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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
CURRENT ASSETS:      
Cash and equivalents $ 0.4 $ 2.2 $ 0.9
Trade accounts receivable, net 96.7 60.5 89.2
Inventories, net 147.3 139.4 149.2
Other current assets 10.7 12.8 12.3
Total current assets 255.1 214.9 251.6
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.6 32.4 32.4
Machinery and equipment 58.4 58.2 56.2
Gross property, plant and equipment 96.0 95.6 93.6
Less accumulated depreciation 65.5 64.4 61.0
Property, plant and equipment, net 30.5 31.2 32.6
OTHER ASSETS:      
Operating lease right-of-use assets 38.6 40.9 35.2
Goodwill 0.0 9.5 9.5
Deferred income taxes     11.9
Other 4.8 5.0 5.4
Total other assets 43.4 55.4 62.0
TOTAL ASSETS 329.0 301.5 346.2
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.7 1.7 1.7
Current maturities of operating lease right-of-use liabilities 9.2 9.7 9.1
Trade accounts payable 85.5 56.8 86.6
Accrued compensation 2.9 5.5 2.1
Other accrued liabilities 15.1 15.8 14.7
Total current liabilities 114.4 89.5 114.2
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 148.2 135.1 143.6
Operating lease right-of-use liabilities, less current maturities 29.7 31.6 26.6
Other non-current liabilities 2.4 2.4 2.6
Total non-current liabilities 180.3 169.1 172.8
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,894,681; 26,441,926; and 26,070,616 shares issued at March 31, 2020, December 31, 2019 and March 31, 2019, respectively) 0.3 0.3 0.3
Additional paid-in capital 48.5 48.2 46.4
Retained earnings (accumulated deficit) (14.5) (5.6) 12.5
Total shareholders’ equity 34.3 42.9 59.2
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 329.0 $ 301.5 $ 346.2