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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
CURRENT ASSETS:      
Cash and equivalents $ 2.9 $ 0.8 $ 1.5
Trade accounts receivable, net 88.5 69.0 96.3
Inventories, net 142.7 134.0 153.7
Other current assets 13.1 14.7 13.1
Total current assets 247.2 218.5 264.6
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.5 32.3 32.4
Machinery and equipment 57.3 56.0 54.6
Gross property, plant and equipment 94.8 93.3 92.0
Less accumulated depreciation 63.2 60.0 59.1
Property, plant and equipment, net 31.6 33.3 32.9
OTHER ASSETS:      
Operating lease right-of-use assets 39.5    
Goodwill 9.5 9.5 9.5
Deferred income taxes 0.1 11.1 10.1
Other 5.2 5.6 6.1
Total other assets 54.3 26.2 25.7
TOTAL ASSETS 333.1 278.0 323.2
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.7 1.8 1.5
Current maturities of operating lease right-of-use liabilities 9.6    
Trade accounts payable 68.4 51.5 64.7
Accrued compensation 2.7 5.0 3.2
Other accrued liabilities 14.4 18.0 16.1
Total current liabilities 96.8 76.3 85.5
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 151.8 137.1 166.8
Operating lease right-of-use liabilities, less current maturities 30.5    
Other non-current liabilities 2.4 2.6 2.2
Total non-current liabilities 184.7 139.7 169.0
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,538,181; 25,993,441; and 26,040,012 shares issued at September 30, 2019, December 31, 2018 and September 30, 2018, respectively) 0.3 0.3 0.3
Additional paid-in capital 47.5 46.0 45.4
Retained earnings 3.8 15.7 23.0
Total shareholders’ equity 51.6 62.0 68.7
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 333.1 $ 278.0 $ 323.2