Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 44.7 $ 173.8
Restricted cash 0.8 0.0
Accounts and notes receivable, net 65.9 39.0
Inventories, net 136.0 139.5
Income tax receivable 0.6 0.6
Prepaid expenses and other current assets 15.3 18.0
Total current assets 263.3 370.9
Property, plant, and equipment, less accumulated depreciation and amortization of $335.2 and $318.8, respectively 291.4 296.1
Operating lease assets 7.5 0.0
Intangible assets, less accumulated amortization of $15.5 and $12.0, respectively 28.8 32.0
Deferred income taxes 5.7 5.6
Other noncurrent assets 2.8 3.6
Total assets 599.5 708.2
Current liabilities:    
Short-term debt 0.0 25.0
Current installments of long-term debt 4.0 3.7
Accounts payable and accrued expenses 110.6 141.4
Income tax payable 0.1 0.5
Total current liabilities 114.7 170.6
Long-term debt 69.0 70.6
Noncurrent operating lease liabilities 3.9 0.0
Postretirement benefit liabilities 53.7 55.7
Pension benefit liabilities 9.1 11.3
Other long-term liabilities 6.8 6.7
Noncurrent income taxes payable 0.2 0.2
Deferred income taxes 2.6 2.1
Total liabilities 260.0 317.2
Stockholders’ equity:    
Common stock with par value $.0001 per share: 100,000,000 shares authorized; 28,332,190 issued and 21,474,902 outstanding shares as of June 30, 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, 6,857,288 shares as of June 30, 2019 and 2,452,165 shares as of December 31, 2018 (89.2) (39.7)
Additional paid-in capital 678.2 678.6
Accumulated deficit (188.3) (186.3)
Accumulated other comprehensive (loss) (61.2) (61.6)
Total stockholders’ equity 339.5 391.0
Total liabilities and stockholders’ equity $ 599.5 $ 708.2