Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 31.9 $ 27.1
Accounts and notes receivable, net 40.1 36.1
Inventories, net 118.6 111.6
Income tax receivable 0.8 0.7
Prepaid expenses and other current assets 12.1 10.0
Total current assets 203.5 185.5
Property, plant, and equipment, less accumulated depreciation and amortization of $323.2 and $318.4, respectively 269.7 277.2
Operating lease assets 5.7 6.0
Intangible assets, less accumulated amortization of $20.8 and $19.0, respectively 23.8 25.4
Deferred income taxes 5.1 5.3
Other noncurrent assets 2.7 2.8
Total assets 510.5 502.2
Current liabilities:    
Current installments of long-term debt 0.2 0.2
Accounts payable and accrued expenses 99.8 104.4
Total current liabilities 100.0 104.6
Long-term debt 72.5 42.5
Noncurrent operating lease liabilities 2.4 2.7
Postretirement benefit liabilities 58.3 59.7
Pension benefit liabilities 14.2 16.0
Other long-term liabilities 4.5 5.8
Noncurrent income taxes payable 0.2 0.2
Deferred income taxes 2.5 2.4
Total liabilities 254.6 233.9
Stockholders’ equity:    
Common stock with par value $.0001 per share: 100,000,000 shares authorized; 28,357,658 issued and 21,555,833 outstanding shares as of March 31, 2020 and 28,357,658 issued and 21,519,761 outstanding shares as of December 31, 2019 0.0 0.0
Preferred stock with par value $.0001 per share: 15,000,000 shares authorized; none issued 0.0 0.0
Treasury stock, at cost, 6,801,825 shares as of March 31, 2020 and 6,837,897 shares as of December 31, 2019 (88.2) (88.9)
Additional paid-in capital 676.7 676.7
Accumulated deficit (258.0) (244.8)
Accumulated other comprehensive (loss) (74.6) (74.7)
Total stockholders’ equity 255.9 268.3
Total liabilities and stockholders’ equity $ 510.5 $ 502.2