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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 281.7 $ 273.4
Short-term investments 47.3 85.0
Receivables:    
Trade, less allowance for doubtful receivables of $0.8 at June 30, 2013 and December 31, 2012 122.7 123.8
Other 11.6 3.4
Inventories 202.9 186.0
Prepaid expenses and other current assets 70.1 70.1
Total current assets 736.3 741.7
Property, plant, and equipment – net 398.3 384.3
Net asset in respect of VEBA 379.1 365.9
Deferred tax assets – net (including deferred tax liability relating to the VEBAs of $142.2 at June 30, 2013 and $136.9 at December 31, 2012) 75.8 102.0
Intangible assets – net 34.5 35.4
Goodwill 37.2 37.2
Other assets 78.5 86.0
Total 1,739.7 1,752.5
Current liabilities:    
Accounts payable 73.2 62.5
Accrued salaries, wages, and related expenses 33.7 39.3
Other accrued liabilities 39.9 51.8
Payable to affiliate 0 7.9
Short-term capital lease 0.3 0.1
Total current liabilities 147.1 161.6
Net liability in respect of VEBA 4.5 5.3
Long-term liabilities 127.0 134.5
Long-term debt 384.3 380.3
Total liabilities 662.9 681.7
Commitments and contingencies – Note 8      
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2013 and December 31, 2012; no shares were issued and outstanding at June 30, 2013 and December 31, 2012 0 0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2013 and at December 31, 2012; 21,113,395 shares issued and 18,734,512 shares outstanding at June 30, 2013; 21,037,841 shares issued and 19,313,235 shares outstanding at December 31, 2012 0.2 0.2
Additional paid in capital 1,021.1 1,017.7
Retained earnings 191.8 151.2
Treasury stock, at cost, 2,378,883 shares at June 30, 2013 and 1,724,606 shares at December 31, 2012, respectively (112.8) (72.3)
Accumulated other comprehensive loss (23.5) (26.0)
Total stockholders’ equity 1,076.8 1,070.8
Total $ 1,739.7 $ 1,752.5