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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 307.2 $ 264.3
Short-term investments 39.3 78.7
Receivables:    
Trade receivables, net 175.2 167.1
Other 22.6 18.1
Contract assets 47.1 54.6
Inventories 194.6 177.6
Prepaid expenses and other current assets 20.4 19.4
Total current assets 806.4 779.8
Property, plant and equipment, net 630.9 622.0
Operating lease assets 28.8 25.8
Deferred tax assets, net 2.0 11.8
Intangible assets, net 28.9 29.6
Goodwill 18.8 18.8
Other assets 37.3 38.4
Total 1,553.1 1,526.2
Current liabilities:    
Accounts payable 113.9 92.0
Accrued salaries, wages and related expenses 28.3 34.4
Other accrued liabilities 56.9 44.0
Total current liabilities 199.1 170.4
Long-term portion of operating lease liabilities 27.8 25.2
Net liabilities of Salaried VEBA 32.5 32.6
Deferred tax liabilities 4.5 4.5
Long-term liabilities 75.3 67.0
Long-term debt 492.8 492.6
Total liabilities 832.0 792.3
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2020 and December 31, 2019; no shares were issued and outstanding at March 31, 2020 and December 31, 2019 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2020 and at December 31, 2019; 22,624,880 shares issued and 15,789,594 shares outstanding at March 31, 2020; 22,550,827 shares issued and 15,868,304 shares outstanding at December 31, 2019 0.2 0.2
Additional paid in capital 1,060.3 1,062.9
Retained earnings 190.6 172.8
Treasury stock, at cost, 6,835,286 shares at March 31, 2020 and 6,682,523 shares at December 31, 2019, respectively (475.9) (463.4)
Accumulated other comprehensive loss (54.1) (38.6)
Total stockholders' equity 721.1 733.9
Total $ 1,553.1 $ 1,526.2