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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 248.0 $ 273.4
Short-term investments 85.6 85.0
Receivables:    
Trade, less allowance for doubtful receivables of $0.8 at March 31, 2013 and December 31, 2012 141.8 123.8
Other 11.8 3.4
Inventories 199.3 186.0
Prepaid expenses and other current assets 71.0 70.1
Total current assets 757.5 741.7
Property, plant, and equipment – net 386.4 384.3
Net asset in respect of VEBA 372.5 365.9
Deferred tax assets – net (including deferred tax liability relating to the VEBAs of $139.5 at March 31, 2013 and $136.9 at December 31, 2012) 87.0 102.0
Intangible assets – net 35.0 35.4
Goodwill 37.2 37.2
Other assets 88.8 86.0
Total 1,764.4 1,752.5
Current liabilities:    
Accounts payable 73.2 62.5
Accrued salaries, wages, and related expenses 33.1 39.3
Other accrued liabilities 38.4 51.8
Payable to affiliate 12.3 7.9
Short-term capital lease 0.2 0.1
Total current liabilities 157.2 161.6
Net liability in respect of VEBA 4.9 5.3
Long-term liabilities 135.2 134.5
Long-term debt 382.3 380.3
Total liabilities 679.6 681.7
Commitments and contingencies – Note 7      
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2013 and December 31, 2012; no shares were issued and outstanding at March 31, 2013 and December 31, 2012 0 0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2013 and at December 31, 2012; 21,093,816 shares issued and 19,109,614 shares outstanding at March 31, 2013; 21,037,841 shares issued and 19,313,235 shares outstanding at December 31, 2012 0.2 0.2
Additional paid in capital 1,018.9 1,017.7
Retained earnings 179.0 151.2
Treasury stock, at cost, 1,984,202 shares at March 31, 2013 and 1,724,606 shares at December 31, 2012, respectively (88.5) (72.3)
Accumulated other comprehensive loss (24.8) (26.0)
Total stockholders’ equity 1,084.8 1,070.8
Total $ 1,764.4 $ 1,752.5