Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Reconciliations of Adjusted EBITDA from Continuing Operations

Reportable segment information

The following tables show segment revenues from external customers (there were no intersegment revenues) and Adjusted EBITDA for the three and six months ended June 30, 2016 and 2015 and reconciliations of Adjusted EBITDA to net loss for each period presented. Although the three month periods are comparable, the year-to-date periods are not comparable as the results for 2015 include the results of operations for the period from the Real Alloy acquisition date to June 30, 2015, or approximately four months.  

	Three Months Ended June 30, 2016
(In millions)	RANA		RAEU		Total
Revenues	$	212.4	$	108.4	$	320.8
Adjusted EBITDA	$	14.3	$	6.6	$	20.9

	Three Months Ended June 30, 2015
(In millions)	RANA		RAEU		Total
Revenues	$	231.0	$	137.6	$	368.6
Adjusted EBITDA	$	15.9	$	7.0	$	22.9

	Six Months Ended June 30, 2016
(In millions)	RANA		RAEU		Total
Revenues	$	413.2	$	217.0	$	630.2
Adjusted EBITDA	$	27.5	$	11.7	$	39.2

	Six Months Ended June 30, 2015
(In millions)	RANA		RAEU		Total
Revenues	$	316.5	$	189.9	$	506.4
Adjusted EBITDA	$	20.9	$	9.5	$	30.4

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)		2016			2015			2016			2015
Adjusted EBITDA	$	20.9		$	22.9		$	39.2		$	30.4
Unrealized gains (losses) on    derivative financial instruments		1.9			(1.3	)		1.5			(1.3	)
Segment depreciation and amortization		(10.6	)		(10.2	)		(25.3	)		(13.9	)
Amortization of inventories and supplies    purchase accounting adjustments		(0.3	)		(3.5	)		(0.9	)		(7.2	)
Corporate and Other:
Operating loss—excludes share-based    compensation expense		(3.1	)		(3.8	)		(5.9	)		(6.7	)
Share-based compensation expense		(0.5	)		(0.3	)		(1.0	)		(0.6	)
Other		(0.2	)		(1.0	)		(1.6	)		(1.1	)
Operating profit (loss)		8.1			2.8			6.0			(0.4	)
Nonoperating expenses		(9.2	)		(16.3	)		(16.4	)		(38.3	)
Income tax benefit (expense)		(0.2	)		(0.2	)		(0.9	)		7.2
Earnings from discontinued operations,    net of income taxes		0.1			2.9			0.1			27.2
Net loss	$	(1.2	)	$	(10.8	)	$	(11.2	)	$	(4.3	)

Summarized Balance Sheet Information of Reportable Segments

The following tables present summarized balance sheet information for each of our reportable segments and reconciliations to consolidated assets and liabilities as of June 30, 2016 and December 31, 2015:

	June 30, 2016				December 31, 2015
(In millions)	RANA		RAEU		RANA		RAEU
Segment Assets
Current assets:
Cash and cash equivalents	$	16.4	$	5.3	$	8.1	$	7.2
Trade accounts receivable, net		77.6		16.0		63.7		13.5
Financing receivable		—		40.9		—		32.7
Inventories		57.3		31.1		61.7		38.5
Prepaid expenses, supplies, and other    current assets		15.7		5.9		12.5		6.8
Total current assets		167.0		99.2		146.0		98.7
Property, plant and equipment, net		193.2		97.2		199.3		102.2
Intangible assets, net		13.8		—		15.0		—
Goodwill		95.4		9.1		95.4		8.9
Other noncurrent assets		5.0		2.0		4.9		1.9
Total segment assets	$	474.4	$	207.5	$	460.6	$	211.7
Segment Liabilities
Current liabilities:
Trade payables	$	70.2	$	42.0	$	58.1	$	42.3
Accrued liabilities		31.3		12.0		34.3		14.6
Total current liabilities		101.5		54.0		92.4		56.9
Accrued pension benefits		—		38.8		—		38.0
Environmental liabilities		11.7		—		11.7		—
Other noncurrent liabilities		4.4		1.8		4.1		1.4
Total segment liabilities	$	117.6	$	94.6	$	108.2	$	96.3

	June 30,		December 31,
(In millions)		2016		2015
Assets:
Real Alloy North America	$	474.4	$	460.6
Real Alloy Europe		207.5		211.7
Unallocated		22.2		28.6
Total consolidated assets	$	704.1	$	700.9
Liabilities:
Real Alloy North America	$	117.6	$	108.2
Real Alloy Europe		94.6		96.3
Unallocated		336.4		332.1
Total consolidated liabilities	$	548.6	$	536.6