XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 122.4 $ 125.6
Short-term investments 24.4 36.7
Receivables:    
Trade receivables, net 178.1 179.8
Other 25.1 25.6
Contract assets 46.9 54.9
Inventories 231.1 215.1
Prepaid expenses and other current assets 21.7 18.9
Total current assets 649.7 656.6
Property, plant and equipment, net 613.8 611.8
Operating lease assets 26.8 0.0
Deferred tax assets, net 15.5 35.9
Intangible assets, net 31.0 32.4
Goodwill 44.0 44.0
Other assets 41.3 38.6
Total 1,422.1 1,419.3
Current liabilities:    
Accounts payable 101.3 121.4
Accrued salaries, wages and related expenses 30.4 40.1
Other accrued liabilities 47.2 44.0
Total current liabilities 178.9 205.5
Long-term portion of operating lease liabilities 26.0 0.0
Net liabilities of Salaried VEBA 32.6 32.4
Deferred tax liabilities 4.2 4.2
Long-term liabilities 63.2 66.4
Long-term debt 370.9 370.4
Total liabilities 675.8 678.9
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2019 and December 31, 2018; no shares were issued and outstanding at June 30, 2019 and December 31, 2018 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2019 and at December 31, 2018; 22,549,931 shares issued and 16,028,675 shares outstanding at June 30, 2019; 22,471,705 shares issued and 16,234,603 shares outstanding at December 31, 2018 0.2 0.2
Additional paid in capital 1,059.2 1,059.3
Retained earnings 177.3 150.2
Treasury stock, at cost, 6,521,256 shares at June 30, 2019 and 6,237,102 shares at December 31, 2018, respectively (448.1) (420.5)
Accumulated other comprehensive loss (42.3) (48.8)
Total stockholders' equity 746.3 740.4
Total $ 1,422.1 $ 1,419.3