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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and equivalents $ 0.8 $ 0.3
Trade accounts receivable, net 69.0 66.8
Inventories, net 134.0 111.9
Other current assets 14.7 11.4
Total current assets 218.5 190.4
Property, Plant and Equipment:    
Land 5.0 5.0
Building and improvements 32.3 31.1
Machinery and equipment 56.0 49.8
Gross property, plant and equipment 93.3 85.9
Less accumulated depreciation 60.0 56.4
Property, plant and equipment, net 33.3 29.5
Other Assets:    
Goodwill 9.5 9.5
Deferred income taxes 11.1 9.7
Other 5.6 6.8
Total other assets 26.2 26.0
Total Assets 278.0 245.9
Current Liabilities:    
Current maturities of long-term debt 1.8 1.2
Trade accounts payable 51.5 51.0
Accrued compensation 5.0 6.3
Other accrued liabilities 18.0 16.6
Total current liabilities 76.3 75.1
Non-current Liabilities:    
Long-term debt, less current maturities 137.1 101.8
Other non-current liabilities 2.6 2.5
Total non-current liabilities 139.7 104.3
Shareholders’ Equity:    
Preferred shares; $.01 par (5,000,000 shares authorized)
Common shares; $.01 par (75,000,000 shares authorized: 25,993,441 shares issued and outstanding at December 31, 2018 and 25,843,166 at December 31, 2017) 0.3 0.3
Additional paid-in capital 46.0 44.1
Retained earnings 15.7 22.1
Total shareholders’ equity 62.0 66.5
Total Liabilities and Shareholders’ Equity $ 278.0 $ 245.9