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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and equivalents $ 0.3 $ 0.5
Trade accounts receivable, net 56.3 48.9
Inventories 64.3 67.4
Other current assets 7.3 7.8
Total current assets 128.2 124.6
Property, Plant and Equipment:    
Land 4.3 4.3
Building and improvements 26.5 25.4
Machinery and equipment 37.3 36.0
Gross property, plant and equipment 68.1 65.7
Less accumulated depreciation 50.9 48.8
Property, plant and equipment, net 17.2 16.9
Other Assets:    
Goodwill 6.3 6.3
Other 1.7 2.2
Deferred income taxes 24.0 8.0
Total other assets 32.0 16.5
Total Assets 177.4 158.0
Current Liabilities:    
Current maturities of long-term debt 1.2 1.3
Trade accounts payable 43.6 39.4
Deferred income taxes 4.9 8.0
Accrued compensation 5.5 4.0
Other accrued liabilities 13.8 13.4
Total current liabilities 69.0 66.1
Non-current Liabilities:    
Long-term debt, less current maturities 47.4 62.4
Other non-current liabilities 8.1 3.8
Total non-current liabilities $ 55.5 $ 66.2
Shareholders’ Equity:    
Preferred shares; $.01 par (5,000,000 shares authorized)
Common shares; $.01 par (50,000,000 shares authorized: 24,977,208 shares issued and outstanding at December 31, 2015 and 24,556,536 at December 31, 2014) $ 0.2 $ 0.2
Additional paid-in capital 41.6 40.4
Retained earnings (accumulated deficit) 11.1 (14.9)
Total shareholders’ equity 52.9 25.7
Total Liabilities and Shareholders’ Equity $ 177.4 $ 158.0