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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 72.9 $ 72.5
Short-term investments 201.0 30.0
Receivables:    
Trade receivables – net 142.2 116.7
Other 7.3 6.1
Inventories 223.6 219.6
Prepaid expenses and other current assets1 [1] 10.9 56.7
Total current assets 657.9 501.6
Property, plant and equipment – net 518.6 495.4
Deferred tax assets – net [1],[2] 170.9 163.3
Intangible assets – net 26.7 30.5
Goodwill 37.2 37.2
Other assets [1] 22.1 19.6
Total 1,433.4 1,247.6
Current liabilities:    
Accounts payable 69.6 76.7
Accrued salaries, wages and related expenses 42.8 39.8
Other accrued liabilities 46.7 52.7
Short-term capital leases 0.1 0.1
Total current liabilities 159.2 169.3
Net liabilities of Salaried VEBA 18.2 19.0
Deferred tax liabilities 2.2 2.1
Long-term liabilities 71.2 87.5
Long-term debt [1] 368.5 194.6
Total liabilities 619.3 472.5
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both September 30, 2016 and December 31, 2015; no shares were issued and outstanding at September 30, 2016 and December 31, 2015 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both September 30, 2016 and at December 31, 2015; 22,330,955 shares issued and 17,923,218 shares outstanding at September 30, 2016; 22,291,180 shares issued and 18,053,747 shares outstanding at December 31, 2015 0.2 0.2
Additional paid in capital [2] 1,044.3 1,037.3
Retained earnings [2] 58.7 15.8
Treasury stock, at cost, 4,407,737 shares at September 30, 2016 and 4,237,433 shares at December 31, 2015, respectively (260.3) (246.5)
Accumulated other comprehensive loss (28.8) (31.7)
Total stockholders' equity 814.1 775.1
Total $ 1,433.4 $ 1,247.6
[1] See Note 1 for discussion of our adoption of ASU 2015-03 and ASU 2015-17 (as defined in Note 1).
[2] See Note 4 and Note 6 for discussion of our adoption of ASU 2016-09 (as defined in Note 1).