Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Reconciliation of Segment Adjusted EBITDA from Continuing Operations

The following tables show segment revenues from external customers (there were no intersegment revenues) and Segment Adjusted EBITDA for the three and six months ended June 30, 2017 and 2016, and reconciliations of Segment Adjusted EBITDA to net loss for each period presented. 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 June 30, 2017
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	234.4	$	115.8	$	—	$	350.2
Segment Adjusted EBITDA	$	8.7	$	8.5	$	—	$	17.2

	Three Months Ended June 30, 2016
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	212.4	$	108.4	$	0.1	$	320.9
Segment Adjusted EBITDA	$	14.3	$	6.6	$	—	$	20.9

	Six Months Ended June 30, 2017
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	460.0	$	227.3	$	—	$	687.3
Segment Adjusted EBITDA	$	15.0	$	14.5	$	—	$	29.5

	Six Months Ended June 30, 2016
(In millions)	RANA		RAEU		Corporate and Other		Total
Revenues	$	413.2	$	217.0	$	0.1	$	630.3
Segment Adjusted EBITDA	$	27.5	$	11.7	$	—	$	39.2

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)		2017			2016			2017			2016
Segment Adjusted EBITDA	$	17.2		$	20.9		$	29.5		$	39.2
Unrealized gains (losses) on derivative financial    instruments		(0.1	)		1.9			(0.4	)		1.5
Segment depreciation and amortization		(10.1	)		(10.6	)		(21.6	)		(25.3	)
Amortization of inventories and supplies purchase    accounting adjustments		—			(0.3	)		—			(0.9	)
Corporate and Other selling, general and    administrative expenses		(2.5	)		(3.6	)		(5.7	)		(6.9	)
Other, net		(0.7	)		(0.2	)		(1.6	)		(1.6	)
Operating profit		3.8			8.1			0.2			6.0
Interest expense, net		(9.6	)		(9.1	)		(20.6	)		(18.3	)
Change in fair value of common stock warrant    liability		(0.2	)		1.3			2.3			0.7
Foreign exchange gains (losses) on intercompany    loans		1.4			(1.6	)		2.2			1.0
Income (loss) from equity method investment		(0.5	)		—			0.6			—
Other nonoperating income (expense), net		—			0.2			(0.3	)		0.2
Income tax expense		(1.1	)		(0.2	)		(1.9	)		(0.9	)
Earnings from discontinued operations, net of    income taxes		—			0.1			—			0.1
Net loss	$	(6.2	)	$	(1.2	)	$	(17.5	)	$	(11.2	)

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, 2017 and December 31, 2016:

	June 30, 2017				December 31, 2016
(In millions)	RANA		RAEU		RANA		RAEU
Segment Assets
Current assets:
Cash and cash equivalents	$	8.7	$	5.3	$	11.5	$	5.7
Trade accounts receivable, net		96.4		16.5		76.2		12.2
Financing receivable		—		32.5		—		28.4
Inventories		83.1		37.0		79.3		38.9
Prepaid expenses, supplies and other    current assets		19.3		7.2		13.7		6.4
Total current assets		207.5		98.5		180.7		91.6
Property, plant and equipment, net		187.8		102.0		195.0		94.2
Equity method investment		5.6		—		5.0		—
Identifiable intangible assets, net		11.3		—		12.5		—
Goodwill		33.6		9.3		33.6		8.6
Other noncurrent assets		3.8		3.8		5.0		3.5
Total segment assets	$	449.6	$	213.6	$	431.8	$	197.9
Segment Liabilities
Current liabilities:
Trade payables	$	80.4	$	43.9	$	73.8	$	41.8
Accrued liabilities		33.0		15.3		30.0		13.4
Total current liabilities		113.4		59.2		103.8		55.2
Accrued pension benefits		—		45.9		—		42.0
Environmental liabilities		11.6		—		11.6		—
Other noncurrent liabilities		4.7		1.9		4.5		1.8
Total segment liabilities	$	129.7	$	107.0	$	119.9	$	99.0

	June 30,		December 31,
(In millions)		2017	2016
Assets:
Real Alloy North America	$	449.6	$	431.8
Real Alloy Europe		213.6		197.9
Cash and cash equivalents—Corporate and Other		4.4		9.9
Other unallocated assets		3.4		5.9
Total consolidated assets	$	671.0	$	645.5
Liabilities:
Real Alloy North America	$	129.7	$	119.9
Real Alloy Europe		107.0		99.0
Long-term debt		379.5		356.5
Common stock warrant liability		2.1		4.4
Deferred income taxes, net		2.5		2.5
Other unallocated liabilities		3.2		3.8
Total consolidated liabilities	$	624.0	$	586.1