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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 57.1 $ 55.2
Short-term investments 175.7 231.0
Receivables:    
Trade receivables, net 145.6 137.7
Other 10.7 11.9
Inventories 199.9 201.6
Prepaid expenses and other current assets 26.8 18.5
Total current assets 615.8 655.9
Property, plant and equipment, net 552.1 530.9
Deferred tax assets, net 138.3 159.7
Intangible assets, net 25.7 26.4
Goodwill 18.8 37.2
Other assets 36.0 33.4
Total 1,386.7 1,443.5
Current liabilities:    
Accounts payable 84.2 75.8
Accrued salaries, wages and related expenses 34.6 49.1
Other accrued liabilities 37.5 40.1
Total current liabilities 156.3 165.0
Net liabilities of Salaried VEBA 28.0 28.6
Deferred tax liabilities 3.3 3.3
Long-term liabilities 61.1 73.2
Long-term debt 369.2 368.7
Total liabilities 617.9 638.8
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2017 and December 31, 2016; no shares were issued and outstanding at June 30, 2017 and December 31, 2016 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2017 and at December 31, 2016; 22,392,995 shares issued and 16,923,738 shares outstanding at June 30, 2017; 22,332,732 shares issued and 17,651,461 shares outstanding at December 31, 2016 0.2 0.2
Additional paid in capital 1,049.3 1,047.4
Retained earnings 97.6 75.2
Treasury stock, at cost, 5,469,257 shares at June 30, 2017 and 4,681,271 shares at December 31, 2016, respectively (344.0) (281.4)
Accumulated other comprehensive loss (34.3) (36.7)
Total stockholders' equity 768.8 804.7
Total $ 1,386.7 $ 1,443.5