Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 27.1 $ 173.8
Accounts and notes receivable, net 36.1 39.0
Inventories, net 111.6 139.5
Income tax receivable 0.7 0.6
Prepaid expenses and other current assets 10.0 18.0
Total current assets 185.5 370.9
Property, plant and equipment, less accumulated depreciation and amortization of $318.4 and $318.8, respectively 277.2 296.1
Operating lease assets 6.0  
Intangible assets, less accumulated amortization of $19.0 and $12.0, respectively 25.4 32.0
Deferred income taxes 5.3 5.6
Other noncurrent assets 2.8 3.6
Total assets 502.2 708.2
Current liabilities:    
Short-term debt 0.0 25.0
Current installments of long-term debt 0.2 3.7
Accounts payable and accrued expenses 104.4 141.4
Income tax payable 0.0 0.5
Total current liabilities 104.6 170.6
Long-term debt 42.5 70.6
Noncurrent operating lease liabilities 2.7 0.0
Postretirement benefit liabilities 59.7 55.7
Pension benefit liabilities 16.0 11.3
Other long-term liabilities 5.8 6.7
Noncurrent income taxes payable 0.2 0.2
Deferred income taxes 2.4 2.1
Total liabilities 233.9 317.2
Stockholders' equity:    
Common stock with par value $.0001 per share: 100,000,000 shares authorized; 28,357,658 issued and 21,519,761 outstanding shares as of December 31, 2019 and 28,284,358 issued and 25,832,193 outstanding shares as of December 31, 2018 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, 6,837,897 shares as of December 31, 2019 and 2,452,165 shares as of December 31, 2018 (88.9) (39.7)
Additional paid-in capital 676.7 678.6
Accumulated deficit (244.8) (186.3)
Accumulated other comprehensive (loss) (74.7) (61.6)
Total stockholders' equity 268.3 391.0
Total liabilities and stockholders' equity $ 502.2 $ 708.2