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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and equivalents $ 2.2 $ 0.8
Trade accounts receivable, net 60.5 69.0
Inventories, net 139.4 134.0
Other current assets 12.8 14.7
Total current assets 214.9 218.5
Property, Plant and Equipment:    
Land 5.0 5.0
Building and improvements 32.4 32.3
Machinery and equipment 58.2 56.0
Gross property, plant and equipment 95.6 93.3
Less accumulated depreciation 64.4 60.0
Property, plant and equipment, net 31.2 33.3
Other Assets:    
Operating lease right-of-use assets 40.9  
Goodwill 9.5 9.5
Deferred income taxes   11.1
Other 5.0 5.6
Total other assets 55.4 26.2
Total Assets 301.5 278.0
Current Liabilities:    
Current maturities of long-term debt 1.7 1.8
Current maturities of operating lease right-of-use liabilities 9.7  
Trade accounts payable 56.8 51.5
Accrued compensation 5.5 5.0
Other accrued liabilities 15.8 18.0
Total current liabilities 89.5 76.3
Non-current Liabilities:    
Long-term debt, less current maturities 135.1 137.1
Operating lease right-of-use liabilities 31.6  
Other non-current liabilities 2.4 2.6
Total non-current liabilities 169.1 139.7
Shareholders’ Equity:    
Preferred shares; $.01 par (5,000,000 shares authorized)
Common shares; $.01 par (75,000,000 shares authorized: 26,441,926 shares issued and outstanding at December 31, 2019 and 25,993,441 at December 31, 2018) 0.3 0.3
Additional paid-in capital 48.2 46.0
Retained earnings (accumulated deficit) (5.6) 15.7
Total shareholders’ equity 42.9 62.0
Total Liabilities and Shareholders’ Equity $ 301.5 $ 278.0