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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 51.1 $ 55.2
Short-term investments 183.7 231.0
Receivables:    
Trade receivables, net 165.0 137.7
Other 15.5 11.9
Inventories 207.9 201.6
Prepaid expenses and other current assets 33.4 18.5
Total current assets 656.6 655.9
Property, plant and equipment, net 571.4 530.9
Deferred tax assets – net 72.0 159.7
Intangible assets, net 25.0 26.4
Goodwill 18.8 37.2
Other assets 41.4 33.4
Total 1,385.2 1,443.5
Current liabilities:    
Accounts payable 90.0 75.8
Accrued salaries, wages and related expenses 42.6 49.1
Other accrued liabilities 40.5 40.1
Total current liabilities 173.1 165.0
Net liabilities of Salaried VEBA 31.9 28.6
Deferred tax liabilities 4.3 3.3
Long-term liabilities 60.0 73.2
Long-term debt 369.6 368.7
Total liabilities 638.9 638.8
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2017 and December 31, 2016; no shares were issued and outstanding at December 31, 2017 and December 31, 2016 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2017 and December 31, 2016; 22,393,537 shares issued and 16,773,586 shares outstanding at December 31, 2017; 22,332,732 shares issued and 17,651,461 shares outstanding at December 31, 2016 0.2 0.2
Additional paid in capital 1,055.9 1,047.4
Retained earnings 85.5 75.2
Treasury stock, at cost, 5,619,951 shares at December 31, 2017 and 4,681,271 shares at December 31, 2016 (358.6) (281.4)
Accumulated other comprehensive loss (36.7) (36.7)
Total stockholders’ equity 746.3 804.7
Total $ 1,385.2 $ 1,443.5