are insured with commercial carriers. Reserves, gross of expected recoveries, are included in current and noncurrent liabilities. Expected recoveries from excess carriers are included in noncurrent assets. Employee Benefit Plans The Company maintains defined contribution plans for its U.S. employees and certain non-U.S. employees. Certain of the Company’s non-U.S. subsidiaries in Germany and the United Kingdom sponsor defined benefit pension plans for certain non-U.S. employees. The Company’s policy is to fund the plans in accordance with applicable laws and regulations and the funded status of the Company’s defined benefit plans is recognized in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. For defined benefit pension plans, the benefit obligation is the projected benefit obligation ("PBO"). The PBO represents the actuarial present value of benefits expected to be paid upon retirement based on estimated future compensation levels. The fair value of plan assets represents the current market value of assets. The measurement of the benefit obligation is based on the Company’s estimates and actuarial valuations. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain key assumptions that require significant judgment, including, but not limited to, estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. For additional information regarding plan assumptions and the current financial position of the Company's defined benefit pension plans, see Note 7. Revenue Recognition The Company recognizes revenue under the core principle to depict the transfer of control to the Company's customers in an amount reflecting the consideration the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the performance obligation is satisfied. The Company considers customer purchase orders to be contracts with a customer. For each contract, the Company considers the promise to transfer products, each of which are distinct, to be the identified performance obligations. As the Company's standard payment terms are less than one year, the Company has elected the practical expedient under Accounting Standards Codification ("ASC") 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company's performance obligation is satisfied), which typically occurs at shipment. Appropriate allowances for returns are recorded at the time revenue is recognized. The Company continually evaluates the creditworthiness of its customers and enters into sales contracts only when collection of the sales price is reasonably assured. For sales of plastic processing machinery, customers are generally required to make substantial down payments prior to shipment, which helps to ensure collection of the full price. These down payments are classified within advanced billings and deposits on the Consolidated Balance Sheets. Cost of Sales Costs associated with net sales are recorded in cost of sales. Cost of sales includes the costs of receiving, producing, inspecting, warehousing, insuring, and shipping goods during the period, as well as depreciation and amortization of long-lived assets used in these processes. Cost of sales also includes shipping and handling costs associated with the delivery of goods to customers and costs associated with internal transfers between plant locations. Advertising Costs Advertising costs are charged to expense as incurred and include amounts related to participation in trade shows. The Company incurred advertising costs of $6.8 million , $3.2 million and $5.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Warranty Costs A reserve for estimated warranty costs is recorded at the time of sale of machinery and parts and these estimates are based on historical warranty claim experience, with subsequent adjustments for ongoing claims exposure. The reserve for estimated warranty costs is included in other current liabilities in the accompanying Consolidated Balance Sheets. The following table summarizes changes in the Company’s warranty reserves: Year Ended December 31, 2018 2017 2016 (in millions) Balance at the beginning of year $ 9.7 $ 8.6 $ 8.2 Warranty expense 11.6 15.1 12.2 Warranty claims paid (12.2 ) (14.6 ) (11.7 ) Foreign currency translation adjustments (0.4 ) 0.6 (0.1 ) Balance at the end of year $ 8.7 $ 9.7 $ 8.6 Stock-Based Compensation The Company accounts for stock-based payment transactions in which the Company receives employee services in exchange for equity instruments of the Company. Stock-based compensation, including grants of stock options and restricted stock, is measured in the Consolidated Statements of Operations based on the grant date fair values of the stock-based awards. The compensation expense recognized for each stock-based award is recognized ratably on a straight-line basis over the requisite service period except for performance-based awards which are recognized over the requisite service period if it is probable that the performance conditions will be satisfied. Stock-based compensation expense is reported within selling, general and administrative expenses in the Consolidated Statements of Operations. The Company will recognize a benefit from stock-based compensation within income tax expense if an incremental tax benefit is realized by following the ordering provisions of the tax law. Additional information regarding stock-based compensation can be found in Note 10. Research and Development Expenditures for research and development are expensed as incurred and included in selling, general and administrative expense in the accompanying Consolidated Statements of Operations. The Company incurred research and development expenses of $12.7 million , $15.1 million and $18.9 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Income Taxes The Company is subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgment in the forecasting of taxable income using historical and projected future operating results is required in determining the Company’s provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable, and deferred taxes including those related to investments in foreign subsidiaries that are not permanent in nature. Under U.S. GAAP, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be settled or realized. Deferred tax assets are also recognized for the estimated future effects of tax loss carryforwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which the enactment dates change. The Company regularly reviews its deferred tax assets for recoverability and establishes a valuation allowance if it is more likely than not that some portion or all of a deferred tax asset will not be realized. The determination as to whether a deferred tax asset will be realized is made on a jurisdictional basis and is based on the evaluation of positive and negative evidence. This evidence includes historical pre-tax and taxable income, projected future taxable income, the expected timing of the reversal of temporary differences and the implementation of tax planning strategies. Projected future taxable income is based on expected results and assumptions as to the jurisdiction in which the income will be earned. The expected timing of the reversals of existing temporary differences is based on current tax law and the Company’s tax methods of accounting. The Company records income tax liabilities for uncertain foreign and domestic tax positions utilizing the prescribed recognition and measurement principles under U.S. GAAP. Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the Consolidated Financial Statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company estimates fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: • Level 1–Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2–Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial statements. • Level 3–Valuation is based upon other unobservable inputs that are significant to the fair value measurements. Derivative Financial Instruments The Company’s risk management strategy includes the use of derivative instruments, specifically foreign currency forward exchange contracts, interest rate swaps and cross-currency interest rate swaps, to reduce the effects on its operating results and cash flows from fluctuations caused by volatility in currency exchange rates and interest rates, respectively. The Company recognizes all derivative instruments as either assets or liabilities in the Consolidated Balance Sheets at their respective estimated fair values. The accounting for changes in the fair value (i.e., unrealized gains or losses) of a derivative instrument depends on whether it has been designated, and is highly effective, as a hedge and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, the Company designates the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. Changes in the fair value of derivative instruments that are highly effective and designated as cash flow hedges are reported as a component of other comprehensive income (loss) ("OCI") and reclassified into earnings in the same line-item associated with the forecasted transaction and in the same period during which the hedged transaction impacts earnings. Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09, as further amended, affects virtually all aspects of an entity’s revenue recognition, including determining the measurement of revenue and the timing of when it is recognized for the transfer of goods or services to customers. ASU 2014-09 was effective for the Company beginning January 1, 2018. The guidance permits two methods of adoption - retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The new standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts. The Company adopted Topic 606 on January 1, 2018, using the modified retrospective method, which did not result in an adjustment to equity. The Company's sales transactions generally consist of a single performance obligation to transfer promised goods or services. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 was effective for the Company beginning January 1, 2017 and the impact of the Company's adoption in 2017 resulted in the following: • The Company recorded $1.1 million of previously unrecognized deferred tax assets that arose from tax deductions for share-based compensation in excess of compensation expense recognized for financial reporting during years when net operating losses were created. A corresponding increase in the valuation allowance was also recorded and, as a result, there was no impact to the Company's Consolidated Statements of Operations. • The Company elected to change its policy on accounting for forfeitures and now will account for forfeitures as they occur. This policy election resulted in a cumulative-effect adjustment to retained earnings of $0.8 million as of January 1, 2017. • The Company will no longer reclassify any excess tax benefits from operating activities to financing activities in the statement of cash flows. The Company elected to apply this change in presentation prospectively and thus prior periods have not been adjusted. • The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of diluted earnings per share for the year ended December 31, 2017. This did not have an impact on our computation of diluted weighted-average common shares outstanding. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15"). ASU 2016-15 clarifies the classification of certain cash receipts and cash payments within the statement of cash flows to reduce diversity in practice. ASU 2016-15 is effective for the Company beginning January 1, 2018 and early adoption is permitted. The Company elected to early adopt ASU 2016-15 as of January 1, 2017 which was required to be adopted retrospectively. As a result, the Company has classified debt extinguishment costs paid as a financing activity within the Company's Consolidated Statements of Cash Flows. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory ("ASU 2016-16"). Prior to the adoption of ASU 2016-16, the tax effects of intra-entity transfers are deferred until the transferred asset is sold to a third party or otherwise recovered through use. ASU 2016-16 eliminates this deferral for all intra-entity sales of assets other than inventory. ASU 2016-16 is effective for the Company beginning January 1, 2018 with early adoption permitted and the Company elected to early adopt ASU 2016-16 as of January 1, 2017. As a result, the Company recorded a cumulative-effect adjustment to retained earnings of approximately $1.9 million with a corresponding reduction in prepaid tax assets as of January 1, 2017. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01") . ASU 2017-01 adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for the Company beginning January 1, 2018 with early adoption permitted. The Company elected to early adopt ASU 2017-01 as of January 1, 2017 and the adoption did not have a material impact on the Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 eliminates the two-step process that required identification of potential impairment and a separate measure of the actual impairment. Goodwill impairment charges, if any, would be determined by the difference between a reporting unit's carrying value and its fair value (impairment loss is limited to the carrying value). ASU 2017-04 is effective for annual or any interim goodwill impairment tests beginning after December 15, 2019 with early adoption permitted. The Company elected to early adopt ASU 2017-04 as of January 1, 2017 and the adoption did not have a material impact on the Consolidated Financial Statements. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs ("ASU 2017-07"). ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated statements of operations; however, the other components of net benefit cost are required to be presented outside of operating income within the consolidated statements of operations. ASU 2017-07 is effective for fiscal years beginning after December 31, 2017 and the Company adopted the accounting standard update as of January 1, 2018. The other components of net benefit cost of $0.9 million , $1.1 million and $0.7 million for the years ended December 31, 2018,

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On May 11, 2019, the Company entered into an Asset and Share Purchase Agreement ("Purchase Agreement") with OC Spartan Acquisition, Inc., pursuant to which the Company agreed to sell substantially all of the assets of the Company's blow molding business. This divestiture represents a strategic shift in Milacron's business and, in accordance with U.S. GAAP, qualifies as a discontinued operation. As a result, the operating results and cash flows related to the Company's blow molding business have been reflected as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows for all periods presented, while the assets and liabilities that are expected to be sold have been reflected as assets and liabilities held for sale for the current and prior periods in the Consolidated Balance Sheets. The financial information reported for the Company's Advanced Plastic Processing Technologies reporting segment excludes the activity from the Company's blow molding business. The assets and liabilities of the Company's blow molding business that have been classified as held for sale in the Consolidated Balance Sheets are comprised of the following: December 31, 2018 2017 (in millions) Accounts receivable, net $ 6.5 $ 7.3 Inventories, net 19.3 17.9 Prepaid and other current assets 1.5 3.2 Current assets held for sale $ 27.3 $ 28.4 Property and equipment, net $ 25.3 $ 27.4 Goodwill 0.6 0.6 Intangible assets, net 1.1 2.5 Noncurrent assets held for sale $ 27.0 $ 30.5 Accounts payable $ 6.1 $ 6.0 Advanced billings and deposits 5.6 10.4 Accrued salaries, wages and other compensation 1.9 2.2 Other current liabilities 1.3 1.4 Current liabilities held for sale $ 14.9 $ 20.0 The following table presents a consolidation of the captions within the Company's Consolidated Statements of Operations for the loss from discontinued operations attributable to the Company's blow molding business for the years ended December 31, 2018, 2017 and 2016. Year Ended December 31, 2018 2017 2016 (in millions) Loss from discontinued operations attributable to blow molding business Net sales $ 93.5 $ 94.7 $ 80.3 Cost of sales 79.6 80.1 62.9 Selling, general and administrative expenses 15.3 16.9 21.3 Amortization expense 1.8 2.1 2.0 Loss (gain) on currency translation 0.1 (1.6 ) — Other expense, net 0.2 1.6 0.9 Operating loss from discontinued operations (3.5 ) (4.4 ) (6.8 ) Interest expense, net 0.1 — 0.1 Pretax loss from discontinued operations (3.6 ) (4.4 ) (6.9 ) Income tax expense (benefit) 1.5 2.3 (0.4 ) Loss from discontinued operations $ (5.1 ) $ (6.7 ) $ (6.5 )

Revenue (Notes)

Revenue (Notes)	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenue On January 1, 2018, the Company adopted ASU 2014-09 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASU 2014-09, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting. The Company applies the provisions of Accounting Standards Codification ("ASC") 606-10, Revenue from Contracts with Customers , and all related appropriate guidance. The Company recognizes revenue under the core principle to depict the transfer of control to the Company's customers in an amount reflecting the consideration the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the performance obligation is satisfied. The Company considers customer purchase orders to be contracts with a customer. For each contract, the Company considers the promise to transfer products, each of which are distinct, to be the identified performance obligations. As the Company's standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company's performance obligation is satisfied), which typically occurs at shipment. During the first quarter of 2019, the Company refined the end market classification of certain customers in each segment and as a result, the end market classification in the following table has been reclassified to conform with the current period presentation. The following table provides information about disaggregated revenue by primary geographical and end markets, and includes a reconciliation of the disaggregated revenue with reportable segments: Year Ended December 31, 2018 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 376.8 $ 142.8 $ 51.8 $ 571.4 Europe 46.8 124.1 50.3 221.2 China 15.7 121.2 14.0 150.9 India 113.7 15.1 1.3 130.1 Other 30.7 48.5 11.9 91.1 Total $ 583.7 $ 451.7 $ 129.3 $ 1,164.7 End markets: Automotive $ 87.9 $ 104.8 $ 29.4 $ 222.1 Packaging 81.1 48.8 0.2 130.1 Consumer goods 77.6 79.4 5.9 162.9 Electronics 44.6 42.5 6.4 93.5 Medical 19.5 32.5 0.8 52.8 Construction 91.3 1.6 — 92.9 Custom molders and other 179.8 — — 179.8 Mold makers and other — 132.1 — 132.1 Job shop and other — — 36.0 36.0 Distributors 1.9 10.0 50.6 62.5 Total $ 583.7 $ 451.7 $ 129.3 $ 1,164.7 We receive payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to receive consideration becomes unconditional. Contract liabilities include payments received in advance of performance under the contract and are realized with the associated revenue recognized under the contract. Significant changes in the contract liabilities balances during the year ended December 31, 2018 are as follows: Year Ended December 31, 2018 (in millions) Balance at beginning of period $ 52.4 Additional advanced billings and deposits received 330.1 Revenue recognized (339.0 ) Foreign currency translation adjustments and other (4.6 ) Balance at end of period $ 38.9 Sales, value-add, and other taxes collected concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The expected costs associated with our base warranties and field service actions are recognized as expense when the products are sold. We recognize revenue for service contracts that extend mechanical and maintenance beyond our base warranties over the life of the contract. The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses in the Consolidated Statements of Operations. As permitted by Topic 606, the Company does not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, and (2) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	e following table summarizes the changes in the Company’s goodwill, by reportable segment, for the years ended December 31, 2018 and 2017 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2016 $ 36.4 $ 424.0 $ 46.9 $ — $ 507.3 Goodwill impairment (1.4 ) — — — (1.4 ) Foreign currency translation adjustments — 28.6 — — 28.6 Balance at December 31, 2017 35.0 452.6 46.9 — 534.5 Foreign currency translation adjustments — (21.3 ) — — (21.3 ) Balance at December 31, 2018 $ 35.0 $ 431.3 $ 46.9 $ — $ 513.2 There were no goodwill impairment charges recognized during the years ended December 31, 2018 and 2016. The Company completed its annual impairment test in the fourth quarter of 2017, which indicated the fair value of each reporting unit was substantially above its respective carrying value, including goodwill, with the exception of one reporting unit, which is part of the Advanced Plastic Processing Technologies segment. The Company used a combination of the income approach and market approach to determine the fair value of the reporting unit which was negatively impacted by lower operating results leading the Company to exit a product line within the reporting unit. The exit of this product line resulted in lower forecasted revenue and profitability. Accordingly, the Company recorded a goodwill impairment charge of $1.4 million , representing all of the reporting unit's goodwill, in 2017 which is included in other expense, net in the Consolidated Statements of Operations. Accumulated goodwill impairment was $1.4 million at December 31, 2018 and 2017 . The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 37.2 $ 17.5 $ 19.7 Technology 118.2 46.7 71.5 Customer relationships 218.4 121.3 97.1 Total intangible assets subject to amortization 373.8 185.5 188.3 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 515.4 $ 185.5 $ 329.9 Consolidated amortization expense related to intangible assets subject to amortization was $24.7 million , $26.6 million and $29.3 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Estimated annual amortization expense for intangible assets subject to amortization over the next five years is as follows: $20.4 million in 2019 , $18.0 million in 2020 , $16.3 million in 2021 , $14.5 million in 2022 and $13.0 million in 2023 .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes consists of the following: Year Ended December 31, 2018 2017 2016 (in millions) Current: United States $ (4.1 ) $ (3.0 ) $ — State and local 0.2 0.3 0.4 Foreign 29.9 26.0 22.8 Total current 26.0 23.3 23.2 Deferred: United States (3.5 ) (10.9 ) 0.5 State and local (0.3 ) 0.1 (0.1 ) Foreign (3.7 ) 2.4 (9.0 ) Total deferred (7.5 ) (8.4 ) (8.6 ) Total income tax expense $ 18.5 $ 14.9 $ 14.6 The following sets forth the amount of earnings (loss) before income taxes: Year Ended December 31, 2018 2017 2016 (in millions) Earnings (loss) before income taxes: United States $ (32.4 ) $ (70.0 ) $ (28.4 ) Rest of the world 97.5 92.7 80.0 $ 65.1 $ 22.7 $ 51.6 The Company’s effective income tax rate differs from the amount calculated using the statutory U.S. federal income tax rate, principally due to the following: Year Ended December 31, 2018 2017 2016 (in millions) Income tax expense computed at U.S. federal statutory rate $ 13.7 $ 7.9 $ 18.0 Foreign withholding tax 5.4 8.3 3.9 State and local income taxes, net of federal benefit (0.3 ) 0.2 0.2 Foreign tax differential 1.9 (11.3 ) (8.6 ) Change in tax rates 0.2 (4.6 ) (1.9 ) Change in valuation allowances (5.7 ) 11.5 (2.1 ) Uncertain tax positions 0.8 0.2 0.7 Intra-period tax allocation (2.2 ) (3.1 ) — Dividend elimination, subpart F and special charges 6.3 0.4 3.1 Other permanent differences (0.6 ) (0.6 ) 1.5 Tax credits (1.2 ) (2.5 ) (2.1 ) Adjust deferred taxes 0.1 0.5 0.2 Share-based compensation (0.1 ) (0.1 ) 0.9 Deferred transition tax — 6.5 — Other 0.2 1.6 0.8 Income tax expense $ 18.5 $ 14.9 $ 14.6 The Company’s effective tax rate can vary significantly from the U.S. federal statutory rate primarily due to the level and mix of income among domestic and foreign jurisdictions and the creation and release of valuation allowances. During the year ended December 31, 2018, the effective tax rate varied from the U.S. federal statutory rate as the Company made a policy election to utilize existing indefinite-lived deferred tax liabilities as a source of income for indefinite-lived deferred tax assets related to net operating losses and deferred interest deductions resulting from the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). In conjunction with this election, the Company reversed $6.4 million in valuation allowances previously recorded against the deferred tax assets. In 2017, the effective tax rate varied from the U.S. federal statutory rate due to a net $8.9 million benefit resulting from the enactment of the Tax Act. In 2016, the effective tax rate varied from the U.S. federal statutory rate due to a benefit of $1.9 million related to a three-year reduced statutory tax rate at one of the Company’s non-U.S. subsidiaries. The reduction in the statutory rate is effective through December 31, 2018 and is expected to be renewed for a successive three-year period, although there can be no guarantees that the tax authority will accept the Company’s application. Significant components of net deferred tax assets and liabilities are as follows: December 31, 2018 2017 (in millions) Deferred tax assets: Net operating loss and other deferred carryforwards $ 69.6 $ 77.5 Tax credit carryforwards 7.9 15.9 Inventories 6.4 6.3 Employee benefits 10.9 12.0 Accrued liabilities and other 11.2 6.2 Total deferred tax assets 106.0 117.9 Less valuation allowances (61.0 ) (76.5 ) Deferred tax assets, net of valuation allowances 45.0 41.4 Deferred tax liabilities: Goodwill and other intangible assets 62.8 68.1 Property and equipment 11.8 10.3 Withholdings taxes / undistributed non-U.S. earnings 7.8 8.4 Total deferred tax liabilities 82.4 86.8 Net deferred tax liabilities $ (37.4 ) $ (45.4 ) Deferred income taxes reflect the net effects of temporary differences between the carrying values of assets and liabilities and the tax basis of the assets and liabilities. In jurisdictions for which the Company has net deferred tax assets, these amounts are recorded in other noncurrent assets in the Consolidated Balance Sheets. At December 31, 2018 , the Company had non-U.S. net operating loss carryforwards, principally in The Netherlands, Germany, and Belgium, totaling $151.3 million , $23.5 million of which will expire between 2020 and 2038. The remaining $127.8 million of non-U.S. net operating losses existing at December 31, 2018 have an indefinite carryforward period. In 2018 , the Company utilized $2.6 million of prior non-U.S. net operating loss carryforwards from 2017 and earlier to reduce cash taxes by $0.7 million . At December 31, 2018 , the Company had estimated U.S. net operating loss carryforwards totaling $107.3 million , which are scheduled to expire beginning in 2029. As of December 31, 2018, the Company has determined that it has experienced multiple ownership changes under Internal Revenue Code Section 382 in prior years. During the year ended December 31, 2018, the Company completed a formal study and determined the usage of the Company's U.S. net operating losses are limited due to ownership changes that occurred in 2015 and 2017. The annual limitation did not increase U.S. cash taxes or income tax expense for the year ended December 31, 2018. In 2018 , the Company utilized $14.9 million of U.S. net operating loss carryforwards from 2017 and earlier to reduce cash taxes by $3.1 million . At December 31, 2018 , the Company had tax credit carryovers, principally in the U.S. and Canada, totaling $7.9 million , $4.6 million of which will expire between 2019 and 2037. The remaining $3.3 million of tax credit carryovers have an unlimited life. During the year ended December 31, 2016, as a result of changing the ownership structure of the Company's German subsidiaries, the Company could elect to file a consolidated German tax return. This tax planning strategy, which had not been previously available until the fourth quarter of 2016 and was subsequently made during the year ended December 31, 2017, provides significant positive evidence for the future utilization of the deferred tax assets of the newly formed consolidated group. As a result, the Company recognized an $8.5 million income tax benefit in the fourth quarter of 2016 related to the reversal of valuation allowances previously recorded against the deferred tax assets of one member of the group. Tax Cuts and Jobs Act of 2017 On December 22, 2017, the Tax Act was signed into law and it institutes fundamental changes to the taxation of multinational corporations. The Tax Act reduces the corporate tax rate to 21% , repeals the alternative minimum tax, limits the interest deduction, enhances the expensing of capital investments, implements a dividend exemption system, eliminates the deferral of foreign earnings, provides a minimum tax on low-taxed foreign earnings and new measures to deter base erosion. As part of the transition to the new tax system, the Tax Act imposes a one-time transition tax on historical undistributed earnings of foreign affiliates through the year ended December 31, 2017. SEC Staff Accounting Bulletin No. 118, issued in late December 2017, provides that the Company has one year to complete the accounting for the impact of the Tax Act and as of December 31, 2017 the Company has recorded a provisional estimate. Although the Tax Act is generally effective January 1, 2018, the Company is required to calculate the effects of changes in tax rates and laws on deferred tax balances in 2017, the period in which the legislation was enacted. During the year ended December 31, 2018, the Company completed its determination of the accounting implications of the Tax Act on its tax balances. Changes to the estimated provisional effects of the Tax Act in the Consolidated Financial Statements as of December 31, 2017 are detailed below. Corporate Tax Rate Change - For the year ended December 31, 2017, the Company recorded an income tax benefit of $4.6 million due to the decrease in the corporate tax rate from 35% to 21% . The income tax benefit resulted from reducing net deferred tax liabilities to the new lower rate. There was no impact on the Consolidated Financial Statements as a result of revaluing the Company’s U.S. deferred tax assets as the income tax expense was offset by an income tax benefit for revaluing the associated valuation allowances. Elimination of Alternative Minimum Tax ("AMT") - For the year ended December 31, 2017, the Company recorded an income tax benefit of $6.7 million due to the elimination of the AMT. The Company reversed valuation allowances recorded against its AMT credit carryovers as provided in the rate reconciliation above. The Company expects to receive $3.2 million in refunds of AMT credit carryovers during 2019 with an additional $3.2 million in refunds to be received between 2020 and 2022. Mandatory Transition Tax - For the year ended December 31, 2017, the Company recorded a provisional transition tax of $6.5 million . For the year ended December 31, 2018, the Company recognized an additional transition tax of $4.0 million . The Company utilized existing U.S. net operating loss carryovers in lieu of paying the transition tax over the next eight years. The additional transition tax had no impact on the Consolidated Financial Statements as the income tax expense of utilizing U.S. net operating losses was offset by the release of related valuation allowances. Global Intangible Low-Taxed Income ("GILTI") - The GILTI provisions of the Tax Act also require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The Company expects that it will have incremental U.S. taxable income as a result of the GILTI provisions beginning in 2018. The FASB states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. The Company has elected to recognize tax expense related to GILTI in the period incurred. For the year ended December 31, 2018 , the Company recognized $23.4 million in GILTI income in determining its estimated U.S. taxable income. The recognition of this GILTI income during the year ended December 31, 2018 had no impact on the Consolidated Financial Statements as the income tax expense of utilizing U.S. net operating losses was offset by the release of related valuation allowances. The FASB states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. The Company elects to recognize tax expense related to GILTI in the year it is incurred. Undistributed Foreign Earnings - For the year ended December 31, 2017, the Company recorded a provisional charge of $2.4 million related to additional foreign withholding taxes on potential repatriations of historical foreign earnings. As a result of an updated analysis of future cash needs in the U.S. and opportunities for investment outside the U.S., the Company asserts that all foreign earnings will be indefinitely reinvested with the exception of certain foreign investments in which earnings and cash generation are in excess of local needs. With passage of the Tax Act, the Company's deferral of recognition of its previously earned foreign earnings ceased. Deferred tax liabilities recorded represent withholding taxes on accumulated foreign earnings for which the Company does not intend to permanently invest. The Company will continue to monitor its assertion related to investment of foreign earnings. As of December 31, 2018 , the Company has provided $7.8 million of deferred tax liabilities for withholding taxes on planned repatriations of foreign earnings. Uncertain Tax Positions The Company recorded a liability of $14.2 million and $11.0 million for uncertain tax positions as of December 31, 2018 and 2017 , respectively, of which, $9.5 million and $9.7 million would impact the effective tax rate, net of valuation allowance, respectively. In the fourth quarter of 2018, the Company recorded an uncertain tax position of $3.4 million related to the Tax Act. There was no impact to the Company's Consolidated Financial Statements as the expense for the decrease in the U.S. net operating loss was offset by a corresponding decrease in the related valuation allowance. In July 2017, the Company received approval for a tax-neutral amalgamation of two of its subsidiaries in India, effective March 1, 2017. The Company’s position is that the amalgamation resulted in approximately $21.7 million of tax basis in goodwill which is amortizable for Indian statutory purposes. The Company has recorded an uncertain tax position of $7.1 million and $7.5 million for the Indian income tax effects of this position as it does not meet the more-likely-than-not recognition threshold under U.S. GAAP as of December 31, 2018 and 2017, respectively. The statute of limitations for tax positions in India is seven years. From a combination of statute expirations and audit settlements in the next twelve months, the Company expects a $0.8 million decrease in the amount of unrecognized tax benefits. For the remaining balance as of December 31, 2018 , it is reasonably possible there could be material changes to the amount of uncertain tax positions due to activities of the taxing authorities, settlement of audit issues and reassessment of existing uncertain tax positions. However, the Company is not able to estimate the impact of these items at this time. During the year ended December 31, 2016, an agreement was reached with the tax authority in one of the Company's foreign jurisdictions. Based upon the settlement, the Company concluded that a previously unrecognized tax benefit met the effective settlement criteria within ASC 740. This settlement resulted in a $15.7 million reduction of the Company's unrecognized tax benefits and corresponding deferred tax assets during the third quarter of 2016; thus, the settlement had no impact on the Company's Consolidated Statements of Operations. The Company’s policy is to recognize interest and penalties associated with unrecognized tax benefits within income tax expense within the Consolidated Statements of Operations. The Company recognized a $0.3 million liability for interest and penalties as of December 31, 2018 . The Company had no liability recognized for interest and penalties at December 31, 2017 . The reconciliation of the beginning and ending total amounts of unrecognized tax benefits (exclusive of interest and penalties) is as follows: Year Ended December 31, 2018 2017 2016 (in millions) Balance as of beginning of year $ 11.0 $ 3.2 $ 18.1 Additions for tax positions of prior years 2.6 — — Additions for tax positions of current year 0.6 7.9 0.8 Reductions due to lapse of statutes and settlements — (0.1 ) (15.7 ) Balance as of the end of year $ 14.2 $ 11.0 $ 3.2 The following tax years remain subject to examinations by major tax jurisdictions: Tax Years Tax Jurisdiction: United States 2015 - current Germany 2012 - current China 2015 - current The Netherlands 2015 - current Canada 2014 - current India 2015 - current

Debt

Debt	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt Debt for the Company consists of the following: December 31, 2018 December 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Net Principal Unamortized Discount and Debt Issuance Costs Net (in millions) Senior secured term loan facility due September 2023 $ 837.5 $ 8.7 $ 828.8 $ 937.5 $ 11.9 $ 925.6 Borrowings under other lines of credit 5.8 — 5.8 7.4 — 7.4 Capital lease obligations and other 0.3 — 0.3 0.2 — 0.2 843.6 8.7 834.9 945.1 11.9 933.2 Less current portion (5.9 ) — (5.9 ) (16.9 ) (0.1 ) (16.8 ) $ 837.7 $ 8.7 $ 829.0 $ 928.2 $ 11.8 $ 916.4 2017 Term Loan Facility On February 15, 2017, Milacron LLC, a wholly-owned subsidiary of the Company, entered into a new $947.0 million senior secured term loan facility with a maturity date of September 28, 2023 (the "2017 Term Loan Facility") pursuant to an amendment of the Company's $730.0 million senior secured term loan facility due September 2020 (the "New Term Loan Facility"). The net proceeds from the 2017 Term Loan Facility, together with cash on-hand, were used to redeem in full $464.4 million aggregate principal amount outstanding of the Company's 7.75% senior unsecured notes due 2021 (the "Senior Unsecured Notes"), repay in full $482.0 million aggregate principal amount outstanding under the Company's New Term Loan Facility and pay fees and expenses associated with these transactions. The 2017 Term Loan Facility was priced at 99.625% of the principal amount and bears interest at a rate per annum equal to an applicable margin or applicable rate plus, at the Company's option, either (a) a base rate determined by the reference to the highest of (1) the prime commercial lending rate publicly announced by the administrative agent of the 2017 Term Loan Facility as the “prime rate” as in effect on such day, (2) the federal funds effective rate plus 0.50% , and (3) the LIBOR rate determined by reference to the cost of funds for Eurodollar deposits for an interest period of one month, plus 1.00% or (b) a LIBOR rate (which shall be no less than 0.00% ) determined by reference to the costs of funds for Eurodollar deposits for the specified interest period, as adjusted for certain statutory reserve requirements. The applicable margins for borrowings are (i) 2.00% with respect to base rate borrowings and 3.00% with respect to LIBOR borrowings, subject to compliance with a total net leverage ratio of greater than 3.50 to 1.00 and (ii) 1.75% with respect to base rate borrowings and 2.75% with respect to LIBOR borrowings, subject to compliance with a total net leverage ratio not to exceed 3.50 to 1.00 . In connection with these transactions, the Company recognized a $25.2 million loss on the early extinguishment of debt. The loss on debt extinguishment includes an $18.0 million premium paid to redeem the Senior Unsecured Notes and the write-off of $7.2 million of deferred financing costs and debt discount associated with the Senior Unsecured Notes and the New Term Loan Facility. On November 8, 2017, the Company re-priced the 2017 Term Loan Facility. The applicable margins for borrowings are now (i) 1.75% with respect to base rate borrowings and 2.75% with respect to LIBOR borrowings, subject to compliance with a total net leverage ratio of greater than 3.50 to 1.00 and (ii) 1.50% with respect to base rate borrowings and 2.50% with respect to LIBOR borrowings, subject to compliance with a total net leverage ratio not to exceed 3.50 to 1.00 . No other terms of the facility were changed. The Company capitalized $4.6 million of deferred financing costs related to the issuance of the 2017 Term Loan Facility which are being amortized over the term of the loan using the effective interest rate method. The Company also capitalized an additional $0.8 million of deferred financing costs in relation to the re-pricing of the 2017 Term Loan Facility in November 2017. Deferred financing costs associated with the 2017 Term Loan Facility are netted against long-term debt in the accompanying Consolidated Balance Sheets and the related amortization expense is included in interest expense, net in the accompanying Consolidated Statements of Operations. During 2018, the Company made voluntary principal payments totaling $100.0 million on the 2017 Term Loan Facility. As a result of these transactions, the Company recognized a loss on debt extinguishment of $1.2 million for the year ended December 31, 2018 related to the write-off of deferred financing costs associated with the 2017 Term loan Facility. The Company was in compliance with all applicable covenants as of and for the years ended December 31, 2018 and 2017 . New Term Loan Facility On May 14, 2015 , the Company entered into the $730.0 million New Term Loan Facility, pursuant to a term loan agreement, among Milacron Holdings Corp., Milacron LLC, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The New Term Loan Facility was set to mature on September 28, 2020 . On February 15, 2017, the entire $482.0 million aggregate principle balance outstanding under the New Term Loan Facility was repaid. Senior Unsecured Notes On March 28, 2013, Milacron LLC and Mcron Financial Corp. issued $465.0 million aggregate principal amount of 7.75% Senior Unsecured Notes pursuant to an indenture, dated as of March 28, 2013. In March 2016, the Company repurchased approximately $0.6 million of the Company's Senior Unsecured Notes on the open market at a discount to par. On February 15, 2017, the Company redeemed in the full the $464.4 million aggregate principal amount outstanding of the Senior Unsecured Notes. ABL Facility On April 30, 2012, Milacron Holdings Corp., Milacron LLC and certain subsidiaries entered into a new senior secured asset-based revolving credit facility (the "ABL Facility"). The ABL Facility has a five-year term, bears interest at a floating rate and provides for an aggregate principal amount of $60.0 million of loans thereunder, subject to a borrowing base and other limitations. The Company has the right at any time to request up to $20.0 million of additional commitments. The existing lenders under the ABL Facility are not under any obligation to provide such additional commitments, and any increase in commitments is subject to customary conditions. The obligations under the ABL Facility are secured, subject to certain exceptions, by substantially all of the assets of the borrowers and the assets of the guarantors under such facility. In addition, the ABL Facility includes certain customary negative covenants that, subject to exceptions, limit the ability of Milacron Holdings Corp. to incur additional indebtedness, pay dividends or certain other distributions on its capital stock, repurchase its capital stock, prepay subordinated indebtedness, incur liens on assets, make certain investments or other restricted payments, engage in transactions with affiliates, sell certain assets, merge or consolidate with or into other companies and alter the business that it conducts. On March 28, 2013, the ABL Facility was amended to increase the maximum borrowings under the U.S. sub-facility from $60.0 million to $70.0 million and to allow for additional borrowings of up to $30.0 million under a Canadian sub-facility, subject to a borrowing base and other limitations. The covenants and other terms of the ABL Facility were not significantly changed. As a result of this modification, an additional $1.1 million of related costs were deferred and are being amortized over the term of the amended agreement. On March 17, 2014, the Company exercised its right to increase the U.S. sub-facility of the ABL Facility by $10.0 million to $80.0 million and decrease the Canadian sub-facility by $10.0 million to $20.0 million . The covenants and other terms of the program were not changed. On October 17, 2014, the ABL Facility was amended to add a $25.0 million German sub-facility and the term was reset to five years from the date of the amendment. The covenants and other terms of the ABL Facility were not materially changed. As a result of this modification, an additional $1.3 million of related costs were deferred and are being amortized over the term of the amended agreement. On May 14, 2015, the Company amended and restated the credit agreement governing the ABL Facility to conform certain terms in the credit agreement governing the ABL Facility to the terms contained in the credit agreement governing the New Term Loan Facility. On April 27, 2018, the ABL Facility was amended and restated to reduce each of the applicable margins in determining the interest rates on loans by 0.50% per annum, reduce the unused line fee by 0.125% per annum, extend the maturity date to April 2023 and reallocate $5.0 million of availability under the ABL Facility from the German sub-facility to the U.S. sub-facility. The covenants and other terms of the ABL Facility were not significantly changed. As a result of this modification, an additional $0.8 million of related costs were deferred and are being amortized over the term of the amended agreement. Deferred financing costs associated with the ABL Facility are recorded in other noncurrent assets in the accompanying Consolidated Balance Sheets and the related amortization expense is included in interest expense, net in the accompanying Consolidated Statements of Operations. At December 31, 2018 , $33.2 million of the ABL Facility was utilized, all of which represent letters of credit, with $47.4 million available under the facility. At December 31, 2017 , $27.6 million of the ABL Facility was utilized, all of which represent letters of credit, with $59.4 million available under the facility. The Company is in compliance with all covenants as of and for the years ended December 31, 2018 and 2017 . Other Borrowings The Company has other lines of credit and capital lease arrangements with various U.S. and non-U.S. banks totaling approximately $20.0 million and $23.2 million at December 31, 2018 and 2017 , respectively. These credit facilities support letters of credit, guarantees and leases in addition to providing borrowings under varying terms. At December 31, 2018 , $8.9 million was outstanding with $6.1 million representing borrowings and $2.8 million representing letters of credit and bank guarantees. At December 31, 2017 , $10.1 million was outstanding with $7.6 million representing borrowings and $2.5 million representing letters of credit and bank guarantees. Approximately $11.1 million and $13.1 million were available to the Company under certain conditions under these lines at December 31, 2018 and 2017 , respectively. The weighted-average interest rate on short-term borrowings was 5.44% at December 31, 2018 and 5.15% at December 31, 2017 . As of December 31, 2018 , future minimum payments of the Company’s debt and capital lease arrangements are as follows (in millions): 2019 $ 0.1 2020 0.1 2021 0.1 2022 — 2023 837.5 At December 31, 2018 , based on Level 2 inputs such as quoted market prices, the fair value of the 2017 Term Loan Facility was approximately $789.3 million . The carrying amount of the Company’s other debt approximates fair value.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Savings Plans The Company sponsors a defined contribution plan (the "401(k) Plan") for eligible U.S. employees. The provisions of the 401(k) Plan allow eligible employees to contribute a percentage of their compensation, not to exceed the limits established by federal income tax law and employees are immediately vested in their voluntary contributions. The Company’s contributions to the 401(k) Plan are based on matching a portion of the employee contributions and employees become vested in the Company contributions once they attain one year of credited service. The Company also maintains defined contribution plans for eligible employees at certain of its foreign subsidiaries. Employees are immediately vested in both their voluntary and company matching contributions. The Company recorded expense of $3.6 million , $3.3 million and $3.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Pension Plans The Company sponsors three noncontributory defined benefit pension plans for certain non-U.S. employees and retirees. One plan covers certain employees in the United Kingdom and the other two plans cover certain employees in Germany. Contributions to these plans are expected to approximate benefit payments. Components of net periodic pension cost included in the accompanying Consolidated Statements of Operations were as follows: Year Ended December 31, 2018 2017 2016 (in millions) Service costs $ 0.4 $ 0.4 $ 0.4 Interest cost 0.7 0.7 0.8 Expected return on plan assets (0.3 ) (0.2 ) (0.3 ) Amortization of unrecognized losses 0.5 0.6 0.2 Pension expense $ 1.3 $ 1.5 $ 1.1 The measurement date for all of the Company’s defined benefit pension plans is December 31. The funded status of the plans is as follows: Year Ended December 31, 2018 2017 2016 (in millions) Change in benefit obligation: Projected benefit obligation at beginning of year $ 38.6 $ 34.4 $ 31.6 Service cost 0.4 0.4 0.4 Interest cost 0.7 0.7 0.8 Benefits paid (1.2 ) (1.0 ) (0.8 ) Actuarial (gain) loss (2.0 ) (0.4 ) 5.3 Effect of pension plan curtailment (0.4 ) — — Foreign currency translation adjustments (1.6 ) 4.5 (2.9 ) Projected benefit obligation at end of year $ 34.5 $ 38.6 $ 34.4 Change in plans assets: Fair value of plan assets at beginning of year $ 6.9 $ 5.9 $ 5.7 Employer contributions 0.1 0.2 0.5 Actual return on plan assets (0.2 ) 0.5 1.0 Benefits paid (0.4 ) (0.3 ) (0.1 ) Foreign currency translation adjustments (0.3 ) 0.6 (1.2 ) Fair value of plan assets at end of year $ 6.1 $ 6.9 $ 5.9 Underfunded status $ 28.4 $ 31.7 $ 28.5 Amounts recognized in the Consolidated Balance Sheets consisted of: December 31, 2018 2017 (in millions) Current accrued pension liabilities $ 0.8 $ 0.8 Noncurrent accrued pension liabilities 27.6 30.9 Accumulated other comprehensive loss (5.2 ) (7.2 ) The actuarial loss included in accumulated other comprehensive loss that is expected to be recognized in net periodic pension cost during the fiscal year ended December 31, 2019 is $0.3 million . The accumulated benefit obligation for the defined benefit plans was $34.2 million and $37.7 million at December 31, 2018 and 2017 , respectively. Estimated future benefit payments from the defined benefit plans, including the effects of future service, are as follows (in millions): 2019 $ 1.0 2020 1.1 2021 1.1 2022 1.2 2023 1.2 2024 – 2028 7.1 The following table presents the weighted-average actuarial assumptions used to determine pension cost for the Company’s defined benefit plans: Year Ended December 31, 2018 2017 2016 Discount rate 1.87 % 1.80 % 2.71 % Expected long-term rate of return on plan assets 3.68 % 3.69 % 4.72 % Rate of expected increase in future compensation levels 3.56 % 3.49 % 3.45 % The following table presents the weighted-average actuarial assumptions used to determine the projected benefit obligation for the Company’s defined benefit plans: December 31, 2018 2017 Discount rate 1.94 % 1.75 % Rate of expected increase in future compensation levels 3.50 % 3.43 % Plan assets are held in the United Kingdom plan and in one of the plans in Germany. Plan assets are primarily invested in common/collective trusts which are valued at the net asset value ("NAV") per share or unit multiplied by the number of shares or units held as of the measurement date. The NAV is based on the fair value of the underlying net assets owned by the fund and the NAV’s unit or per share price is quoted on a private market that may not be active. The investment objectives for the plan assets are to generate returns that will enable the plans to meet their future obligations. The Company’s expected long-term rate of return was determined based on the asset mix of the plan, projected returns, past performance and other factors. The following table sets forth the plans assets at fair value as of December 31, 2018 and 2017 : December 31, 2018 2017 (in millions) Investments with fair values measured at net asset value: Common/Collective trusts: Equity $ 2.9 $ 3.4 Corporate and government bonds 3.0 3.3 Cash equivalents and other 0.2 0.2 Total pension assets at fair value $ 6.1 $ 6.9

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity At December 31, 2018 and 2017 , the Company had 50,000,000 authorized preferred shares and 500,000,000 authorized common shares each with a par value of $0.01 . The holders of the common stock are entitled to one vote for each share held of record on all matters submitted to a vote of shareholders. Subject to preferences that may be applicable to any outstanding preferred stock, holders of common stock are entitled to receive ratably such dividends as may be declared from time to time by the Board of Directors. In November 2018, the Company announced its Board of Directors approved a share purchase program, under which the Company may repurchase up to an aggregate amount of $125.0 million of its outstanding equity securities over a two-year period. The timing of share purchases pursuant to the program is dependent upon certain factors, including but not limited to, market conditions and prices, available funds and alternative uses of capital. In December 2018, the Company repurchased 272,662 common shares at an average price of $12.82 for a total cost of $3.5 million . At December 31, 2018 , the Company had 70,726,800 common shares issued and 70,454,138 common shares outstanding. At December 31, 2017 , the Company had 69,644,918 common shares issued and outstanding. At December 31, 2018 and 2017 , no preferred shares were issued or outstanding.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Net Loss Per Share	Net Earnings Per Share The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings from continuing operations per share (EPS) computations: Year Ended December 31, 2018 2017 2016 (in millions, except share and per share amounts) Numerator: Net earnings from continuing operations $ 46.6 $ 7.8 $ 37.0 Denominator: Denominator for basic EPS—weighted-average common shares 69,726,528 68,574,631 67,504,065 Dilutive effect of stock-based compensation arrangements 2,017,119 2,427,276 2,625,997 Denominator for diluted EPS—adjusted weighted-average common shares 71,743,647 71,001,907 70,130,062 Basic EPS from continuing operations $ 0.67 $ 0.11 $ 0.55 Diluted EPS from continuing operations $ 0.65 $ 0.11 $ 0.53 The diluted EPS calculation for the years ended December 31, 2018 , 2017 and 2016 excludes the effect of 1.2 million , 1.6 million and 1.4 million outstanding stock options, respectively, as their effect is anti-dilutive. The diluted EPS calculation for the years ended December 31, 2018 and 2017 excludes the effect of 0.2 million and 0.1 million performance stock units, respectively, as the performance criteria had not yet been achieved. Holders of non-vested stock-based compensation awards do not have voting rights or rights to receive nonforfeitable dividends on the shares covered by the awards.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation In June 2015, the Company's Board of Directors adopted the 2015 Equity Incentive Plan which became effective upon the pricing of the Company's initial public offering ("IPO"). The 2015 Equity Incentive Plan allows for the granting of stock options, stock appreciation rights ("SARs"), restricted stock awards, restricted stock units and other awards convertible into or otherwise based on shares of the Company's common stock. In April 2018, the Company's shareholders approved an amendment to the 2015 Equity Incentive Plan (collectively, the "2015 Plan") which increased the number of shares reserved under the 2015 Plan by 4,075,000 . All stock-based awards granted post-IPO are granted under the 2015 Plan. The Company also sponsors an equity incentive plan (the "2012 Plan") which provides for the granting of similar awards. All awards granted under the 2012 Plan, with the exception of an insignificant number of options granted to certain non-employee directors vested upon the Company's IPO or shortly thereafter. Stock Options Stock options, valued using a closed form option-pricing model, granted by the Company vest in equal annual increments over four years . The models utilized to value the stock options granted require the input of certain subjective assumptions, including (a) the expected stock price volatility, (b) the calculation of expected term of the award, (c) the risk-free interest rate and (d) expected dividends. Due to the lack of company-specific historical and implied volatility data, the Company has based its estimate of expected volatility on the historical volatility of a group of similar companies that are publicly traded. The historical volatility is calculated based on a period of time commensurate with the expected term assumption. The computation of expected volatility is based on the historical volatility of a representative group of companies with similar characteristics to the Company. The Company believes the group selected has sufficient similar economic and industry characteristics, and includes companies that are most representative of the Company. The Company uses the simplified method as prescribed by the SEC Staff Accounting Bulletin No. 107, Share-Based Payment, to calculate the expected term for the stock options granted to employees as it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the stock options. The expected dividend yield is assumed to be zero as the Company has no current plans to pay any dividends on its common stock. There were no stock options granted during the year ended December 31, 2018. The key assumptions utilized in determining the fair value of the stock options granted during the years ended December 31, 2017 and 2016 are as follows for the various tranches: Time-Based Options Year Ended December 31, 2017 2016 Assumptions: Expected term (years) 6.25 6.25 Expected volatility 39.50% 42.00% Risk-free interest rate 2.17% 1.59% Expected dividend yield —% —% For the stock option grants made during the years ended December 31, 2017 and 2016, the weighted-average strike price was $18.42 and $17.71 , respectively. Additionally, all awards granted for the years presented expire ten years from the grant date. The total fair value of the time-based stock options granted is being recognized into compensation expense over the requisite service period. For the years ended December 31, 2018 , 2017 and 2016 , compensation expense related to time-based options was $2.5 million , $3.4 million , and $3.5 million , respectively. At December 31, 2018 , the time-based stock options had unrecognized compensation expense related to nonvested options of $2.2 million which is expected to be recognized over a weighted-average remaining period of 1.6 years . Approximately $1.5 million is expected to be recognized into compensation expense in 2019 related to the time-based awards. The following tables present combined stock option information under the 2012 Plan and the 2015 Plan as of and for the year ended December 31, 2018 : Outstanding Exercisable Exercise Price Options Weighted- Average Remaining Contractual Term (In years) Weighted- Average Exercise Price Options Weighted- Average Exercise Price $6.64 2,536,104 4.1 $ 6.64 2,512,122 $ 6.64 $16.00 - $20.00 1,128,920 6.5 19.52 736,324 19.81 Total 3,665,024 4.8 $ 10.61 3,248,446 $ 9.63 Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (In years) Aggregate Intrinsic Value (In millions) Outstanding at December 31, 2017 4,670,897 $ 10.76 Exercised (725,816 ) 8.34 Expired (74,390 ) 19.41 Forfeited (205,667 ) 18.87 Outstanding at December 31, 2018 3,665,024 $ 10.61 4.8 $ 13.3 Exercisable at December 31, 2018 3,248,446 $ 9.63 4.5 $ 13.2 The Company received cash proceeds from the exercise of stock options of $6.1 million , $5.3 million and $7.0 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. The total intrinsic value (the amount by which the stock price exceeds the exercise price of the option on the date of exercise) of the stock options exercised during the years ended December 31, 2018 , 2017 and 2016 was $8.8 million , $8.7 million and $10.0 million , respectively. At December 31, 2018 , there were 2,439,170 time-based stock options outstanding and the weighted-average grant-date fair value of time-based stock options granted during the years ended December 31, 2017 and 2016 was $7.75 and $7.62 , respectively. At December 31, 2018 , there were 1,225,854 performance-based stock options outstanding. Stock Appreciation Rights At December 31, 2018 , there were 96,836 time-based SARs and 110,944 performance-based SARs vested and outstanding related to the 2012 Plan and 35,475 time-based SARs outstanding and 26,604 time-based SARs vested related to the 2015 Plan. The SARs granted under the 2012 Plan and 2015 Plan have strike prices of $6.64 and $20.00 per share, respectively, vest in equal increments over four years , will expire ten years from the date of grant and will only be settled in cash. At December 31, 2018 , there was a liability balance of $1.2 million related to all SARs, which is reported in accrued salaries, wages and other compensation in the Company's Consolidated Balance Sheets. For the year ended December 31, 2018 , the Company recorded a $1.8 million benefit related to SARs as a result of the reduction in the fair value of the SARs. For the years ended December 31, 2017 and 2016 , the Company recorded compensation expense of $0.6 million and $1.8 million , respectively, related to SARs. Restricted Stock Awards In 2016, 180,571 shares of restricted common stock were granted with a weighted-average fair value of $15.86 per share that vest at the end of three years . In 2017 , 435,824 shares of restricted common stock were granted with a weighted-average fair value of $18.14 per share that vest in equal increments over three years in tranches. In 2018, 368,436 shares of restricted common stock were granted with a weighted-average fair value of $20.82 , of which, 28,372 shares vest in equal increments over two years in tranches and 340,064 shares vest in equal increments over three years in tranches. During the years ended December 31, 2018 , 2017 and 2016 , 149,026 , 98,091 and 68,650 shares of restricted stock were forfeited, respectively. At December 31, 2018 , there were 592,108 restricted stock awards outstanding and there is unrecognized compensation expense of $7.6 million associated with these awards which is expected to be recognized over a weighted-average period of 1.9 years . For the years ended December 31, 2018 , 2017 and 2016 , the Company recorded compensation expense of $4.6 million , $3.1 million and $1.4 million , respectively, and approximately $4.2 million is expected to be recognized into compensation expense in 2019 . Restricted Stock Units In 2016 , 29,274 restricted stock units were granted with a fair value of $14.69 per share and vested one year from the date of grant. In 2017 , 340,395 restricted stock units were granted with 33,051 vesting seven months from the grant date, 23,384 vesting one year from the date of grant and 283,960 vesting in equal increments over three years in tranches. In 2018 , 243,895 restricted stock units were granted with 66,925 vesting one year from the date of grant, 14,400 vesting in equal increments over two years in tranches, 157,024 vesting in equal increments over three years in tranches and 5,546 vesting three years from the date of grant. The restricted stock units granted in 2018 and 2017 had a weighted-average fair value of $20.75 and $18.22 per share, respectively. During the years ended December 31, 2018 and 2017 , 34,431 and 4,072 restricted stock units were forfeited, respectively. At December 31, 2018 , there were 396,746 restricted stock units outstanding and there is unrecognized compensation expense of $4.0 million associated with these awards which is expected to be recognized over a weighted-average period of 1.8 years . For the years ended December 31, 2018 , 2017 and 2016 , the Company recorded compensation expense of $3.6 million , $2.0 million and $0.4 million , respectively, and approximately $2.4 million is expected to be recognized into compensation expense in 2019 . Performance Stock Units In 2018 and 2017 , the Company granted 140,535 and 87,202 performance stock units, respectively, with fair values of $20.92 and $18.42 per share, respectively. The performance stock units granted in 2017 contain a three-year performance period with a performance target based on return on invested capital and possible payouts ranging from 50% to 200% of the target awards. The performance stock units granted in 2018 contain a three-year performance period with performance targets based on adjusted EBITDA margin and free cash flow conversion and possible payouts ranging from 50% to 200% of the target awards. During the year ended December 31, 2018 , 20,901 performance stock units were forfeited. The Company recorded compensation expense of $1.2 million and $0.4 million for the years ended December 31, 2018 and 2017 , respectively, and approximately $1.5 million is expected to be recognized into compensation expense in 2019 . At December 31, 2018 , there were 206,836 performance stock units outstanding with a total of $2.5 million of unrecognized expense which is expected to be recognized over a weighted-average period of 1.8 years .

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments In the normal course of business, including the purchasing of materials and selling of products, the Company is exposed to certain risks related to fluctuations in foreign currency exchange rates. The Company uses foreign currency forward contracts to manage risks from these market fluctuations. The Company is also exposed to certain risks related to fluctuations in interest rates and uses interest rate swaps to manage risk from these market fluctuations. The counterparties to these financial instruments are financial institutions with strong credit ratings. The Company maintains control over the size of positions entered into with any one counterparty and monitors the credit ratings of these institutions. Foreign Currency Forward Contracts The Company regularly hedges its risk relative to fluctuations in the Canadian dollar, Euro and Japanese yen for forecasted cash outflows denominated in these currencies. The Company had no notional amounts of foreign currency forward exchange contracts denominated in these currencies outstanding at December 31, 2018 and $0.3 million at December 31, 2017 . The Company’s derivative instruments discussed above are designated as cash flow hedges and the fair value of these derivative instruments was insignificant at December 31, 2017 . The Company also enters into derivative instruments (forwards) to economically hedge the impact of fluctuations in the Indian rupee. During the year ended December 31, 2018, the Company recognized a gain of $0.2 million related to the changes in fair value of these derivative instruments not designated as hedges. These gains and losses are recognized immediately within the Company's Consolidated Statements of Operations and are classified within loss (gain) on currency translation. The fair value of these derivative instruments not designated as hedges at December 31, 2018 was $0.3 million and is included in prepaid and other current assets in the Company's Consolidated Balance Sheets. Interest Rate Swap Agreements The Company is exposed to changes in interest rates on its variable rate debt. In order to manage this risk, on February 16, 2017, Milacron LLC, a wholly-owned subsidiary of the Company, entered into two interest rate swap transactions effective for a four-year period beginning January 31, 2018 with a total notional amount of $400.0 million . The interest rate swaps are intended to manage the Company's interest rate risk by fixing the interest rate on a portion of the Company's debt outstanding under the 2017 Term Loan Facility that was previously subject to a floating interest rate equal to 1-month LIBOR plus a credit spread. The swaps provide for the Company to pay a fixed rate of 2.062% per annum on such portion of the outstanding debt in exchange for receiving a variable interest rate based on 1-month LIBOR. The effect is a synthetically fixed rate of 2.062% plus the loan spread for the term and debt hedged. The Company designated these interest rate swaps as cash flow hedges of floating rate borrowings and expects the hedge to be highly effective in offsetting fluctuations in the designated interest payments resulting from changes in the benchmark interest rate. The gains and losses on the designated interest rate swaps will offset losses and gains on the transactions being hedged. The fair value of the interest rate swaps is calculated by taking into consideration current interest rates and the current creditworthiness of the counterparties or the Company, as applicable. The effective portion of changes in the fair value of the interest rate swaps is reflected as a component of accumulated other comprehensive income (loss) and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of the future cash flows of the hedge item, if any (i.e. the ineffective portion), is recognized as interest expense, net during the current period. During the year ended December 31, 2017, the Company recorded $0.2 million of hedge ineffectiveness in earnings. Cross-Currency Interest Rate Swap In November 2018, the Company entered into a cross-currency interest rate swap agreement that will mature on September 28, 2023, with an aggregate notional amount of $85.8 million to manage foreign currency risk by effectively converting a portion of the Company's variable rate U.S. dollar-denominated debt, including the monthly interest rates thereunder, to fixed rate Euro-denominated debt of €75.0 million . This cross-currency interest rate swap agreement is designated as a hedge of a portion of our net investment in Euro-denominated foreign operations to reduce foreign currency risk associated with the investment in these operations. Changes in the value of these items resulting from fluctuations in the underlying exchange rates to U.S. dollar exchange rates are recorded as foreign currency translation adjustments within accumulated other comprehensive income (loss). The following table provides the effect of the Company’s foreign currency forward contracts, interest rate swaps and cross-currency interest rate swaps designated as cash flow hedges on the Company’s Consolidated Financial Statements for the years ended December 31, 2018 , 2017 and 2016 : Type of instrument: Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (in millions) 2018 Foreign exchange contract $ 0.8 $ 0.6 Interest rate swaps $ 3.5 $ (0.2 ) Cross-currency interest rate swaps $ (0.3 ) $ 0.3 2017: Foreign exchange contract $ (0.5 ) $ (1.1 ) Interest rate swaps $ 0.4 $ — 2016: Foreign exchange contract $ 0.5 $ 1.1 All gains (losses) that are reclassified from accumulated other comprehensive income (loss) into income (effective portion) are classified in loss (gain) on currency translation or cost of sales within the Company's Consolidated Statements of Operations. The gains (losses) recognized related to the ineffective portion of the derivative instruments were immaterial for all periods presented. During the year ended December 31, 2018 , the Company recorded a net gain of $0.6 million related to the settlement of forward exchange contracts which were designated as cash flow hedges. During the year ended December 31, 2017 , the Company recorded net loss of $1.1 million related to the settlement of forward exchange contracts which were designated as cash flow hedges. During the year ended December 31, 2016, the Company recorded a net gain $1.1 million related to the settlement of forward exchange contracts which were designated as cash flow hedges. The Company estimates fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: • Level 1–Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2–Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial statements. • Level 3–Valuation is based upon other unobservable inputs that are significant to the fair value measurements. The classification of fair value measurements within the established three-level hierarchy is based upon the lowest level of input that is significant to that measurement. The fair values of the Company’s derivative instruments were measured using valuations based upon quoted prices for similar assets and liabilities in active markets (Level 2) and are valued by reference to similar financial instruments, adjusted for terms specific to the contracts. There were no transfers between the three levels of the fair value hierarchy during any period presented. The derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) December 31, 2018 Interest rate swaps (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Cross-currency interest rate swap (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Interest rate swaps (asset position) Other noncurrent assets $ 2.5 $ — $ 2.5 $ — Cross-currency interest rate swaps (liability position) Other current liabilities $ 0.3 $ — $ 0.3 $ — Cross-currency interest rate swaps (liability position) Other noncurrent accrued liabilities $ 0.6 $ — $ 0.6 $ — December 31, 2017 Interest rate swaps (asset position) Other noncurrent assets $ 1.7 $ — $ 1.7 $ — Interest rate swaps (liability position) Other current liabilities $ 1.0 $ — $ 1.0 $ —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss: Foreign Currency Translation Unrecognized Pension Plan Losses Derivative Financial Instruments Total (in millions) Balance at December 31, 2015 $ (104.5 ) $ (4.6 ) $ — $ (109.1 ) Other comprehensive (loss) income before reclassifications (45.5 ) (2.9 ) 0.5 (47.9 ) Amounts reclassified from accumulated other comprehensive income (loss) — 0.2 (1.1 ) (0.9 ) Other comprehensive (loss) income (45.5 ) (2.7 ) (0.6 ) (48.8 ) Balance at December 31, 2016 (150.0 ) (7.3 ) (0.6 ) (157.9 ) Other comprehensive (loss) income before reclassifications 71.7 (0.5 ) (0.2 ) 71.0 Amounts reclassified from accumulated other comprehensive income (loss) — 0.6 0.9 1.5 Other comprehensive income 71.7 0.1 0.7 72.5 Balance at December 31, 2017 (78.3 ) (7.2 ) 0.1 (85.4 ) Other comprehensive income (loss) before reclassifications (54.2 ) 1.2 3.2 (49.8 ) Amounts reclassified from accumulated other comprehensive income (loss) — 0.8 (0.5 ) 0.3 Other comprehensive (loss) income (54.2 ) 2.0 2.7 (49.5 ) Balance at December 31, 2018 $ (132.5 ) $ (5.2 ) $ 2.8 $ (134.9 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss during the years ended December 31, 2018 , 2017 and 2016 : Classification Year Ended December 31, of Expense 2018 2017 2016 (in millions) Unrealized pension plan obligations: Adjustment of pension plan obligations (a) $ (0.9 ) $ (0.7 ) $ (0.2 ) Tax benefit (c) 0.1 0.1 — Adjustment of pension plan obligations, net of tax (0.8 ) (0.6 ) (0.2 ) Derivative financial instruments: Gain (loss) on derivative financial instruments (b) 0.7 (1.1 ) 1.1 Tax benefit (c) (0.2 ) 0.2 — Gain (loss) on derivative financial instruments, net of tax 0.5 (0.9 ) 1.1 Total reclassifications from accumulated other comprehensive income (loss) $ (0.3 ) $ (1.5 ) $ 0.9 (a) Amount is included in the calculation of pension cost within other non-operating expenses in the Company's Consolidated Statements of Operations. (b) Amount is included in cost of sales and loss (gain) on currency translation in the Company's Consolidated Statements of Operations. (c) These amounts are included in income tax expense in the Company's Consolidated Statements of Operations.

Restructuring Reserves

Restructuring Reserves	12 Months Ended
	Dec. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring Reserves	Restructuring Reserves 2017 Actions The Company recorded severance expense of $2.7 million during the year ended December 31, 2017 related to the elimination of certain positions with the Company's Advanced Plastic Processing Technologies and Corporate segments. These amounts are included within other expense, net in the Company's Consolidated Statements of Operations and were paid in cash by the end of 2018. The total remaining liability under these severance-related actions was $1.2 million as of December 31, 2017, and is included in other current liabilities in the Company's Consolidated Balance Sheets. 2016 Actions On September 30, 2016, the Company's wholly-owned subsidiary Ferromatik Milacron GmbH entered into an agreement with its local works council setting forth a restructuring plan related to its manufacturing facility in Malterdingen, Germany whereby certain operational functions will be shifted to the Company's operations in the Czech Republic, U.S. and India. During the first quarter of 2018, the Company identified additional employees to be included within the Company's existing restructuring plan. As a result of these additions, as well as the impact of movements in foreign currency, the Company expects to incur total severance and other related costs of approximately $28.0 million to $29.0 million . Substantially all of these costs will result in future cash expenditures and are expected to be substantially complete by the first quarter of 2019. As the employees are required to render service in order to receive the termination benefits, the associated liability will be recognized ratably over the future service period. During the years ended December 31, 2018, 2017 and 2016, the Company recognized $15.6 million , $8.9 million and $3.3 million of expense, respectively, and these amounts are included within other expense, net in the Company's Consolidated Statements of Operations. The total remaining liability related to this plan was $8.3 million as of December 31, 2018 and $11.1 million as of December 31, 2017. In connection with the Company's organizational redesign initiatives in Europe, the Company has committed to a plan to sell three separate facilities, one located in Malterdingen, Germany, one located in Mechelen, Belgium and one located in Magenta, Italy. As of December 31, 2018, the Malterdingen, Germany facility met the held-for-sale criteria set forth in U.S. GAAP, resulting in the classification of $9.6 million of property and equipment as held-for-sale and is classified within prepaid and other current assets in the Consolidated Balance Sheets. During the year ended December 31, 2017, the Company closed the sale of the Mechelen, Belgium facility and proceeds from the sale were approximately $3.0 million . During the fourth quarter of 2016, the Company determined the Magenta, Italy facility no longer met the held-for-sale criteria as it was no longer probable it would be sold within one year which resulted in $5.5 million being reclassified to property and equipment. The Mechelen, Belgium facility is reported within the Melt Delivery and Control Systems segment and the Malterdingen, Germany and Magenta, Italy facilities are reported within the Advanced Plastic Processing Technologies segment.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is obligated under various non-cancelable operating leases for equipment and facilities, some of which contain renewal options. At December 31, 2018 , future minimum lease commitments under non-cancelable operating leases were approximately $27.1 million with required payments of $8.6 million in 2019 , $5.9 million in 2020 , $4.1 million in 2021 , $3.2 million in 2022 , $2.4 million in 2023 , and $2.9 million thereafter. The Company recorded $11.9 million , $11.5 million and $11.9 million of rent expense for the years ended December 31, 2018 , 2017 and 2016 , respectively. In June 2017, the Company's wholly-owned subsidiary Mold-Masters (2007) Limited completed the sale of two properties ("Properties") in Halton Hills, Ontario, Canada for CAD $14.25 million , or approximately USD $10.7 million , and simultaneously entered into agreements to lease back the Properties. Due to the existence of a prohibited form of continuing involvement, the transactions did not qualify for sale-leaseback accounting and as a result have been accounted for as financing transactions under lease accounting standards. Under the financing method, the assets will remain on the Company's Consolidated Balance Sheets and the proceeds received from the transactions are reported as a financing obligation. The leases have fifteen year terms with a total of approximately CAD $16.7 million , or approximately USD $12.6 million , to be paid over the term of the leases in accordance with the base rent schedule included in the lease agreements. At December 31, 2018, the liability under the financing transactions was $10.1 million which is included in other current liabilities and other noncurrent accrued liabilities in the Consolidated Balance Sheets. In December 2017, the Company completed the sale of certain manufacturing equipment in the Company's Advanced Plastic Processing Technologies segment. The Company received proceeds of $8.0 million in January 2018 from the sale and recorded a loss of $0.4 million during the year ended December 31, 2017. In connection to the sale, the Company simultaneously entered into an agreement to lease back the equipment for a period of six years with a total of approximately $8.0 million to be paid over the term of the lease in accordance with the rent schedule included in the lease agreement. The lease has been classified as an operating lease and the Company has an option to purchase the equipment at the future fair value upon expiration of the lease. The Company is involved in environmental remedial investigations and actions at certain locations where the Company has been designated a potentially liable party. The Company is also from time to time involved in various other loss contingencies, including tax and legal contingencies that arise during the normal course of business. The Company accrues for a loss contingency when it is probable that a liability has been incurred and the amount of such loss can be reasonably estimated. Accruals for estimated losses from environmental remediation obligations are recognized no later than the completion of a remediation feasibility study. The accruals are adjusted as further information becomes available or circumstances change. Environmental costs have not been material at the Company’s sites. At this time, the Company believes that the results of any such contingencies, either individually or in the aggregate, will not have a materially adverse effect on the Company’s results of operations or financial condition. However, the outcome of any litigation cannot be predicted with certainty. An unfavorable resolution of one or more pending matters could have a materially adverse impact on the Company’s results of operations or financial condition in the future.

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company’s operations are principally managed based upon the products that are produced and are comprised of three operating segments, which are the same as the Company’s reportable segments: Advanced Plastic Processing Technologies, Melt Delivery and Control Systems and Fluid Technologies. The factors for determining the Company’s reportable segments include the manner in which management evaluates performance combined with the nature of the individual business activities. The Company evaluates the performance of its segments based on net sales and operating earnings. Operating earnings includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segments. Operating earnings for each segment excludes items that are of a non-operating nature or are of a corporate or functional governance nature. Costs excluded from segment operating earnings include interest expense, income taxes and various corporate expenses such as transaction costs associated with the acquisition of certain businesses, stock-based compensation expense and other separately managed general and administrative costs. The effects of intersegment transactions have been eliminated. The Advanced Plastic Processing Technologies segment is a global leader in the manufacture, distribution and service of equipment and products used in the plastic technology and processing industry, including injection molding and extrusion applications with its principal operations located in the U.S., Germany, Italy, Czech Republic and India. The segment also sells specialty and peripheral equipment for plastic processing as well as replacement parts for machinery products. The Melt Delivery and Control Systems segment, which has major operations in the U.S., Canada, Germany and China, is a global leader in the manufacture of plastic delivery and precision control systems which are recurring, consumable sales for injection molding applications. The Melt Delivery and Control Systems segment sells highly engineered, technically advanced hot runner systems, process control systems, mold bases, mold components, aftermarket parts and related technologies and services for injection molding, as well as MRO supplies for plastic processing operations. The Fluid Technologies segment has major blending facilities in the U.S., The Netherlands and South Korea and is a leading manufacturer of premium coolants, lubricants, process cleaners and corrosion inhibitors that are used in a variety of metalworking industries. The following table summarizes total assets by segment: December 31, December 31, (in millions) Advanced Plastic Processing Technologies $ 482.3 $ 524.8 Melt Delivery and Control Systems 1,030.6 1,104.5 Fluid Technologies 145.3 149.0 Corporate 74.3 80.5 Total assets $ 1,732.5 $ 1,858.8 The following table summarizes long-lived assets by segment: December 31, December 31, (in millions) Advanced Plastic Processing Technologies $ 82.1 $ 96.1 Melt Delivery and Control Systems 109.6 113.3 Fluid Technologies 17.7 17.8 Corporate 6.3 6.2 Total long-lived assets $ 215.7 $ 233.4 The following tables summarize segment information: Year Ended December 31, 2018 2017 2016 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 583.7 $ 594.4 $ 583.6 Melt Delivery and Control Systems 451.7 423.9 389.9 Fluid Technologies 129.3 121.2 112.9 Total net sales to external customers $ 1,164.7 $ 1,139.5 $ 1,086.4 Year Ended December 31, 2018 2017 2016 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 32.1 $ 16.1 $ 42.4 Melt Delivery and Control Systems 95.8 102.5 91.4 Fluid Technologies 24.6 20.7 17.4 Corporate (42.4 ) (45.8 ) (38.1 ) Total operating earnings $ 110.1 $ 93.5 $ 113.1 Capital expenditures: Advanced Plastic Processing Technologies $ 11.5 $ 12.9 $ 25.3 Melt Delivery and Control Systems 15.5 23.0 24.4 Fluid Technologies 2.1 2.1 1.8 Corporate 1.9 0.6 0.7 Total capital expenditures $ 31.0 $ 38.6 $ 52.2 Depreciation and amortization: Advanced Plastic Processing Technologies $ 12.9 $ 14.8 $ 16.3 Melt Delivery and Control Systems 33.4 33.5 33.2 Fluid Technologies 4.4 4.9 5.5 Corporate 1.4 1.1 0.9 Total depreciation and amortization $ 52.1 $ 54.3 $ 55.9 The following tables summarize net sales to external customers and long-lived assets by geographic region: Year Ended December 31, 2018 2017 2016 (in millions) Net sales to external customers: United States $ 491.8 $ 488.7 $ 505.8 China 150.9 139.2 110 India 130.1 114.8 99.1 Rest of World 391.9 396.8 371.5 Total net sales to external customers $ 1,164.7 $ 1,139.5 $ 1,086.4 December 31, December 31, 2017 (in millions) Long-lived assets: United States $ 63.3 $ 63.2 China 48.4 48.1 India 37.9 27.5 Czech Republic 18.7 32.2 Canada 29.0 31.0 Rest of World 18.4 31.4 Total long-lived assets $ 215.7 $ 233.4

Summarized Quarterly Financial

Summarized Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Summarized Quarterly Financial Information (Unaudited)	Summarized Quarterly Financial Information (Unaudited) Earnings per share for each quarter and year are calculated individually and may not sum to the total for the year. 2018 Quarter Ended March 31 June 30 September 30 December 31 Full Year (in millions, except per share data) Net sales $ 288.8 $ 303.6 $ 282.8 $ 289.5 $ 1,164.7 Manufacturing margins $ 99.9 $ 107.0 $ 97.3 $ 84.5 $ 388.7 Operating earnings $ 23.2 $ 35.7 $ 31.8 $ 19.4 $ 110.1 Net earnings from continuing operations $ 6.5 $ 15.9 $ 13.8 $ 10.4 $ 46.6 Net earnings $ 5.9 $ 14.9 $ 14.9 $ 5.8 $ 41.5 Basic EPS: Net earnings from continuing operations $ 0.09 $ 0.23 $ 0.20 $ 0.15 $ 0.67 Net earnings $ 0.09 $ 0.21 $ 0.21 $ 0.08 $ 0.60 Diluted EPS: Net earnings from continuing operations $ 0.09 $ 0.22 $ 0.19 $ 0.15 $ 0.65 Net earnings $ 0.08 $ 0.21 $ 0.21 $ 0.08 $ 0.58 2017 Quarter Ended March 31 June 30 September 30 December 31 Full Year (in millions, except per share data) Net sales $ 259.5 $ 285.6 $ 294.4 $ 300.0 $ 1,139.5 Manufacturing margins $ 89.0 $ 99.9 $ 96.0 $ 82.4 $ 367.3 Operating earnings $ 20.8 $ 29.5 $ 30.8 $ 12.4 $ 93.5 Net (loss) earnings from continuing operations $ (23.7 ) $ 11.2 $ 13.2 $ 7.1 $ 7.8 Net (loss) earnings $ (24.6 ) $ 10.1 $ 12.3 $ 3.3 $ 1.1 Basic EPS: Net (loss) earnings from continuing operations $ (0.35 ) $ 0.16 $ 0.19 $ 0.10 $ 0.11 Net (loss) earnings $ (0.36 ) $ 0.15 $ 0.18 $ 0.05 $ 0.02 Diluted EPS: Net (loss) earnings from continuing operations $ (0.35 ) $ 0.16 $ 0.19 $ 0.10 $ 0.11 Net (loss) earnings $ (0.36 ) $ 0.14 $ 0.17 $ 0.05 $ 0.02

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events On January 31, 2019, the Company's wholly-owned subsidiary Mold-Masters Europa GmbH ("Mold-Masters") entered into an agreement to purchase a manufacturing facility located in Baden-Baden, Germany which was previously leased by the Company. The purchase price was €6.8 million , or approximately $7.8 million . In connection with this transaction, the Company committed to a plan to sell the facility with the intention of entering into a corresponding new lease agreement. On August 1, 2019, the Mold-Masters closed on the sale of a property located in Baden-Baden, Germany for €7.4 million , or approximately $8.2 million . Simultaneously, Mold-Masters entered into an agreement with the buyer to lease the property for fifteen years . On July 1, 2019, the Company completed the sale of substantially all of the Company's blow molding business. The sale was completed pursuant to Purchase Agreement, dated as of May 11, 2019, between the Company and OC Spartan Acquisition, Inc. The sale generated $51.9 million of proceeds and on July 3, 2019, the Company made a $52.0 million principal payment on the 2017 Term Loan Facility. On July 12, 2019, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Hillenbrand, Inc. ("Hillenbrand") and Bengal Delaware Holding Corporation, a wholly-owned subsidiary of Hillenbrand, under which Hillenbrand will acquire the Company in a cash and stock transaction (the "Merger"). Under the terms of the Merger Agreement, at the time the Merger becomes effective (the "Effective Time") each Company common share issued and outstanding immediately prior to the Effective Time will automatically be converted into the right to receive (1) $11.80 in cash, without interest, and (2) 0.1612 shares of Hillenbrand common stock. The closing of the Merger is subject to the adoption of the Merger Agreement by the Company’s shareholders and other customary closing conditions.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II: Valuation and Qualifying Accounts	Schedule II: Valuation and Qualifying Accounts Additions Description Balance at Beginning of Period Charged to Costs and Expenses Acquired Obligations Deductions Balance at End of Period (in millions) Valuation allowance for deferred tax assets: Year Ended December 31, 2018 $ 76.5 $ 6.1 $ — $ (21.6 ) $ 61.0 Year Ended December 31, 2017 76.2 25.1 — (24.8 ) 76.5 Year Ended December 31, 2016 67.6 20.7 — (12.1 ) 76.2

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and include the accounts of the Company, its majority-owned subsidiaries and entities over which the Company has control. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and include the accounts of the Company, its majority-owned subsidiaries and entities over which the Company has control. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities at the reporting date and the amounts of revenue and expenses in the periods presented in the Consolidated Financial Statements. Actual results could differ from these estimates. The Company’s results are affected by economic, political, legislative, regulatory and legal actions. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, governmental fiscal policies and changes in the prices of raw materials, can have a significant effect on estimates recognized.
Foreign Currency	Assets and liabilities of the Company’s non-U.S. operations, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange during the period. Net exchange gains or losses resulting from such translation are included in accumulated other comprehensive loss, a component of shareholders’ equity, and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and the settlement date. Intercompany foreign currency transactions, including intercompany advances, that are not long-term in nature are recorded within loss (gain) on currency translation within the Consolidated Statements of Operations.
Cash and Cash Equivalents	Cash and cash equivalents consist of cash on hand and all highly liquid investments with original maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts receivable consists of amounts owed to the Company through product shipments and services provided and is presented net of an allowance for doubtful accounts. The Company grants credit to its customers in the normal course of business. To reduce credit risk, the Company performs credit investigations prior to accepting new customers and prior to adjusting existing credit limits. The estimate of the allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit loss in the Company’s existing accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based upon an analysis of prior collection experience, specific customer creditworthiness and economic trends within the industries the Company serves. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligation (e.g., bankruptcy filings), the Company records a specific reserve to reduce the receivable to the amount reasonably believed to be collected. When an account is considered uncollectible, it is written off against the allowance for doubtful accounts. During 2017, the Company entered into an accounts receivable factoring agreement to sell certain unsecured receivables in the U.S., without recourse, to an unrelated third-party financial institution. During 2018, the Company entered into an accounts receivable factoring agreement to sell certain unsecured receivables in China, without recourse, to an unrelated third-party financial institution. Under the terms of the agreements, the Company retains no rights or interest and has no obligations with respect to the receivables. As such, the factoring under these arrangements is accounted for as a sale. The Company sold $31.1 million and $5.7 million of receivables during the years ended December 31, 2018 and 2017 , respectively. The receivables sold under these agreements were recorded as a reduction of accounts receivable and proceeds as cash provided by operating activities.
Inventories	Inventories consist of metalworking fluids and chemicals, machinery parts and supplies, and machines and components manufactured or in the process of assembly. Inventories are stated at net realizable value. The principal methods of determining costs are average or standard costs, which approximate the first-in, first-out method.
Debt Issuance Costs	The Company capitalizes costs associated with the issuance of debt and amortizes these costs over the lives of the debt instruments using the effective interest method or the straight-line method based on the terms of the underlying debt instrument. These costs are recorded as debt issuance costs as a direct reduction from the carrying amount of the corresponding debt liability in the accompanying Consolidated Balance Sheets and the related amortization of debt issuance costs is included within interest expense, net within the Consolidated Statements of OperationsUpon the prepayment of the related debt, the Company accelerates the recognition of an appropriate amount of the costs.
Property and Equipment	Expenditures for property and equipment, including amounts related to capital leases, are carried at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. Buildings are generally depreciated over useful lives of 20 to 45 years and machinery and equipment over useful lives of 3 to 12 years . Leasehold improvements are depreciated over the shorter of their estimated useful life or the remaining term of the associated lease. Repairs, betterments, and renewals that extend the life of the asset are capitalized. Other repairs and maintenance expenditures are expensed as incurred.
Goodwill and Other Intangible Assets	Goodwill represents the excess of acquisition cost over the estimated fair value of net assets acquired in business combinations. Intangible assets are recorded at cost, and those intangible assets with finite lives are amortized over their respective estimated useful lives. The Company estimates the useful lives of the intangible assets acquired in business combinations based on information available at the time of acquisition. In establishing the useful lives of acquired customer relationships, the Company considered the buying patterns and length of time that the acquired customers have purchased the Company’s products as well as the estimated future cash flows the Company anticipates to be generated from these customers. For technology, the Company considered the likelihood of competitors creating new competing technologies. For trademarks, the Company considered how well the acquired trademarks are known throughout the industry and are expected to continue to generate positive cash flows in the future. The useful lives of non-compete agreements are equal to the respective agreement terms. The Company performs an annual impairment test on all existing goodwill and other indefinite-lived assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. The Company tested goodwill for impairment based on its identified reporting units. As a result of the adoption of Accounting Standards Update ("ASU") No. 2011-08, Testing Goodwill for Impairment , the Company may first assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for the Company’s products and services, regulatory and political developments, entity-specific factors such as strategies and financial performance, when evaluating the potential for impairment of goodwill. For reporting units in which this assessment is not conclusive that it is more likely than not that the fair value is greater than its carrying value, the Company will determine the estimated fair value of each reporting unit and compare that to its carrying amount. If the estimated fair value of the reporting unit is in excess of the carrying value, the related goodwill is considered not to be impaired. As a result of the adoption of ASU No. 2017-04, Simplifying the Test for Goodwill Impairment , if the carrying amount of the reporting unit exceeds the estimated fair value, the excess of the carrying value of the reporting unit over the estimated fair value of the reporting unit will be recorded as an impairment loss. The Company performed a quantitative impairment test for all reporting units as of October 1, 2018 . The Company’s determination of estimated fair value of each reporting unit was determined using a combination of the market approach and the income approach. Under the market approach, fair value is based on revenue and earnings multiples for guideline public companies in the reporting unit’s peer group. The market approach requires significant judgment regarding the selection of guideline companies. Under the income approach, value is determined based upon the estimate of future positive cash flows to be derived from ownership. The income approach requires significant judgment including estimates about future cash flows and risk-adjusted discount rates. A combination of the methodologies is used and weighted appropriately for each reporting unit. The Company also tests its indefinite-lived intangible assets, consisting of trademarks, for impairment using a “relief-from-royalty” method. Significant assumptions inherent in the methodologies are employed and include such estimates as royalty and discount rates. The Company's annual impairment test of goodwill and indefinite-lived intangible assets resulted in no impairment charge being recognized in 2018 and 2016. In 2017, the annual impairment test resulted in a goodwill impairment charge of $1.4 million . For further information on goodwill and other intangible assets, see Note 4.
Long-Lived Assets	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Examples of events or changes in circumstances could include, but are not limited to, a prolonged economic downturn, current period operating or cash flow losses combined with a history of losses or a forecast of continuing losses associated with the use of an asset group, or a current expectation that an asset group will be sold or disposed of before the end of its previously estimated useful life. Recoverability of long-lived assets is assessed by a comparison of the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset or group of assets. If estimated future undiscounted net cash flows are less than the carrying amount of the asset or group of assets, the asset is considered impaired and a loss is recognized in an amount required to reduce the carrying amount of the asset to its then estimated fair value. Fair value generally is determined from estimated discounted future net cash flows (for assets held for use) or net realizable value (for assets held for sale).
Self-Insurance Reserves	The Company is primarily self-insured for many types of risks, including, but not limited to, general liability, auto liability, product liability, environmental claims and workers’ compensation for most domestic employees. The Company establishes undiscounted reserves for the estimated ultimate cost of all asserted and unasserted claims incurred and is established based on historical experience and known or estimated ultimate exposure. The Company’s exposure, except for certain environmental claims, is limited by excess liability coverage. Workers’ compensation claims in excess of certain limits are insured with commercial carriers. Reserves, gross of expected recoveries, are included in current and noncurrent liabilities. Expected recoveries from excess carriers are included in noncurrent assets.
Employee Benefit Plans	The Company maintains defined contribution plans for its U.S. employees and certain non-U.S. employees. Certain of the Company’s non-U.S. subsidiaries in Germany and the United Kingdom sponsor defined benefit pension plans for certain non-U.S. employees. The Company’s policy is to fund the plans in accordance with applicable laws and regulations and the funded status of the Company’s defined benefit plans is recognized in the Consolidated Balance Sheets. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. For defined benefit pension plans, the benefit obligation is the projected benefit obligation ("PBO"). The PBO represents the actuarial present value of benefits expected to be paid upon retirement based on estimated future compensation levels. The fair value of plan assets represents the current market value of assets. The measurement of the benefit obligation is based on the Company’s estimates and actuarial valuations. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain key assumptions that require significant judgment, including, but not limited to, estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates.
Revenue Recognition and Cost of Sales	Revenue Recognition The Company recognizes revenue under the core principle to depict the transfer of control to the Company's customers in an amount reflecting the consideration the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the performance obligation is satisfied. The Company considers customer purchase orders to be contracts with a customer. For each contract, the Company considers the promise to transfer products, each of which are distinct, to be the identified performance obligations. As the Company's standard payment terms are less than one year, the Company has elected the practical expedient under Accounting Standards Codification ("ASC") 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company's performance obligation is satisfied), which typically occurs at shipment. Appropriate allowances for returns are recorded at the time revenue is recognized. The Company continually evaluates the creditworthiness of its customers and enters into sales contracts only when collection of the sales price is reasonably assured. For sales of plastic processing machinery, customers are generally required to make substantial down payments prior to shipment, which helps to ensure collection of the full price. These down payments are classified within advanced billings and deposits on the Consolidated Balance Sheets. Cost of Sales Costs associated with net sales are recorded in cost of sales. Cost of sales includes the costs of receiving, producing, inspecting, warehousing, insuring, and shipping goods during the period, as well as depreciation and amortization of long-lived assets used in these processes. Cost of sales also includes shipping and handling costs associated with the delivery of goods to customers and costs associated with internal transfers between plant locations.
Advertising Costs	Advertising costs are charged to expense as incurred and include amounts related to participation in trade shows.
Warranty Costs	A reserve for estimated warranty costs is recorded at the time of sale of machinery and parts and these estimates are based on historical warranty claim experience, with subsequent adjustments for ongoing claims exposure. The reserve for estimated warranty costs is included in other current liabilities in the accompanying Consolidated Balance Sheets.
Stock-Based Compensation	The Company accounts for stock-based payment transactions in which the Company receives employee services in exchange for equity instruments of the Company. Stock-based compensation, including grants of stock options and restricted stock, is measured in the Consolidated Statements of Operations based on the grant date fair values of the stock-based awards.
Research and Development	Expenditures for research and development are expensed as incurred and included in selling, general and administrative expense in the accompanying Consolidated Statements of Operations.
Income Taxes	The Company is subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgment in the forecasting of taxable income using historical and projected future operating results is required in determining the Company’s provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable, and deferred taxes including those related to investments in foreign subsidiaries that are not permanent in nature. Under U.S. GAAP, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be settled or realized. Deferred tax assets are also recognized for the estimated future effects of tax loss carryforwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which the enactment dates change. The Company regularly reviews its deferred tax assets for recoverability and establishes a valuation allowance if it is more likely than not that some portion or all of a deferred tax asset will not be realized. The determination as to whether a deferred tax asset will be realized is made on a jurisdictional basis and is based on the evaluation of positive and negative evidence. This evidence includes historical pre-tax and taxable income, projected future taxable income, the expected timing of the reversal of temporary differences and the implementation of tax planning strategies. Projected future taxable income is based on expected results and assumptions as to the jurisdiction in which the income will be earned. The expected timing of the reversals of existing temporary differences is based on current tax law and the Company’s tax methods of accounting. The Company records income tax liabilities for uncertain foreign and domestic tax positions utilizing the prescribed recognition and measurement principles under U.S. GAAP.
Fair Value of Financial Instruments	The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the Consolidated Financial Statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company estimates fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: • Level 1–Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2–Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial statements. • Level 3–Valuation is based upon other unobservable inputs that are significant to the fair value measurements.
Derivative Financial Instruments	The Company’s risk management strategy includes the use of derivative instruments, specifically foreign currency forward exchange contracts, interest rate swaps and cross-currency interest rate swaps, to reduce the effects on its operating results and cash flows from fluctuations caused by volatility in currency exchange rates and interest rates, respectively. The Company recognizes all derivative instruments as either assets or liabilities in the Consolidated Balance Sheets at their respective estimated fair values. The accounting for changes in the fair value (i.e., unrealized gains or losses) of a derivative instrument depends on whether it has been designated, and is highly effective, as a hedge and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, the Company designates the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. Changes in the fair value of derivative instruments that are highly effective and designated as cash flow hedges are reported as a component of other comprehensive income (loss) ("OCI") and reclassified into earnings in the same line-item associated with the forecasted transaction and in the same period during which the hedged transaction impacts earnings.
Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09, as further amended, affects virtually all aspects of an entity’s revenue recognition, including determining the measurement of revenue and the timing of when it is recognized for the transfer of goods or services to customers. ASU 2014-09 was effective for the Company beginning January 1, 2018. The guidance permits two methods of adoption - retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The new standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts. The Company adopted Topic 606 on January 1, 2018, using the modified retrospective method, which did not result in an adjustment to equity. The Company's sales transactions generally consist of a single performance obligation to transfer promised goods or services. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 was effective for the Company beginning January 1, 2017 and the impact of the Company's adoption in 2017 resulted in the following: • The Company recorded $1.1 million of previously unrecognized deferred tax assets that arose from tax deductions for share-based compensation in excess of compensation expense recognized for financial reporting during years when net operating losses were created. A corresponding increase in the valuation allowance was also recorded and, as a result, there was no impact to the Company's Consolidated Statements of Operations. • The Company elected to change its policy on accounting for forfeitures and now will account for forfeitures as they occur. This policy election resulted in a cumulative-effect adjustment to retained earnings of $0.8 million as of January 1, 2017. • The Company will no longer reclassify any excess tax benefits from operating activities to financing activities in the statement of cash flows. The Company elected to apply this change in presentation prospectively and thus prior periods have not been adjusted. • The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of diluted earnings per share for the year ended December 31, 2017. This did not have an impact on our computation of diluted weighted-average common shares outstanding. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15"). ASU 2016-15 clarifies the classification of certain cash receipts and cash payments within the statement of cash flows to reduce diversity in practice. ASU 2016-15 is effective for the Company beginning January 1, 2018 and early adoption is permitted. The Company elected to early adopt ASU 2016-15 as of January 1, 2017 which was required to be adopted retrospectively. As a result, the Company has classified debt extinguishment costs paid as a financing activity within the Company's Consolidated Statements of Cash Flows. In October 2016, the FASB issued ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory ("ASU 2016-16"). Prior to the adoption of ASU 2016-16, the tax effects of intra-entity transfers are deferred until the transferred asset is sold to a third party or otherwise recovered through use. ASU 2016-16 eliminates this deferral for all intra-entity sales of assets other than inventory. ASU 2016-16 is effective for the Company beginning January 1, 2018 with early adoption permitted and the Company elected to early adopt ASU 2016-16 as of January 1, 2017. As a result, the Company recorded a cumulative-effect adjustment to retained earnings of approximately $1.9 million with a corresponding reduction in prepaid tax assets as of January 1, 2017. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01") . ASU 2017-01 adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 is effective for the Company beginning January 1, 2018 with early adoption permitted. The Company elected to early adopt ASU 2017-01 as of January 1, 2017 and the adoption did not have a material impact on the Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 eliminates the two-step process that required identification of potential impairment and a separate measure of the actual impairment. Goodwill impairment charges, if any, would be determined by the difference between a reporting unit's carrying value and its fair value (impairment loss is limited to the carrying value). ASU 2017-04 is effective for annual or any interim goodwill impairment tests beginning after December 15, 2019 with early adoption permitted. The Company elected to early adopt ASU 2017-04 as of January 1, 2017 and the adoption did not have a material impact on the Consolidated Financial Statements. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs ("ASU 2017-07"). ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated statements of operations; however, the other components of net benefit cost are required to be presented outside of operating income within the consolidated statements of operations. ASU 2017-07 is effective for fiscal years beginning after December 31, 2017 and the Company adopted the accounting standard update as of January 1, 2018. The other components of net benefit cost of $0.9 million , $1.1 million and $0.7 million for the years ended December 31, 2018, 2017 and 2016, respectively, are presented in a separate line outside of operations within the Consolidated Statements of Operations. The Company has retrospectively applied the change in accounting principle to all periods presented. The adoption of this standard update had no other effect on the Consolidated Financial Statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging ("ASU 2017-12"), which expands and refines hedge accounting for both financial and non-financial risk components, aligns the recognition and presentation of the effects of hedging instruments and hedge items in the financial statements, and includes certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. ASU 2017-12 is effective for fiscal years beginning after December 15, 2018 with early adoption permitted. The Company elected to early adopt ASU 2017-12 in the fourth quarter of 2018 and the adoption did not have a material impact on the Consolidated Financial Statements. Recently Issued Accounting Pronouncements

Background and Basis of Prese_3

Background and Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and Equipment	Property and equipment consist of the following as of: December 31, 2018 2017 (in millions) Land $ 21.0 $ 26.4 Buildings 89.0 92.3 Machinery and equipment 252.2 242.2 362.2 360.9 Accumulated depreciation (146.5 ) (127.5 ) $ 215.7 $ 233.4
Changes in the Company's Warranty Reserves	The following table summarizes changes in the Company’s warranty reserves: Year Ended December 31, 2018 2017 2016 (in millions) Balance at the beginning of year $ 9.7 $ 8.6 $ 8.2 Warranty expense 11.6 15.1 12.2 Warranty claims paid (12.2 ) (14.6 ) (11.7 ) Foreign currency translation adjustments (0.4 ) 0.6 (0.1 ) Balance at the end of year $ 8.7 $ 9.7 $ 8.6

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Classified as Held for Sale and Consolidation of Captions within Statements of Operations for Loss from Discontinued Operations	The following table presents a consolidation of the captions within the Company's Consolidated Statements of Operations for the loss from discontinued operations attributable to the Company's blow molding business for the years ended December 31, 2018, 2017 and 2016. Year Ended December 31, 2018 2017 2016 (in millions) Loss from discontinued operations attributable to blow molding business Net sales $ 93.5 $ 94.7 $ 80.3 Cost of sales 79.6 80.1 62.9 Selling, general and administrative expenses 15.3 16.9 21.3 Amortization expense 1.8 2.1 2.0 Loss (gain) on currency translation 0.1 (1.6 ) — Other expense, net 0.2 1.6 0.9 Operating loss from discontinued operations (3.5 ) (4.4 ) (6.8 ) Interest expense, net 0.1 — 0.1 Pretax loss from discontinued operations (3.6 ) (4.4 ) (6.9 ) Income tax expense (benefit) 1.5 2.3 (0.4 ) Loss from discontinued operations $ (5.1 ) $ (6.7 ) $ (6.5 ) The assets and liabilities of the Company's blow molding business that have been classified as held for sale in the Consolidated Balance Sheets are comprised of the following: December 31, 2018 2017 (in millions) Accounts receivable, net $ 6.5 $ 7.3 Inventories, net 19.3 17.9 Prepaid and other current assets 1.5 3.2 Current assets held for sale $ 27.3 $ 28.4 Property and equipment, net $ 25.3 $ 27.4 Goodwill 0.6 0.6 Intangible assets, net 1.1 2.5 Noncurrent assets held for sale $ 27.0 $ 30.5 Accounts payable $ 6.1 $ 6.0 Advanced billings and deposits 5.6 10.4 Accrued salaries, wages and other compensation 1.9 2.2 Other current liabilities 1.3 1.4 Current liabilities held for sale $ 14.9 $ 20.0

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information about disaggregated revenue by primary geographical and end markets, and includes a reconciliation of the disaggregated revenue with reportable segments: Year Ended December 31, 2018 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 376.8 $ 142.8 $ 51.8 $ 571.4 Europe 46.8 124.1 50.3 221.2 China 15.7 121.2 14.0 150.9 India 113.7 15.1 1.3 130.1 Other 30.7 48.5 11.9 91.1 Total $ 583.7 $ 451.7 $ 129.3 $ 1,164.7 End markets: Automotive $ 87.9 $ 104.8 $ 29.4 $ 222.1 Packaging 81.1 48.8 0.2 130.1 Consumer goods 77.6 79.4 5.9 162.9 Electronics 44.6 42.5 6.4 93.5 Medical 19.5 32.5 0.8 52.8 Construction 91.3 1.6 — 92.9 Custom molders and other 179.8 — — 179.8 Mold makers and other — 132.1 — 132.1 Job shop and other — — 36.0 36.0 Distributors 1.9 10.0 50.6 62.5 Total $ 583.7 $ 451.7 $ 129.3 $ 1,164.7
Contract with Customer Liability	Significant changes in the contract liabilities balances during the year ended December 31, 2018 are as follows: Year Ended December 31, 2018 (in millions) Balance at beginning of period $ 52.4 Additional advanced billings and deposits received 330.1 Revenue recognized (339.0 ) Foreign currency translation adjustments and other (4.6 ) Balance at end of period $ 38.9

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, by Reportable Segment	The following table summarizes the changes in the Company’s goodwill, by reportable segment, for the years ended December 31, 2018 and 2017 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2016 $ 36.4 $ 424.0 $ 46.9 $ — $ 507.3 Goodwill impairment (1.4 ) — — — (1.4 ) Foreign currency translation adjustments — 28.6 — — 28.6 Balance at December 31, 2017 35.0 452.6 46.9 — 534.5 Foreign currency translation adjustments — (21.3 ) — — (21.3 ) Balance at December 31, 2018 $ 35.0 $ 431.3 $ 46.9 $ — $ 513.2
Intangible Assets, Subject to Amortization	The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 37.2 $ 17.5 $ 19.7 Technology 118.2 46.7 71.5 Customer relationships 218.4 121.3 97.1 Total intangible assets subject to amortization 373.8 185.5 188.3 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 515.4 $ 185.5 $ 329.9
Intangible Assets, Not Subject to Amortization	The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 37.2 $ 17.5 $ 19.7 Technology 118.2 46.7 71.5 Customer relationships 218.4 121.3 97.1 Total intangible assets subject to amortization 373.8 185.5 188.3 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 515.4 $ 185.5 $ 329.9

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The Company’s provision for income taxes consists of the following: Year Ended December 31, 2018 2017 2016 (in millions) Current: United States $ (4.1 ) $ (3.0 ) $ — State and local 0.2 0.3 0.4 Foreign 29.9 26.0 22.8 Total current 26.0 23.3 23.2 Deferred: United States (3.5 ) (10.9 ) 0.5 State and local (0.3 ) 0.1 (0.1 ) Foreign (3.7 ) 2.4 (9.0 ) Total deferred (7.5 ) (8.4 ) (8.6 ) Total income tax expense $ 18.5 $ 14.9 $ 14.6
Earnings (Loss) Before Income Taxes	The following sets forth the amount of earnings (loss) before income taxes: Year Ended December 31, 2018 2017 2016 (in millions) Earnings (loss) before income taxes: United States $ (32.4 ) $ (70.0 ) $ (28.4 ) Rest of the world 97.5 92.7 80.0 $ 65.1 $ 22.7 $ 51.6
Effective Income Tax Rate Reconciliation	The Company’s effective income tax rate differs from the amount calculated using the statutory U.S. federal income tax rate, principally due to the following: Year Ended December 31, 2018 2017 2016 (in millions) Income tax expense computed at U.S. federal statutory rate $ 13.7 $ 7.9 $ 18.0 Foreign withholding tax 5.4 8.3 3.9 State and local income taxes, net of federal benefit (0.3 ) 0.2 0.2 Foreign tax differential 1.9 (11.3 ) (8.6 ) Change in tax rates 0.2 (4.6 ) (1.9 ) Change in valuation allowances (5.7 ) 11.5 (2.1 ) Uncertain tax positions 0.8 0.2 0.7 Intra-period tax allocation (2.2 ) (3.1 ) — Dividend elimination, subpart F and special charges 6.3 0.4 3.1 Other permanent differences (0.6 ) (0.6 ) 1.5 Tax credits (1.2 ) (2.5 ) (2.1 ) Adjust deferred taxes 0.1 0.5 0.2 Share-based compensation (0.1 ) (0.1 ) 0.9 Deferred transition tax — 6.5 — Other 0.2 1.6 0.8 Income tax expense $ 18.5 $ 14.9 $ 14.6
Net Deferred Tax Assets and Liabilities	Significant components of net deferred tax assets and liabilities are as follows: December 31, 2018 2017 (in millions) Deferred tax assets: Net operating loss and other deferred carryforwards $ 69.6 $ 77.5 Tax credit carryforwards 7.9 15.9 Inventories 6.4 6.3 Employee benefits 10.9 12.0 Accrued liabilities and other 11.2 6.2 Total deferred tax assets 106.0 117.9 Less valuation allowances (61.0 ) (76.5 ) Deferred tax assets, net of valuation allowances 45.0 41.4 Deferred tax liabilities: Goodwill and other intangible assets 62.8 68.1 Property and equipment 11.8 10.3 Withholdings taxes / undistributed non-U.S. earnings 7.8 8.4 Total deferred tax liabilities 82.4 86.8 Net deferred tax liabilities $ (37.4 ) $ (45.4 )
Unrecognized Tax Benefits	The reconciliation of the beginning and ending total amounts of unrecognized tax benefits (exclusive of interest and penalties) is as follows: Year Ended December 31, 2018 2017 2016 (in millions) Balance as of beginning of year $ 11.0 $ 3.2 $ 18.1 Additions for tax positions of prior years 2.6 — — Additions for tax positions of current year 0.6 7.9 0.8 Reductions due to lapse of statutes and settlements — (0.1 ) (15.7 ) Balance as of the end of year $ 14.2 $ 11.0 $ 3.2
Tax Years Subject to Examination, by Jurisdiction	The following tax years remain subject to examinations by major tax jurisdictions: Tax Years Tax Jurisdiction: United States 2015 - current Germany 2012 - current China 2015 - current The Netherlands 2015 - current Canada 2014 - current India 2015 - current

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt	Debt for the Company consists of the following: December 31, 2018 December 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Net Principal Unamortized Discount and Debt Issuance Costs Net (in millions) Senior secured term loan facility due September 2023 $ 837.5 $ 8.7 $ 828.8 $ 937.5 $ 11.9 $ 925.6 Borrowings under other lines of credit 5.8 — 5.8 7.4 — 7.4 Capital lease obligations and other 0.3 — 0.3 0.2 — 0.2 843.6 8.7 834.9 945.1 11.9 933.2 Less current portion (5.9 ) — (5.9 ) (16.9 ) (0.1 ) (16.8 ) $ 837.7 $ 8.7 $ 829.0 $ 928.2 $ 11.8 $ 916.4
Future Minimum Payments of Debt and Capital Lease Arrangements	As of December 31, 2018 , future minimum payments of the Company’s debt and capital lease arrangements are as follows (in millions): 2019 $ 0.1 2020 0.1 2021 0.1 2022 — 2023 837.5

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Components of Net Periodic Pension Cost	Components of net periodic pension cost included in the accompanying Consolidated Statements of Operations were as follows: Year Ended December 31, 2018 2017 2016 (in millions) Service costs $ 0.4 $ 0.4 $ 0.4 Interest cost 0.7 0.7 0.8 Expected return on plan assets (0.3 ) (0.2 ) (0.3 ) Amortization of unrecognized losses 0.5 0.6 0.2 Pension expense $ 1.3 $ 1.5 $ 1.1
Funded Status of the Plans	The funded status of the plans is as follows: Year Ended December 31, 2018 2017 2016 (in millions) Change in benefit obligation: Projected benefit obligation at beginning of year $ 38.6 $ 34.4 $ 31.6 Service cost 0.4 0.4 0.4 Interest cost 0.7 0.7 0.8 Benefits paid (1.2 ) (1.0 ) (0.8 ) Actuarial (gain) loss (2.0 ) (0.4 ) 5.3 Effect of pension plan curtailment (0.4 ) — — Foreign currency translation adjustments (1.6 ) 4.5 (2.9 ) Projected benefit obligation at end of year $ 34.5 $ 38.6 $ 34.4 Change in plans assets: Fair value of plan assets at beginning of year $ 6.9 $ 5.9 $ 5.7 Employer contributions 0.1 0.2 0.5 Actual return on plan assets (0.2 ) 0.5 1.0 Benefits paid (0.4 ) (0.3 ) (0.1 ) Foreign currency translation adjustments (0.3 ) 0.6 (1.2 ) Fair value of plan assets at end of year $ 6.1 $ 6.9 $ 5.9 Underfunded status $ 28.4 $ 31.7 $ 28.5
Amounts Recognized in the Consolidated Balance Sheets	Amounts recognized in the Consolidated Balance Sheets consisted of: December 31, 2018 2017 (in millions) Current accrued pension liabilities $ 0.8 $ 0.8 Noncurrent accrued pension liabilities 27.6 30.9 Accumulated other comprehensive loss (5.2 ) (7.2 )
Estimated Future Benefit Payments	Estimated future benefit payments from the defined benefit plans, including the effects of future service, are as follows (in millions): 2019 $ 1.0 2020 1.1 2021 1.1 2022 1.2 2023 1.2 2024 – 2028 7.1
Weighted-Average Actuarial Assumptions Used	The following table presents the weighted-average actuarial assumptions used to determine pension cost for the Company’s defined benefit plans: Year Ended December 31, 2018 2017 2016 Discount rate 1.87 % 1.80 % 2.71 % Expected long-term rate of return on plan assets 3.68 % 3.69 % 4.72 % Rate of expected increase in future compensation levels 3.56 % 3.49 % 3.45 % The following table presents the weighted-average actuarial assumptions used to determine the projected benefit obligation for the Company’s defined benefit plans: December 31, 2018 2017 Discount rate 1.94 % 1.75 % Rate of expected increase in future compensation levels 3.50 % 3.43 %
Plan Assets at Fair Value, By Fair Value Hierarchy	The following table sets forth the plans assets at fair value as of December 31, 2018 and 2017 : December 31, 2018 2017 (in millions) Investments with fair values measured at net asset value: Common/Collective trusts: Equity $ 2.9 $ 3.4 Corporate and government bonds 3.0 3.3 Cash equivalents and other 0.2 0.2 Total pension assets at fair value $ 6.1 $ 6.9

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of the Basic and Diluted Net Loss Per Share	The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings from continuing operations per share (EPS) computations: Year Ended December 31, 2018 2017 2016 (in millions, except share and per share amounts) Numerator: Net earnings from continuing operations $ 46.6 $ 7.8 $ 37.0 Denominator: Denominator for basic EPS—weighted-average common shares 69,726,528 68,574,631 67,504,065 Dilutive effect of stock-based compensation arrangements 2,017,119 2,427,276 2,625,997 Denominator for diluted EPS—adjusted weighted-average common shares 71,743,647 71,001,907 70,130,062 Basic EPS from continuing operations $ 0.67 $ 0.11 $ 0.55 Diluted EPS from continuing operations $ 0.65 $ 0.11 $ 0.53

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Key Assumptions Utilized in Determining Fair Value of Awards Granted	The key assumptions utilized in determining the fair value of the stock options granted during the years ended December 31, 2017 and 2016 are as follows for the various tranches: Time-Based Options Year Ended December 31, 2017 2016 Assumptions: Expected term (years) 6.25 6.25 Expected volatility 39.50% 42.00% Risk-free interest rate 2.17% 1.59% Expected dividend yield —% —%
Outstanding and Exercisable Stock Options, By Exercise Price	Outstanding Exercisable Exercise Price Options Weighted- Average Remaining Contractual Term (In years) Weighted- Average Exercise Price Options Weighted- Average Exercise Price $6.64 2,536,104 4.1 $ 6.64 2,512,122 $ 6.64 $16.00 - $20.00 1,128,920 6.5 19.52 736,324 19.81 Total 3,665,024 4.8 $ 10.61 3,248,446 $ 9.63
Stock Option Activity	Options Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (In years) Aggregate Intrinsic Value (In millions) Outstanding at December 31, 2017 4,670,897 $ 10.76 Exercised (725,816 ) 8.34 Expired (74,390 ) 19.41 Forfeited (205,667 ) 18.87 Outstanding at December 31, 2018 3,665,024 $ 10.61 4.8 $ 13.3 Exercisable at December 31, 2018 3,248,446 $ 9.63 4.5 $ 13.2

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of Designated Cash Flow Hedges on the Financial Statements	The following table provides the effect of the Company’s foreign currency forward contracts, interest rate swaps and cross-currency interest rate swaps designated as cash flow hedges on the Company’s Consolidated Financial Statements for the years ended December 31, 2018 , 2017 and 2016 : Type of instrument: Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (in millions) 2018 Foreign exchange contract $ 0.8 $ 0.6 Interest rate swaps $ 3.5 $ (0.2 ) Cross-currency interest rate swaps $ (0.3 ) $ 0.3 2017: Foreign exchange contract $ (0.5 ) $ (1.1 ) Interest rate swaps $ 0.4 $ — 2016: Foreign exchange contract $ 0.5 $ 1.1
Derivative Assets and Liabilities Measured at Fair Value	The derivative assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) December 31, 2018 Interest rate swaps (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Cross-currency interest rate swap (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Interest rate swaps (asset position) Other noncurrent assets $ 2.5 $ — $ 2.5 $ — Cross-currency interest rate swaps (liability position) Other current liabilities $ 0.3 $ — $ 0.3 $ — Cross-currency interest rate swaps (liability position) Other noncurrent accrued liabilities $ 0.6 $ — $ 0.6 $ — December 31, 2017 Interest rate swaps (asset position) Other noncurrent assets $ 1.7 $ — $ 1.7 $ — Interest rate swaps (liability position) Other current liabilities $ 1.0 $ — $ 1.0 $ —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss: Foreign Currency Translation Unrecognized Pension Plan Losses Derivative Financial Instruments Total (in millions) Balance at December 31, 2015 $ (104.5 ) $ (4.6 ) $ — $ (109.1 ) Other comprehensive (loss) income before reclassifications (45.5 ) (2.9 ) 0.5 (47.9 ) Amounts reclassified from accumulated other comprehensive income (loss) — 0.2 (1.1 ) (0.9 ) Other comprehensive (loss) income (45.5 ) (2.7 ) (0.6 ) (48.8 ) Balance at December 31, 2016 (150.0 ) (7.3 ) (0.6 ) (157.9 ) Other comprehensive (loss) income before reclassifications 71.7 (0.5 ) (0.2 ) 71.0 Amounts reclassified from accumulated other comprehensive income (loss) — 0.6 0.9 1.5 Other comprehensive income 71.7 0.1 0.7 72.5 Balance at December 31, 2017 (78.3 ) (7.2 ) 0.1 (85.4 ) Other comprehensive income (loss) before reclassifications (54.2 ) 1.2 3.2 (49.8 ) Amounts reclassified from accumulated other comprehensive income (loss) — 0.8 (0.5 ) 0.3 Other comprehensive (loss) income (54.2 ) 2.0 2.7 (49.5 ) Balance at December 31, 2018 $ (132.5 ) $ (5.2 ) $ 2.8 $ (134.9 )
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the reclassifications out of accumulated other comprehensive loss during the years ended December 31, 2018 , 2017 and 2016 : Classification Year Ended December 31, of Expense 2018 2017 2016 (in millions) Unrealized pension plan obligations: Adjustment of pension plan obligations (a) $ (0.9 ) $ (0.7 ) $ (0.2 ) Tax benefit (c) 0.1 0.1 — Adjustment of pension plan obligations, net of tax (0.8 ) (0.6 ) (0.2 ) Derivative financial instruments: Gain (loss) on derivative financial instruments (b) 0.7 (1.1 ) 1.1 Tax benefit (c) (0.2 ) 0.2 — Gain (loss) on derivative financial instruments, net of tax 0.5 (0.9 ) 1.1 Total reclassifications from accumulated other comprehensive income (loss) $ (0.3 ) $ (1.5 ) $ 0.9 (a) Amount is included in the calculation of pension cost within other non-operating expenses in the Company's Consolidated Statements of Operations. (b) Amount is included in cost of sales and loss (gain) on currency translation in the Company's Consolidated Statements of Operations. (c) These amounts are included in income tax expense in the Company's Consolidated Statements of Operations.

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Business Segment Information	The following table summarizes total assets by segment: December 31, December 31, (in millions) Advanced Plastic Processing Technologies $ 482.3 $ 524.8 Melt Delivery and Control Systems 1,030.6 1,104.5 Fluid Technologies 145.3 149.0 Corporate 74.3 80.5 Total assets $ 1,732.5 $ 1,858.8 The following table summarizes long-lived assets by segment: December 31, December 31, (in millions) Advanced Plastic Processing Technologies $ 82.1 $ 96.1 Melt Delivery and Control Systems 109.6 113.3 Fluid Technologies 17.7 17.8 Corporate 6.3 6.2 Total long-lived assets $ 215.7 $ 233.4 The following tables summarize segment information: Year Ended December 31, 2018 2017 2016 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 583.7 $ 594.4 $ 583.6 Melt Delivery and Control Systems 451.7 423.9 389.9 Fluid Technologies 129.3 121.2 112.9 Total net sales to external customers $ 1,164.7 $ 1,139.5 $ 1,086.4 Year Ended December 31, 2018 2017 2016 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 32.1 $ 16.1 $ 42.4 Melt Delivery and Control Systems 95.8 102.5 91.4 Fluid Technologies 24.6 20.7 17.4 Corporate (42.4 ) (45.8 ) (38.1 ) Total operating earnings $ 110.1 $ 93.5 $ 113.1 Capital expenditures: Advanced Plastic Processing Technologies $ 11.5 $ 12.9 $ 25.3 Melt Delivery and Control Systems 15.5 23.0 24.4 Fluid Technologies 2.1 2.1 1.8 Corporate 1.9 0.6 0.7 Total capital expenditures $ 31.0 $ 38.6 $ 52.2 Depreciation and amortization: Advanced Plastic Processing Technologies $ 12.9 $ 14.8 $ 16.3 Melt Delivery and Control Systems 33.4 33.5 33.2 Fluid Technologies 4.4 4.9 5.5 Corporate 1.4 1.1 0.9 Total depreciation and amortization $ 52.1 $ 54.3 $ 55.9
Net Sales to External Customers, by Geographic Region	Year Ended December 31, 2018 2017 2016 (in millions) Net sales to external customers: United States $ 491.8 $ 488.7 $ 505.8 China 150.9 139.2 110 India 130.1 114.8 99.1 Rest of World 391.9 396.8 371.5 Total net sales to external customers $ 1,164.7 $ 1,139.5 $ 1,086.4
Long-lived Assets, by Geographic Region	December 31, December 31, 2017 (in millions) Long-lived assets: United States $ 63.3 $ 63.2 China 48.4 48.1 India 37.9 27.5 Czech Republic 18.7 32.2 Canada 29.0 31.0 Rest of World 18.4 31.4 Total long-lived assets $ 215.7 $ 233.4

Summarized Quarterly Financia_2

Summarized Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Summarized Quarterly Financial Information (Unaudited)	2018 Quarter Ended March 31 June 30 September 30 December 31 Full Year (in millions, except per share data) Net sales $ 288.8 $ 303.6 $ 282.8 $ 289.5 $ 1,164.7 Manufacturing margins $ 99.9 $ 107.0 $ 97.3 $ 84.5 $ 388.7 Operating earnings $ 23.2 $ 35.7 $ 31.8 $ 19.4 $ 110.1 Net earnings from continuing operations $ 6.5 $ 15.9 $ 13.8 $ 10.4 $ 46.6 Net earnings $ 5.9 $ 14.9 $ 14.9 $ 5.8 $ 41.5 Basic EPS: Net earnings from continuing operations $ 0.09 $ 0.23 $ 0.20 $ 0.15 $ 0.67 Net earnings $ 0.09 $ 0.21 $ 0.21 $ 0.08 $ 0.60 Diluted EPS: Net earnings from continuing operations $ 0.09 $ 0.22 $ 0.19 $ 0.15 $ 0.65 Net earnings $ 0.08 $ 0.21 $ 0.21 $ 0.08 $ 0.58 2017 Quarter Ended March 31 June 30 September 30 December 31 Full Year (in millions, except per share data) Net sales $ 259.5 $ 285.6 $ 294.4 $ 300.0 $ 1,139.5 Manufacturing margins $ 89.0 $ 99.9 $ 96.0 $ 82.4 $ 367.3 Operating earnings $ 20.8 $ 29.5 $ 30.8 $ 12.4 $ 93.5 Net (loss) earnings from continuing operations $ (23.7 ) $ 11.2 $ 13.2 $ 7.1 $ 7.8 Net (loss) earnings $ (24.6 ) $ 10.1 $ 12.3 $ 3.3 $ 1.1 Basic EPS: Net (loss) earnings from continuing operations $ (0.35 ) $ 0.16 $ 0.19 $ 0.10 $ 0.11 Net (loss) earnings $ (0.36 ) $ 0.15 $ 0.18 $ 0.05 $ 0.02 Diluted EPS: Net (loss) earnings from continuing operations $ (0.35 ) $ 0.16 $ 0.19 $ 0.10 $ 0.11 Net (loss) earnings $ (0.36 ) $ 0.14 $ 0.17 $ 0.05 $ 0.02

Background and Basis of Prese_4

Background and Basis of Presentation - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 362.2	$ 360.9
Accumulated depreciation	(146.5)	(127.5)
Property and equipment, net	215.7	233.4
Depreciation expense	27.4	27.7	$ 26.7
Land [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	21	26.4
Buildings [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 89	92.3
Buildings [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Buildings [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	45 years
Machinery and equipment [Member]
Property, Plant and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 252.2	$ 242.2
Machinery and equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery and equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	12 years

Background and Basis of Prese_5

Background and Basis of Presentation - Warranty Reserves (Details) - Other current liabilities [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at the beginning of year	$ 9.7	$ 8.6	$ 8.2
Warranty expense	11.6	15.1	12.2
Warranty claims paid	(12.2)	(14.6)	(11.7)
Foreign currency translation adjustments	(0.4)	0.6	(0.1)
Balance at the end of year	$ 8.7	$ 9.7	$ 8.6

Background and Basis of Prese_6

Background and Basis of Presentation - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2019	Jan. 01, 2017
Debt Instrument [Line Items]
Inventory write-down		$ 4,700,000	$ 7,700,000	$ 0
Proceeds from sale of receivables		31,100,000	5,700,000
Reserve for inventory obsolescence	$ 37,400,000	37,400,000	30,800,000
Amortization of debt issuance costs and discount		2,900,000	3,000,000	3,800,000
Impairment charges, goodwill and indefinite-lived intangible assets		0	1,400,000	0
Property and equipment impairment	$ 3,300,000	3,600,000	0	0
Advertising costs		6,800,000	3,200,000	5,100,000
Research and development expenses		12,700,000	15,100,000	18,900,000
Other non-operating expenses		900,000	1,100,000	700,000
Interest expense, net
Debt Instrument [Line Items]
Amortization of debt issuance costs and discount		$ 2,300,000	$ 2,400,000	$ 3,800,000
Accounting Standards Update 2016-09
Debt Instrument [Line Items]
Unrecognized deferred tax assets related to excess tax benefit for share-based compensation						$ 1,100,000
Retained Deficit | Accounting Standards Update 2016-09
Debt Instrument [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption						800,000
Retained Deficit | Accounting Standards Update 2016-16
Debt Instrument [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption						$ 1,900,000
Forecast [Member] | Subsequent Event | Minimum
Debt Instrument [Line Items]
Operating Lease, Right-of-Use Asset					$ 36,000,000
Operating Lease, Liability					38,000,000
Forecast [Member] | Subsequent Event | Maximum
Debt Instrument [Line Items]
Operating Lease, Right-of-Use Asset					38,000,000
Operating Lease, Liability					$ 40,000,000

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities Classified as Held For Sale (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 36.9	$ 28.4
Noncurrent assets held for sale	27	30.5
Current liabilities held for sale	14.9	20
Blow Molding Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	6.5	7.3
Inventories, net	19.3	17.9
Prepaid and other current assets	1.5	3.2
Current assets held for sale	27.3	28.4
Property and equipment, net	25.3	27.4
Goodwill	0.6	0.6
Intangible assets, net	1.1	2.5
Noncurrent assets held for sale	27	30.5
Accounts payable	6.1	6
Advanced billings and deposits	5.6	10.4
Accrued salaries, wages and other compensation	1.9	2.2
Other current liabilities	1.3	1.4
Current liabilities held for sale	$ 14.9	$ 20

Discontinued Operations - Conso

Discontinued Operations - Consolidation of Captions within Statements of Operation for Loss from Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loss from discontinued operations attributable to blow molding business
Loss from discontinued operations	$ (5.1)	$ (6.7)	$ (6.5)
Blow Molding Business | Discontinued Operations, Held-for-sale
Loss from discontinued operations attributable to blow molding business
Net sales	93.5	94.7	80.3
Cost of sales	79.6	80.1	62.9
Selling, general and administrative expenses	15.3	16.9	21.3
Amortization expense	1.8	2.1	2
Loss (gain) on currency translation	0.1	(1.6)	0
Other expense, net	0.2	1.6	0.9
Operating loss from discontinued operations	(3.5)	(4.4)	(6.8)
Interest expense, net	0.1	0	0.1
Pretax loss from discontinued operations	(3.6)	(4.4)	(6.9)
Income tax expense (benefit)	1.5	2.3	(0.4)
Loss from discontinued operations	$ (5.1)	$ (6.7)	$ (6.5)

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 289.5	$ 282.8	$ 303.6	$ 288.8	$ 300	$ 294.4	$ 285.6	$ 259.5	$ 1,164.7	$ 1,139.5	$ 1,086.4
Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									583.7
Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									451.7
Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									129.3
Automotive [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									222.1
Automotive [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									87.9
Automotive [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									104.8
Automotive [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									29.4
Packaging [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									130.1
Packaging [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									81.1
Packaging [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									48.8
Packaging [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0.2
Consumer Goods [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									162.9
Consumer Goods [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									77.6
Consumer Goods [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									79.4
Consumer Goods [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									5.9
Electronics [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									93.5
Electronics [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									44.6
Electronics [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									42.5
Electronics [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									6.4
Medical [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									52.8
Medical [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									19.5
Medical [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									32.5
Medical [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0.8
Construction [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									92.9
Construction [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									91.3
Construction [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1.6
Construction [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Custom Molders And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									179.8
Custom Molders And Other [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									179.8
Custom Molders And Other [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Custom Molders And Other [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Mold Makers And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									132.1
Mold Makers And Other [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Mold Makers And Other [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									132.1
Mold Makers And Other [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Job Shops And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									36
Job Shops And Other [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Job Shops And Other [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0
Job Shops And Other [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									36
Distributors [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									62.5
Distributors [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1.9
Distributors [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									10
Distributors [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									50.6
Other Geographical Members [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									91.1
Other Geographical Members [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									30.7
Other Geographical Members [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									48.5
Other Geographical Members [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									11.9
INDIA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									130.1	114.8	99.1
INDIA | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									113.7
INDIA | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									15.1
INDIA | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1.3
CHINA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									150.9	$ 139.2	$ 110
CHINA | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									15.7
CHINA | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									121.2
CHINA | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									14
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									221.2
Europe [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									46.8
Europe [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									124.1
Europe [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									50.3
North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									571.4
North America [Member] | Advanced Plastic Processing Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									376.8
North America [Member] | Melt Delivery and Control Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									142.8
North America [Member] | Fluid Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 51.8

Revenue Schedule of Contract Li

Revenue Schedule of Contract Liabilities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)
Contract with Customer [Roll Forward]
Contract with Customer, Liability	$ 52.4
Additional advanced billings and deposits received	330.1
Contract with Customer, Liability, Revenue Recognized	(339)
Contract with Customer, Increase (Decrease) Foreign Currency Translation Adjustments and Other	(4.6)
Contract with Customer, Liability	$ 38.9

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill, by Reportable Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 0	$ (1.4)	$ 0
Goodwill [Roll Forward]
Balance	534.5	507.3
Foreign currency translation adjustments	(21.3)	28.6
Goodwill impairment	1.4	1.4
Balance	513.2	534.5	507.3
Corporate [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss		0
Goodwill [Roll Forward]
Balance	0	0
Foreign currency translation adjustments	0	0
Balance	0	0	0
Advanced Plastic Processing Technologies [Member] | Segments [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss		(1.4)
Goodwill [Roll Forward]
Balance	35	36.4
Foreign currency translation adjustments	0	0
Balance	35	35	36.4
Melt Delivery and Control Systems [Member] | Segments [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss		0
Goodwill [Roll Forward]
Balance	452.6	424
Foreign currency translation adjustments	(21.3)	28.6
Balance	431.3	452.6	424
Fluid Technologies [Member] | Segments [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss		0
Goodwill [Roll Forward]
Balance	46.9	46.9
Foreign currency translation adjustments	0	0
Balance	$ 46.9	$ 46.9	$ 46.9

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 360.3	$ 373.8
Accumulated Amortization	203.3	185.5
Net Amount	157	188.3
Indefinite-lived Intangible Assets [Line Items]
Gross Amount	496	515.4
Accumulated Amortization	203.3	185.5
Net Amount	292.7	329.9
Amortization of intangible assets	24.7	26.6	$ 29.3
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Estimated annual amortization expense, 2016	20.4
Estimated annual amortization expense, 2017	18
Estimated annual amortization expense, 2018	16.3
Estimated annual amortization expense, 2019	14.5
Estimated annual amortization expense, 2020	13
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Total intangible assets subject to amortization	135.7	141.6
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	35.7	37.2
Accumulated Amortization	19.6	17.5
Net Amount	16.1	19.7
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	19.6	17.5
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	110.9	118.2
Accumulated Amortization	53	46.7
Net Amount	57.9	71.5
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	53	46.7
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	213.7	218.4
Accumulated Amortization	130.7	121.3
Net Amount	83	97.1
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	$ 130.7	$ 121.3

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
United States	$ (4.1)	$ (3)	$ 0
State and local	0.2	0.3	0.4
Foreign	29.9	26	22.8
Total current	26	23.3	23.2
Deferred:
United States	(3.5)	(10.9)	0.5
State and local	(0.3)	0.1	(0.1)
Foreign	(3.7)	2.4	(9)
Total deferred	(7.5)	(8.4)	(8.6)
Total income tax expense	$ 18.5	$ 14.9	$ 14.6

Income Taxes - Earnings (Loss)

Income Taxes - Earnings (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings (loss) before income taxes:
United States	$ (32.4)	$ (70)	$ (28.4)
Rest of the world	97.5	92.7	80
Earnings from continuing operations before income taxes	$ 65.1	$ 22.7	$ 51.6

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax expense computed at U.S. federal statutory rate	$ 13.7	$ 7.9	$ 18
Foreign withholding tax	5.4	8.3	3.9
State and local income taxes, net of federal benefit	(0.3)	0.2	0.2
Foreign tax differential	1.9	(11.3)	(8.6)
Change in tax rates	0.2	(4.6)	(1.9)
Change in valuation allowances	(5.7)	11.5	(2.1)
Uncertain tax positions	0.8	0.2	0.7
Effective Income Tax Rate Reconciliation, Intra-Period Tax Allocation, Amount	(2.2)	(3.1)	0
Dividend elimination, subpart F and special charges	6.3	0.4	3.1
Other permanent differences	(0.6)	(0.6)	1.5
Tax credits	(1.2)	(2.5)	(2.1)
Adjust deferred taxes	0.1	0.5	0.2
Share-based compensation	(0.1)	(0.1)	0.9
Deferred transition tax	0	6.5	0
Other	0.2	1.6	0.8
Total income tax expense	$ 18.5	$ 14.9	$ 14.6

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Net operating loss and other deferred carryforwards	$ 69.6	$ 77.5
Tax credit carryforwards	7.9	15.9
Inventories	6.4	6.3
Employee benefits	10.9	12
Accrued liabilities and other	11.2	6.2
Total deferred tax assets	106	117.9
Less valuation allowances	(61)	(76.5)
Deferred tax assets, net of valuation allowances	45	41.4
Deferred tax liabilities:
Goodwill and other intangible assets	62.8	68.1
Property and equipment	11.8	10.3
Withholdings taxes / undistributed non-U.S. earnings	7.8	8.4
Total deferred tax liabilities	82.4	86.8
Net deferred tax liabilities	$ (37.4)	$ (45.4)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance as of beginning of year	$ 11	$ 3.2	$ 18.1
Additions for tax positions of prior years	2.6	0	0
Additions for tax positions of current year	0.6	7.9	0.8
Reductions due to lapse of statutes and settlements	0	(0.1)	(15.7)
Balance as of the end of year	$ 14.2	$ 11	$ 3.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Mar. 01, 2017	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provisional income tax benefit from Tax Cuts and Jobs Act		$ 8,900,000
Benefit related to reduced foreign statutory tax rate	$ (200,000)	4,600,000	$ 1,900,000
Term of reduced foreign statutory tax rate			3 years
Operating Loss Carryforwards [Line Items]
Uncertain tax positions that would impact the effective tax rate	9,500,000	9,700,000
Liability for uncertain tax positions, Tax Cuts and Jobs Act	3,400,000
Liability for uncertain tax positions	14,200,000	11,000,000	$ 3,200,000		$ 18,100,000
Unrecognized tax benefits, expected decrease	800,000
Tax Credit Carryforward [Line Items]
Tax credit carryovers	7,900,000
Reversal of valuation allowances previously recorded	6,400,000		8,500,000
Income tax benefit, effect of rate reduction on deferred tax liabilties		4,600,000
Provisional income tax benefit due to elimination of AMT		6,700,000
Expected refund due to elimination of AMT, during 2019	3,200,000
Expected refund due to elimination of AMT, during 2020 and 2022	3,200,000
Transition tax for accumulated foreign earnings	4,000,000	6,500,000
GILTI income recognized, Tax Cuts and Jobs Act	23,400,000
Provisional foreign withholding taxes on undistributed foreign earnings		2,400,000
Deferred tax liabilities, planned repatriations of foreign earnings	7,800,000	8,400,000
Decrease in unrecognized tax benefits			$ 15,700,000
Liability for interest and penalties	300,000	0
Tax credit carryovers that expire
Tax Credit Carryforward [Line Items]
Tax credit carryovers	4,600,000
Tax credit carryovers that have an unlimited life
Tax Credit Carryforward [Line Items]
Tax credit carryovers	3,300,000
Non-U.S. [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, total	151,300,000
Operating loss carryforwards, subject to expiration	23,500,000
Operating loss carryforwards, not subject to expiration	127,800,000
Operating loss carryforwards utilized	2,600,000
Reduction in cash taxes due from operating loss carryforwards	700,000
Deferred Tax Liabilities, Goodwill				$ 21,700,000
Liability for uncertain tax positions	7,100,000	$ 7,500,000
U.S. [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, total	107,300,000
Operating loss carryforwards utilized	14,900,000
Reduction in cash taxes due from operating loss carryforwards	$ 3,100,000

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Feb. 15, 2017	May 14, 2015
Debt Instrument [Line Items]
Principal, including current portion	$ 843.6	$ 945.1
Unamortized Discount and Debt Issuance Costs, including current portion	8.7	11.9
Net, including current portion	834.9	933.2
Principal, current portion	(5.9)	(16.9)
Unamortized Discount and Debt Issuance Costs, current portion	0	(0.1)
Net, current portion	(5.9)	(16.8)
Principal	837.7	928.2
Unamortized Discount and Debt Issuance Costs	8.7	11.8
Net	829	916.4
Secured | Senior Secured Term Loan Facility Due September 2023
Debt Instrument [Line Items]
Principal, including current portion	837.5	937.5	$ 947
Unamortized Discount and Debt Issuance Costs, including current portion	8.7	11.9
Net, including current portion	828.8	925.6
Senior notes | 7.75% senior unsecured notes due 2021
Debt Instrument [Line Items]
Principal, including current portion			464.4
Senior notes | Secured | Senior secured term loan facility due September 2020
Debt Instrument [Line Items]
Principal, including current portion			$ 482	$ 730
Line of credit | Other lines of credit
Debt Instrument [Line Items]
Principal, including current portion	5.8	7.4
Unamortized Discount and Debt Issuance Costs, including current portion	0	0
Net, including current portion	5.8	7.4
Capital lease obligations and other
Debt Instrument [Line Items]
Principal, including current portion	0.3	0.2
Unamortized Discount and Debt Issuance Costs, including current portion	0	0
Net, including current portion	$ 0.3	$ 0.2

Debt - Additional Information (

Debt - Additional Information (Details)	Apr. 27, 2018USD ($)	Nov. 08, 2017USD ($)	Feb. 15, 2017USD ($)	Oct. 17, 2014USD ($)	Mar. 17, 2014USD ($)	Mar. 28, 2013USD ($)	Apr. 30, 2012USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	May 14, 2015USD ($)
Debt Instrument [Line Items]
Aggregate principal outstanding									$ 843,600,000	$ 945,100,000
Payments of Debt Issuance Costs									800,000	10,700,000	$ 0
Gain (loss) on debt extinguishment									(1,200,000)	(25,200,000)	0
Debt extinguishment costs									0	18,000,000	$ 0
Loss on debt extinguishment
Debt Instrument [Line Items]
Gain (loss) on debt extinguishment									1,200,000	(25,200,000)
Senior Secured Term Loan Facility Due September 2023 | Secured
Debt Instrument [Line Items]
Aggregate principal outstanding			$ 947,000,000						837,500,000	937,500,000
Debt issuance price as a percent of principal			99.625%
Payments of Debt Issuance Costs		$ 800,000							4,600,000
Redemption of senior notes									100,000,000
Senior Secured Term Loan Facility Due September 2023 | Secured | LIBOR rate
Debt Instrument [Line Items]
Interest rate minimum (less than)			0.00%
Senior Secured Term Loan Facility Due September 2023 | Secured | LIBOR rate | Minimum
Debt Instrument [Line Items]
Leverage ratio		3.50	3.50
Senior Secured Term Loan Facility Due September 2023 | Secured | LIBOR rate | Post-Public Offering, Interest Rate, Option Two
Debt Instrument [Line Items]
Margin on variable interest rate basis			1.00%
Senior Secured Term Loan Facility Due September 2023 | Secured | Federal funds rate | Post-Public Offering, Interest Rate, Option Two
Debt Instrument [Line Items]
Margin on variable interest rate basis			0.50%
Senior notes | 7.75% senior unsecured notes due 2021
Debt Instrument [Line Items]
Aggregate principal outstanding			$ 464,400,000
Interest rate			7.75%			7.75%
Debt extinguishment costs										18,000,000
Aggregate principal amount						$ 465,000,000
Redemption of senior notes			$ 464,400,000					$ 600,000
Senior notes | Senior secured term loan facility due September 2020 | Secured
Debt Instrument [Line Items]
Aggregate principal outstanding			482,000,000									$ 730,000,000
Capital lease obligations and other
Debt Instrument [Line Items]
Aggregate principal outstanding									300,000	200,000
Lines of credit and capital lease obligations									20,000,000	23,200,000
Capital lease obligations and other | Other lines of credit
Debt Instrument [Line Items]
Amount outstanding									8,900,000	10,100,000
Available borrowing capacity									$ 11,100,000	$ 13,100,000
Weighted-average interest rate									5.44%	5.15%
Capital lease obligations and other | Other lines of credit | Line of credit
Debt Instrument [Line Items]
Amount outstanding									$ 6,100,000	$ 7,600,000
Capital lease obligations and other | Other lines of credit | Letters of credit and bank guarantees
Debt Instrument [Line Items]
Amount outstanding									2,800,000	2,500,000
Line of credit | Senior Secured Term Loan Facility Due September 2023 | Secured | Level 2
Debt Instrument [Line Items]
Fair value of debt									789,300,000
Line of credit | Senior secured term loan facility due March 2020 | Secured
Debt Instrument [Line Items]
Redemption of senior notes			$ 482,000,000
Line of credit | Senior secured term loan facility due September 2020 | Secured
Debt Instrument [Line Items]
Maximum borrowing capacity												$ 730,000,000
Line of credit | Senior secured asset-based revolving credit facility | Secured
Debt Instrument [Line Items]
Payments of Debt Issuance Costs	$ 800,000			$ 1,300,000		1,100,000
Additional potential borrowing capacity							$ 20,000,000
Term				5 years			5 years
Line of credit | Senior secured asset-based revolving credit facility | Letters of credit
Debt Instrument [Line Items]
Amount outstanding									33,200,000	27,600,000
Available borrowing capacity									47,400,000	59,400,000
Line of credit | Other lines of credit
Debt Instrument [Line Items]
Aggregate principal outstanding									$ 5,800,000	7,400,000
Foreign line of credit | Senior secured asset-based revolving credit facility | Secured | CANADA
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 20,000,000	30,000,000
Increase (decrease) in maximum borrowing capacity					(10,000,000)
Foreign line of credit | Senior secured asset-based revolving credit facility | Secured | German
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 25,000,000
U.S. line of credit | Senior secured asset-based revolving credit facility | Secured
Debt Instrument [Line Items]
Maximum borrowing capacity					80,000,000	$ 70,000,000	$ 60,000,000
Debt Instrument, Interest Rate, Increase (Decrease)	0.50%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.125%
Increase (decrease) in maximum borrowing capacity	$ 5,000,000				$ 10,000,000
Senior secured notes and line of credit | Senior Secured Notes due 2021 and Senior Secured Term Loan Facility due September 2020 | Loss on debt extinguishment
Debt Instrument [Line Items]
Write-off of deferred financing costs and debt discount										$ 7,200,000
Borrowings Greater Than Leverage Ratio [Member] | Senior Secured Term Loan Facility Due September 2023 | Secured | LIBOR rate
Debt Instrument [Line Items]
Margin on variable interest rate basis		2.75%	3.00%
Borrowings Greater Than Leverage Ratio [Member] | Senior Secured Term Loan Facility Due September 2023 | Secured | Base Rate
Debt Instrument [Line Items]
Margin on variable interest rate basis		1.75%	2.00%
Borrowings Less Than Leverage Ratio [Member] | Senior Secured Term Loan Facility Due September 2023 | Secured | LIBOR rate
Debt Instrument [Line Items]
Margin on variable interest rate basis		2.50%	2.75%
Borrowings Less Than Leverage Ratio [Member] | Senior Secured Term Loan Facility Due September 2023 | Secured | Base Rate
Debt Instrument [Line Items]
Margin on variable interest rate basis		1.50%	1.75%

Debt - Future Minimum Payments

Debt - Future Minimum Payments of Debt and Capital Lease Arrangements (Details) $ in Millions	Dec. 31, 2018USD ($)
Debt Disclosure [Abstract]
2018	$ 0.1
2019	0.1
2020	0.1
2021	0
2022	$ 837.5

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Pension Cost (Details) - Pension Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Service costs	$ 0.4	$ 0.4	$ 0.4
Interest cost	0.7	0.7	0.8
Expected return on plan assets	(0.3)	(0.2)	(0.3)
Amortization of unrecognized losses	0.5	0.6	0.2
Pension expense	$ 1.3	$ 1.5	$ 1.1

Employee Benefit Plans - Funded

Employee Benefit Plans - Funded Status of the Plans (Details) - Pension Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Change in benefit obligation:
Projected benefit obligation at beginning of year	$ 38.6	$ 34.4	$ 31.6
Service cost	0.4	0.4	0.4
Interest cost	0.7	0.7	0.8
Benefits paid	1.2	1	0.8
Actuarial (gain) loss	(2)	(0.4)	5.3
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	(0.4)	0	0
Foreign currency translation adjustments	(1.6)	4.5	(2.9)
Projected benefit obligation at end of year	34.5	38.6	34.4
Change in plans assets:
Fair value of plan assets at beginning of year	6.9	5.9	5.7
Employer contributions	0.1	0.2	0.5
Actual return on plan assets	(0.2)	0.5	1
Benefits paid	(0.4)	(0.3)	(0.1)
Foreign currency translation adjustments	(0.3)	0.6	(1.2)
Fair value of plan assets at end of year	6.1	6.9	5.9
Underfunded status	$ 28.4	$ 31.7	$ 28.5

Employee Benefit Plans - Amount

Employee Benefit Plans - Amounts Recognized in the Consolidated Balance Sheets (Details) - Pension Plans [Member] - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Current accrued pension liabilities	$ 0.8	$ 0.8
Noncurrent accrued pension liabilities	27.6	30.9
Accumulated other comprehensive loss	$ (5.2)	$ (7.2)

Employee Benefit Plans - Estima

Employee Benefit Plans - Estimated Future Benefit Payments (Details) - Pension Plans [Member] $ in Millions	Dec. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
2018	$ 1
2019	1.1
2020	1.1
2021	1.2
2022	1.2
2023 – 2027	$ 7.1

Employee Benefit Plans - Weight

Employee Benefit Plans - Weighted-Average Actuarial Assumptions Used (Details) - Pension Plans [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	1.87%	1.80%	2.71%
Expected long-term rate of return on plan assets	3.68%	3.69%	4.72%
Rate of expected increase in future compensation levels	3.56%	3.49%	3.45%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	1.94%	1.75%
Rate of expected increase in future compensation levels	3.50%	3.43%

Employee Benefit Plans - Plan A

Employee Benefit Plans - Plan Assets at Fair Value, By Fair Value Hierarchy (Details) - Pension Plans [Member] - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 6.1	$ 6.9	$ 5.9	$ 5.7
Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Total investments	2.9	3.4
Corporate and government bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total investments	3	3.3
Cash equivalents and other [Member]
Defined Benefit Plan Disclosure [Line Items]
Total investments	$ 0.2	$ 0.2

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)plan	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Actuarial loss expected to be recognized in net periodic pension cost during fiscal 2016 | $	$ 0.3
Accumulated benefit obligation | $	$ 34.2	$ 37.7
Foreign Plan | Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans | plan	3
United Kingdom | Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans | plan	1
German | Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans | plan	2
UNITED STATES | The 401(k) Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of years of credited service to become vested	1 year
Defined contribution plan expense | $	$ 3.6	$ 3.3	$ 3.1

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2018	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Treasury Stock, Value, Acquired, Cost Method			$ 3.5
Common stock, shares authorized (in shares)	500,000,000		500,000,000	500,000,000
Preferred stock, shares authorized (in shares)	50,000,000		50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01		$ 0.01	$ 0.01
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01	$ 0.01
Stock Repurchase Program, Authorized Amount		$ 125
Stock Repurchase Program, Period in Force		2 years
Common stock, shares issued (in shares)	70,726,800		70,726,800	69,644,918
Common stock, shares outstanding (in shares)	70,454,138		70,454,138	69,644,918
Preferred stock, shares issued (in shares)	0		0	0
Preferred stock, shares outstanding (in shares)	0		0	0
Treasury Stock, Common [Member]
Noncontrolling Interest [Line Items]
Treasury Stock Acquired, Average Cost Per Share	$ 12.82
Treasury Stock, Value, Acquired, Cost Method	$ 3.5		$ 3.5
Treasury Stock, Shares, Acquired	272,662		272,662
Common stock, shares outstanding (in shares)	(272,662)		(272,662)	0	0	0	0

Net Loss Per Share - Reconcilia

Net Loss Per Share - Reconciliation of Numerator and Denominator of the Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 10.4	$ 13.8	$ 15.9	$ 6.5	$ 7.1	$ 13.2	$ 11.2	$ (23.7)	$ 46.6	$ 7.8	$ 37
Numerator:
Net earnings from continuing operations	$ 5.8	$ 14.9	$ 14.9	$ 5.9	$ 3.3	$ 12.3	$ 10.1	$ (24.6)	$ 41.5	$ 1.1	$ 30.5
Denominator:
Denominator for basic EPS–weighted-average common shares (in shares)									69,726,528	68,574,631	67,504,065
Dilutive effect of stock-based compensation arrangements (in shares)									2,017,119	2,427,276	2,625,997
Denominator for diluted EPS–adjusted weighted-average common shares (in shares)									71,743,647	71,001,907	70,130,062
Basic EPS (in dollars per share)	$ 0.08	$ 0.21	$ 0.21	$ 0.09	$ 0.05	$ 0.18	$ 0.15	$ (0.36)	$ 0.60	$ 0.02	$ 0.45
Diluted EPS (in dollars per share)	$ 0.08	$ 0.21	$ 0.21	$ 0.08	$ 0.05	$ 0.17	$ 0.14	$ (0.36)	$ 0.58	$ 0.02	$ 0.43

Net Loss Per Share - Additional

Net Loss Per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)	1.2	1.6	1.4
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)	0.2	0.1

Stock-based Compensation - Key

Stock-based Compensation - Key Assumptions Utilized in Determining Fair Value of Awards Granted (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Time-Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum		39.50%	42.00%
Expected volatility, maximum		39.50%	42.00%
Risk-free interest rate, minimum		2.17%	1.59%
Risk-free interest rate, maximum		2.17%	1.59%
Expected dividend yield		0.00%	0.00%
Time-Based Options [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		6 years 3 months	6 years 3 months
Time-Based Options [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		6 years 3 months	6 years 3 months
Performance-Based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum
Expected volatility, maximum
Risk-free interest rate, minimum
Risk-free interest rate, maximum
Performance-Based Options [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)
Performance-Based Options [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)

Stock-based Compensation - Outs

Stock-based Compensation - Outstanding and Exercisable Stock Options, By Exercise Price (Details)	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding, Options (in shares) | shares	3,665,024
Outstanding, Weighted-Average Remaining Contractual Term	4 years 9 months 18 days
Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 10.61
Exercisable, Options (in shares) | shares	3,248,446
Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 9.63
Exercise Price Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 6.64
Outstanding, Options (in shares) | shares	2,536,104
Outstanding, Weighted-Average Remaining Contractual Term	4 years 1 month 6 days
Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 6.64
Exercisable, Options (in shares) | shares	2,512,122
Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 6.64
Exercise Price Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, lower limit (in dollars per share)	16
Exercise Price, upper limit (in dollars per share)	$ 20
Outstanding, Options (in shares) | shares	1,128,920
Outstanding, Weighted-Average Remaining Contractual Term	6 years 6 months
Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 19.52
Exercisable, Options (in shares) | shares	736,324
Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 19.81

Stock-based Compensation - Stoc

Stock-based Compensation - Stock Option Activity (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, Outstanding at December 31, 2014 (in shares) | shares	4,670,897
Options, Exercised (in shares) | shares	(725,816)
Options, Expired (in shares) | shares	(74,390)
Options, Forfeited (in shares) | shares	(205,667)
Options, Outstanding at December 31, 2015 (in shares) | shares	3,665,024
Options, Exercisable at December 31, 2015 (in shares) | shares	3,248,446
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-Average Exercise Price, Outstanding at December 31, 2014 (in dollars per share) | $ / shares	$ 10.76
Weighted-Average Exercise Price, Exercised (in dollars per share) | $ / shares	8.34
Weighted-Average Exercise Price, Expired (in dollars per share) | $ / shares	19.41
Weighted-Average Exercise Price, Forfeited (in dollars per share) | $ / shares	18.87
Weighted-Average Exercise Price, Outstanding at December 31, 2015 (in dollars per share) | $ / shares	10.61
Weighted-Average Exercise Price, Exercisable at December 31, 2015 (in dollars per share) | $ / shares	$ 9.63
Weighted-Average Remaining Contractual Term, Outstanding at December 31, 2015	4 years 9 months 18 days
Weighted-Average Remaining Contractual Term, Exercisable at December 31, 2015	4 years 6 months
Aggregate Intrinsic Value, Outstanding at December 31, 2015 | $	$ 13.3
Aggregate Intrinsic Value, Exercisable at December 31, 2015 | $	$ 13.2

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 25, 2015	Apr. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated grant date fair value, options granted (in dollars per share)				$ 18.42	$ 17.71
Proceeds from exercise of stock options			$ 6.1	$ 5.3	$ 7
Intrinsic value of stock options exercised			$ 8.8	$ 8.7	$ 10
Stock options, outstanding (in shares)			3,665,024	4,670,897
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period			10 years
Time-based options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated grant date fair value, options granted (in dollars per share)				$ 7.75	$ 7.62
Stock-based compensation expense			$ 2.5	$ 3.4	$ 3.5
Unrecognized compensation expense, stock options			2.2
Unrecognized compensation expense, stock options, expect to recognize in 2019			$ 1.5
Unrecognized compensation expense, weighted-average remaining period of recognition			1 year 7 months 6 days
Stock options, outstanding (in shares)			2,439,170
Performance-based options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, outstanding (in shares)			1,225,854
Stock appreciation rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense				0.6	1.8
Allocated Share-Based Compensation Benefit, Fair Value Adjustment			$ 1.8
Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			4.6	3.1	1.4
Stock-based compensation expense, expect to recognize in 2019			4.2
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			3.6	2	$ 0.4
Stock-based compensation expense, expect to recognize in 2019			2.4
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			1.2	$ 0.4
Stock-based compensation expense, expect to recognize in 2019			$ 1.5
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in shares authorized (in shares)		4,075,000
2015 Plan [Member] | Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
2015 Plan [Member] | Stock appreciation rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Expiration period						10 years
Other awards, strike price (in dollars per share)	$ 20
Other awards, outstanding (in shares)			35,475
Other awards, vested (in shares)			26,604
2015 Plan [Member] | Stock appreciation rights (SARs) [Member] | Accrued salaries, wages and other compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation liability			$ 1.2
2015 Plan [Member] | Time-based SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						4 years
2015 Plan [Member] | Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years			3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures			149,026	98,091	68,650
Other awards, granted (in shares)			368,436	435,824	180,571
Unrecognized compensation expense, weighted-average remaining period of recognition			1 year 10 months 24 days
Other awards, outstanding (in shares)			592,108
Other awards, granted, fair value (in dollars per share)			$ 20.82	$ 18.14	$ 15.86
Unrecognized compensation expense, other awards			$ 7.6
2015 Plan [Member] | Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures			34,431	4,072
Other awards, granted (in shares)			243,895	340,395	29,274
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date					1 year
Unrecognized compensation expense, weighted-average remaining period of recognition			1 year 9 months 18 days
Other awards, outstanding (in shares)			396,746
Other awards, granted, fair value (in dollars per share)			$ 20.75	$ 18.22	$ 14.69
Unrecognized compensation expense, other awards			$ 4
2015 Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures			20,901
Other awards, granted (in shares)			140,535	87,202
Unrecognized compensation expense, weighted-average remaining period of recognition			1 year 9 months 18 days
Other awards, outstanding (in shares)			206,836
Other awards, granted, fair value (in dollars per share)			$ 20.92	$ 18.42
Unrecognized compensation expense, other awards			$ 2.5
2012 Plan [Member] | Stock appreciation rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period						10 years
Other awards, strike price (in dollars per share)					$ 6.64
2012 Plan [Member] | Stock appreciation rights (SARs) [Member] | Accrued salaries, wages and other compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation liability			$ 1.2
2012 Plan [Member] | Time-based SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period						4 years
Other awards, vested and outstanding (in shares)			96,836
2012 Plan [Member] | Performance-based SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other awards, vested and outstanding (in shares)			110,944
Minimum | 2015 Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Award Payout, Percentage of Award			50.00%	50.00%
Maximum | 2015 Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Award Payout, Percentage of Award			200.00%	200.00%
Tranche One | 2015 Plan [Member] | Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			2 years
Other awards, granted (in shares)			28,372
Tranche One | 2015 Plan [Member] | Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other awards, granted (in shares)			66,925	33,051
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date				7 months
Tranche Two | 2015 Plan [Member] | Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Other awards, granted (in shares)			340,064
Tranche Two | 2015 Plan [Member] | Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other awards, granted (in shares)			14,400	23,384
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date			2 years	1 year
Tranche Three | 2015 Plan [Member] | Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other awards, granted (in shares)			157,024	283,960
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date				3 years
Tranche Four | 2015 Plan [Member] | Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other awards, granted (in shares)			5,546
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date			3 years

Derivative Financial Instrume_3

Derivative Financial Instruments - Effect of Designated Cash Flow Hedges on the Financial Statements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Foreign Currency Forward [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 0.8	$ (0.5)	$ 0.5
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	0.6	(1.1)	$ 1.1
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	3.5	0.4
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	(0.2)	$ 0
Cross Currency Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	(0.3)
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ 0.3

Derivative Financial Instrume_4

Derivative Financial Instruments - Derivative Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 1.9
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1.9
Prepaid Expenses and Other Current Assets [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Prepaid Expenses and Other Current Assets [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Prepaid Expenses and Other Current Assets [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1.9
Prepaid Expenses and Other Current Assets [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1.9
Prepaid Expenses and Other Current Assets [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Prepaid Expenses and Other Current Assets [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Other current liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)		$ 1
Other current liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0.3
Other current liabilities [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)		0
Other current liabilities [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0
Other current liabilities [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)		1
Other current liabilities [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0.3
Other current liabilities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)		0
Other current liabilities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0
Other Noncurrent Liabilities | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0.6
Other Noncurrent Liabilities | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0
Other Noncurrent Liabilities | Level 2 | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0.6
Other Noncurrent Liabilities | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-currency interest rate swaps (liability position)	0
Other noncurrent assets | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2.5	1.7
Other noncurrent assets | Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Other noncurrent assets | Level 2 | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2.5	1.7
Other noncurrent assets | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	$ 0
Not Designated as Hedging Instrument [Member] | Other current liabilities [Member] | Foreign Currency Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts - asset (liability)	$ 0.3

Derivative Financial Instrume_5

Derivative Financial Instruments - Additional Information (Details) € in Millions	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Nov. 30, 2018USD ($)	Nov. 30, 2018EUR (€)	Feb. 15, 2017USD ($)
Derivative [Line Items]
Gain on Cash Flow Hedge Ineffectiveness		$ 200,000
Foreign Currency Forward [Member]
Derivative [Line Items]
Notional amounts	$ 0	300,000
Foreign Currency Forward [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Gain (Loss) [Member]
Derivative [Line Items]
Gain (loss) related to changes in fair value of derivative instruments	200,000
Foreign Currency Forward [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Gain (loss) on settlement of derivative instruments	$ (600,000)	$ (1,100,000)	$ (1,100,000)
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amounts						$ 400,000,000
Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Notional amounts				$ 85,800,000
Derivative, conversion, debt | €					€ 75
Secured | Senior Secured Term Loan Facility Due September 2023
Derivative [Line Items]
Effective fixed interest rate on debt						2.062%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 520.7
Total other comprehensive (loss) income, net of tax	(49.5)	$ 72.5	$ (48.8)
Balance	526.8	520.7
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(85.4)	(157.9)	(109.1)
Other comprehensive income (loss) before reclassifications	(49.8)	71	(47.9)
Amounts reclassified from accumulated other comprehensive income (loss)	0.3	1.5	(0.9)
Total other comprehensive (loss) income, net of tax	(49.5)	72.5	(48.8)
Balance	(134.9)	(85.4)	(157.9)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(78.3)	(150)	(104.5)
Other comprehensive income (loss) before reclassifications	(54.2)	71.7	(45.5)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Total other comprehensive (loss) income, net of tax	(54.2)	71.7	(45.5)
Balance	(132.5)	(78.3)	(150)
Unrecognized Post-Retirement Plan Losses [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(7.2)	(7.3)	(4.6)
Other comprehensive income (loss) before reclassifications	1.2	(0.5)	(2.9)
Amounts reclassified from accumulated other comprehensive income (loss)	0.8	0.6	0.2
Total other comprehensive (loss) income, net of tax	2	0.1	(2.7)
Balance	(5.2)	(7.2)	(7.3)
Derivative Financial Instruments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	0.1	(0.6)	0
Other comprehensive income (loss) before reclassifications	3.2	(0.2)	0.5
Amounts reclassified from accumulated other comprehensive income (loss)	(0.5)	0.9	(1.1)
Total other comprehensive (loss) income, net of tax	2.7	0.7	(0.6)
Balance	$ 2.8	$ 0.1	$ (0.6)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	$ (18.5)	$ (14.9)	$ (14.6)
Total reclassifications from accumulated other comprehensive income (loss)	(0.3)	(1.5)	0.9
Unrealized pension and post-retirement obligations [Member] | Reclassifications from accumulated other comprehensive income (loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Nonoperating Expense	0.9	0.7	0.2
Tax benefit	0.1	0.1	0
Total reclassifications from accumulated other comprehensive income (loss)	(0.8)	(0.6)	(0.2)
Derivative financial instruments [Member] | Reclassifications from accumulated other comprehensive income (loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on derivative financial instruments	0.7	(1.1)	1.1
Tax benefit	(0.2)	0.2	0
Total reclassifications from accumulated other comprehensive income (loss)	$ 0.5	$ (0.9)	$ 1.1

Restructuring Reserves (Details

Restructuring Reserves (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment classified as held-for-sale	$ 9.6
Proceeds from Sale of Property Held-for-sale		$ 3
Reclassification to property and equipment			$ 5.5
2017 Restructuring Actions [Member] | Other current liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Liability, severance-related actions		1.2
2016 Actions [Member] | Other current liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Liability, severance-related actions	8.3	11.1
Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense		8.9	3.3
Other expense, net [Member] | 2017 Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense		$ 2.7
Other expense, net [Member] | 2016 Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense	$ 15.6
Minimum | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense			28
Maximum | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense			$ 29

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands, $ in Millions	1 Months Ended				12 Months Ended
	Jan. 31, 2018USD ($)	Dec. 31, 2017	Jun. 30, 2017USD ($)property	Jun. 30, 2017CAD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2017CAD ($)
Loss Contingencies [Line Items]
Number of Properties Sold | property			2	2
Proceeds from disposals of property and equipment	$ 8		$ 10.7	$ 14,250	$ 9.1	$ 3.8	$ 0.9
Sale Leaseback Transaction. Term of Lease		6 years	15 years	15 years
Sale Leaseback Transaction, Amount Due under Financing Arrangement			$ 12.6		8			$ 16,700
Gain (Loss) on Sale of Properties					0.4
Future minimum lease commitments, total					27.1
Future minimum lease commitments, 2016					8.6
Future minimum lease commitments, 2017					5.9
Future minimum lease commitments, 2018					4.1
Future minimum lease commitments, 2019					3.2
Future minimum lease commitments, 2020					2.4
Future minimum lease commitments, thereafter					2.9
Rent expense					11.9	$ 11.5	$ 11.9
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Sale Leaseback Transaction, Amount Due under Financing Arrangement					$ 10.1

Business Segment Information (D

Business Segment Information (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 289.5	$ 282.8	$ 303.6	$ 288.8	$ 300	$ 294.4	$ 285.6	$ 259.5	$ 1,164.7	$ 1,139.5	$ 1,086.4
Number of operating segments | segment									3
Total assets	1,732.5				1,858.8				$ 1,732.5	1,858.8
Total long-lived assets	215.7				233.4				215.7	233.4
Total operating earnings	19.4	$ 31.8	$ 35.7	$ 23.2	12.4	$ 30.8	$ 29.5	$ 20.8	110.1	93.5	113.1
Total capital expenditures									31	38.6	52.2
Total depreciation and amortization									52.1	54.3	55.9
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets	74.3				80.5				74.3	80.5
Total long-lived assets	6.3				6.2				6.3	6.2
Total operating earnings									(42.4)	(45.8)	(38.1)
Total capital expenditures									1.9	0.6	0.7
Total depreciation and amortization									1.4	1.1	0.9
Advanced Plastic Processing Technologies [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									583.7
Advanced Plastic Processing Technologies [Member] | Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									583.7	594.4	583.6
Total assets	482.3				524.8				482.3	524.8
Total long-lived assets	82.1				96.1				82.1	96.1
Total operating earnings									32.1	16.1	42.4
Total capital expenditures									11.5	12.9	25.3
Total depreciation and amortization									12.9	14.8	16.3
Melt Delivery and Control Systems [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									451.7
Melt Delivery and Control Systems [Member] | Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									451.7	423.9	389.9
Total assets	1,030.6				1,104.5				1,030.6	1,104.5
Total long-lived assets	109.6				113.3				109.6	113.3
Total operating earnings									95.8	102.5	91.4
Total capital expenditures									15.5	23	24.4
Total depreciation and amortization									33.4	33.5	33.2
Fluid Technologies [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									129.3
Fluid Technologies [Member] | Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									129.3	121.2	112.9
Total assets	145.3				149				145.3	149
Total long-lived assets	$ 17.7				$ 17.8				17.7	17.8
Total operating earnings									24.6	20.7	17.4
Total capital expenditures									2.1	2.1	1.8
Total depreciation and amortization									$ 4.4	$ 4.9	$ 5.5

Business Segment Information -

Business Segment Information - Net Sales to External Customers and Long-lived Assets, by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 289.5	$ 282.8	$ 303.6	$ 288.8	$ 300	$ 294.4	$ 285.6	$ 259.5	$ 1,164.7	$ 1,139.5	$ 1,086.4
Net Sales to External Customers, by Geographic Region									Year Ended December 31, 2018 2017 2016 (in millions) Net sales to external customers: United States $ 491.8 $ 488.7 $ 505.8 China 150.9 139.2 110 India 130.1 114.8 99.1 Rest of World 391.9 396.8 371.5 Total net sales to external customers $ 1,164.7 $ 1,139.5 $ 1,086.4
Total long-lived assets	215.7				233.4				$ 215.7	233.4
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									491.8	488.7	505.8
Total long-lived assets	63.3				63.2				63.3	63.2
CZECH REPUBLIC
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	18.7				32.2				18.7	32.2
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	29				31				29	31
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									150.9	139.2	110
Total long-lived assets	48.4				48.1				48.4	48.1
INDIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									130.1	114.8	99.1
Total long-lived assets	37.9				27.5				37.9	27.5
Rest of World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									391.9	396.8	$ 371.5
Total long-lived assets	$ 18.4				$ 31.4				$ 18.4	$ 31.4

Summarized Quarterly Financia_3

Summarized Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 289.5	$ 282.8	$ 303.6	$ 288.8	$ 300	$ 294.4	$ 285.6	$ 259.5	$ 1,164.7	$ 1,139.5	$ 1,086.4
Manufacturing margins	84.5	97.3	107	99.9	82.4	96	99.9	89	388.7	367.3	378.4
Operating earnings	19.4	31.8	35.7	23.2	12.4	30.8	29.5	20.8	110.1	93.5	113.1
Net earnings	$ 5.8	$ 14.9	$ 14.9	$ 5.9	$ 3.3	$ 12.3	$ 10.1	$ (24.6)	$ 41.5	$ 1.1	$ 30.5
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.15	$ 0.20	$ 0.23	$ 0.09	$ 0.10	$ 0.19	$ 0.16	$ (0.35)	$ 0.67	$ 0.11	$ 0.55
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 10.4	$ 13.8	$ 15.9	$ 6.5	$ 7.1	$ 13.2	$ 11.2	$ (23.7)	$ 46.6	$ 7.8	$ 37
Basic EPS (in dollars per share)	$ 0.08	$ 0.21	$ 0.21	$ 0.09	$ 0.05	$ 0.18	$ 0.15	$ (0.36)	$ 0.60	$ 0.02	$ 0.45
Income (Loss) from Continuing Operations, Per Diluted Share	0.15	0.19	0.22	0.09	0.10	0.19	0.16	(0.35)	0.65	0.11	0.53
Diluted EPS (in dollars per share)	$ 0.08	$ 0.21	$ 0.21	$ 0.08	$ 0.05	$ 0.17	$ 0.14	$ (0.36)	$ 0.58	$ 0.02	$ 0.43

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Thousands, € in Millions, $ in Millions

Aug. 01, 2019USD ($)

Aug. 01, 2019EUR (€)

Jul. 12, 2019$ / sharesshares

Jul. 03, 2019USD ($)

Jul. 01, 2019USD ($)

Jan. 31, 2019USD ($)

Jan. 31, 2019EUR (€)

Feb. 15, 2017USD ($)

Jan. 31, 2018USD ($)

Jun. 30, 2017USD ($)

Jun. 30, 2017CAD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Subsequent Event [Line Items]

Total capital expenditures

$ 31

$ 38.6

$ 52.2

Proceeds from disposals of property and equipment

$ 8

$ 10.7

$ 14,250

9.1

$ 3.8

$ 0.9

Senior Secured Term Loan Facility Due September 2023 | Secured

Subsequent Event [Line Items]

Redemption of senior notes

$ 100

7.75% senior unsecured notes due 2021 | Senior notes

Subsequent Event [Line Items]

Redemption of senior notes

$ 464.4

$ 0.6

Subsequent Event

Subsequent Event [Line Items]

Total capital expenditures

$ 7.8

€ 6.8

Proceeds from disposals of property and equipment

$ 8.2

€ 7.4

Lessee, Operating Lease, Term of Contract

15 years

15 years

Subsequent Event | Senior Secured Term Loan Facility Due September 2023 | Secured

Subsequent Event [Line Items]

Redemption of senior notes

$ 52

Discontinued Operations, Held-for-sale | Blow Molding Business | Subsequent Event

Subsequent Event [Line Items]

Proceeds from Divestiture of Businesses

$ 51.9

Hillenbrand, Inc. [Member] | Subsequent Event

Subsequent Event [Line Items]

Business Combination, Consideration Received, Equity Interests Issued and Issuable, Cash Received per Entity Share | $ / shares

$ 11.80

Business Combination, Consideration Received, Equity Interests Issued and Issuable, Acquirer Shares Received per Entity Share | shares

0.1612

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - Valuation allowance for deferred tax assets [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 76.5	$ 76.2	$ 67.6
Charged to Costs and Expenses	6.1	25.1	20.7
Acquired Obligations	0	0	0
Deductions	(21.6)	(24.8)	(12.1)
Balance at End of Period	$ 61	$ 76.5	$ 76.2

Uncategorized Items - _IXDS

Label	Element	Value
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 433,000,000
Treasury Stock, Common [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	0
AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(157,900,000)
Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	661,800,000
Retained Earnings [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ (71,600,000)
Common Stock [Member]
Common Stock, Shares, Outstanding	us-gaap_CommonStockSharesOutstanding	68,473,561
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 700,000
Accounting Standards Update 2016-09 [Member] | Additional Paid-in Capital [Member] | Restatement Adjustment [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	800,000
Accounting Standards Update 2016-09 and Accounting Standards Update 2016-16 [Member] | Restatement Adjustment [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(1,900,000)
Accounting Standards Update 2016-09 and Accounting Standards Update 2016-16 [Member] | Retained Earnings [Member] | Restatement Adjustment [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,700,000)