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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
CURRENT ASSETS:      
Cash and equivalents $ 0.9 $ 0.8 $ 1.3
Trade accounts receivable, net 89.2 69.0 100.9
Inventories, net 149.2 134.0 139.3
Other current assets 12.3 14.7 10.7
Total current assets 251.6 218.5 252.2
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.4 32.3 31.2
Machinery and equipment 56.2 56.0 51.8
Gross property, plant and equipment 93.6 93.3 88.0
Less accumulated depreciation 61.0 60.0 57.3
Property, plant and equipment, net 32.6 33.3 30.7
OTHER ASSETS:      
Operating lease right-of-use assets 35.2    
Goodwill 9.5 9.5 9.5
Deferred income taxes 11.9 11.1 10.8
Other 5.4 5.6 6.4
Total other assets 62.0 26.2 26.7
TOTAL ASSETS 346.2 278.0 309.6
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.7 1.8 1.3
Current maturities of operating lease right-of-use assets 9.1    
Trade accounts payable 86.6 51.5 80.5
Accrued compensation 2.1 5.0 2.5
Other accrued liabilities 14.7 18.0 11.5
Total current liabilities 114.2 76.3 95.8
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 143.6 137.1 145.4
Operating lease right-of-use liabilities, less current maturities 26.6    
Other non-current liabilities 2.6 2.6 2.3
Total non-current liabilities 172.8 139.7 147.7
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,548,886; 25,993,441; and 26,070,616 shares issued at March 31, 2019, December 31, 2018 and March 31, 2018, respectively) 0.3 0.3 0.3
Additional paid-in capital 46.4 46.0 44.2
Retained earnings 12.5 15.7 21.6
Total shareholders’ equity 59.2 62.0 66.1
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 346.2 $ 278.0 $ 309.6