Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Reconciliations of Segment Adjusted EBITDA from Continuing Operations

Reportable segment information

The following tables show segment revenues from external customers (there were no intersegment revenues) and Segment Adjusted EBITDA for the three and nine months ended September 30, 2016 and 2015, and reconciliations of Segment Adjusted EBITDA to net earnings (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 September 30, 2015, or approximately seven months. Segment Adjusted EBITDA presents only the financial performance of our segments and does not include the results of operations of Corporate and Other.   

	Three Months Ended September 30, 2016
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	200.5	$	114.4	$	—	$	314.9
Segment Adjusted EBITDA	$	9.0	$	7.9			$	16.9

	Three Months Ended September 30, 2015
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	205.2	$	133.4	$	—	$	338.6
Segment Adjusted EBITDA	$	15.4	$	7.4			$	22.8

	Nine Months Ended September 30, 2016
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	613.7	$	331.5	$	—	$	945.2
Segment Adjusted EBITDA	$	36.5	$	19.6			$	56.1

	Nine Months Ended September 30, 2015
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	521.7	$	323.3	$	0.1	$	845.1
Segment Adjusted EBITDA	$	36.3	$	16.9			$	53.2

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)		2016			2015			2016			2015
Segment Adjusted EBITDA	$	16.9		$	22.8		$	56.1		$	53.2
Unrealized gains (losses) on derivative    financial instruments		(0.6	)		0.5			0.9			(0.8	)
Segment depreciation and amortization		(11.3	)		(10.3	)		(36.6	)		(24.2	)
Amortization of inventories and supplies    purchase accounting adjustments		—			(1.3	)		(0.9	)		(8.5	)
Corporate and Other selling, general and    administrative expenses		(7.5	)		(3.2	)		(14.4	)		(10.5	)
Other, net		(1.0	)		(1.1	)		(2.6	)		(2.2	)
Operating profit (loss)		(3.5	)		7.4			2.5			7.0
Interest expense, net		(9.2	)		(9.2	)		(27.5	)		(26.6	)
Change in fair value of common    stock warrant liability		1.9			3.4			2.6			(2.2	)
Acquisition-related costs and expenses		—			—			—			(14.8	)
Foreign exchange gains on intercompany loans		—			—			1.0			—
Other nonoperating income, net		(0.5	)		0.9			(0.3	)		0.4
Income tax benefit (expense)		0.5			(0.5	)		(0.4	)		6.7
Earnings (loss) from discontinued    operations, net of income taxes		—			(0.7	)		0.1			26.5
Net earnings (loss)	$	(10.8	)	$	1.3		$	(22.0	)	$	(3.0	)

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 September 30, 2016 and December 31, 2015:

	September 30, 2016				December 31, 2015
(In millions)	RANA		RAEU		RANA		RAEU
Segment Assets
Current assets:
Cash and cash equivalents	$	15.8	$	5.8	$	8.1	$	7.2
Trade accounts receivable, net		80.9		16.2		63.7		13.5
Financing receivable		—		45.2		—		32.7
Inventories		65.0		29.7		61.7		38.5
Prepaid expenses, supplies, and other    current assets		15.5		6.9		12.5		6.8
Total current assets		177.2		103.8		146.0		98.7
Property, plant and equipment, net		189.8		97.4		199.3		102.2
Intangible assets, net		13.2		—		15.0		—
Goodwill		95.4		9.2		95.4		8.9
Other noncurrent assets		5.0		2.8		4.9		1.9
Total segment assets	$	480.6	$	213.2	$	460.6	$	211.7
Segment Liabilities
Current liabilities:
Trade payables	$	70.8	$	41.4	$	58.1	$	42.3
Accrued liabilities		22.2		14.1		34.3		14.6
Total current liabilities		93.0		55.5		92.4		56.9
Accrued pension benefits		—		39.3		—		38.0
Environmental liabilities		11.7		—		11.7		—
Other noncurrent liabilities		4.5		1.8		4.1		1.4
Total segment liabilities	$	109.2	$	96.6	$	108.2	$	96.3

	September 30,		December 31,
(In millions)		2016		2015
Assets:
Real Alloy North America	$	480.6	$	460.6
Real Alloy Europe		213.2		211.7
Cash and cash equivalents - Corporate and Other		13.0		20.4
Other unallocated assets		5.5		8.2
Total consolidated assets	$	712.3	$	700.9
Liabilities:
Real Alloy North America	$	109.2	$	108.2
Real Alloy Europe		96.6		96.3
Long-term debt		342.2		314.4
Common stock warrant liability		4.2		6.9
Deferred income taxes		5.9		6.7
Other unallocated liabilities		6.9		4.1
Total consolidated liabilities	$	565.0	$	536.6