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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
CURRENT ASSETS:      
Cash and equivalents $ 1.1 $ 0.8 $ 1.6
Trade accounts receivable, net 96.7 69.0 118.5
Inventories, net 141.7 134.0 147.4
Other current assets 13.4 14.7 12.1
Total current assets 252.9 218.5 279.6
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.5 32.3 31.8
Machinery and equipment 56.5 56.0 53.3
Gross property, plant and equipment 94.0 93.3 90.1
Less accumulated depreciation 62.0 60.0 58.0
Property, plant and equipment, net 32.0 33.3 32.1
OTHER ASSETS:      
Operating lease right-of-use assets 34.2    
Goodwill 9.5 9.5 9.5
Deferred income taxes   11.1 10.6
Other 5.5 5.6 6.4
Total other assets 49.2 26.2 26.5
TOTAL ASSETS 334.1 278.0 338.2
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.7 1.8 1.3
Current maturities of operating lease right-of-use assets 9.2    
Trade accounts payable 69.6 51.5 68.4
Accrued compensation 4.4 5.0 4.7
Other accrued liabilities 13.1 18.0 16.4
Total current liabilities 98.0 76.3 90.8
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 158.6 137.1 178.2
Operating lease right-of-use liabilities, less current maturities 25.5    
Other non-current liabilities 2.5 2.6 2.2
Total non-current liabilities 186.6 139.7 180.4
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,542,639; 25,993,441; and 26,066,782 shares issued at June 30, 2019, December 31, 2018 and June 30, 2018, respectively) 0.3 0.3 0.3
Additional paid-in capital 47.0 46.0 44.9
Retained earnings 2.2 15.7 21.8
Total shareholders’ equity 49.5 62.0 67.0
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 334.1 $ 278.0 $ 338.2