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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
CURRENT ASSETS:      
Cash and equivalents $ 1.8 $ 2.2 $ 1.1
Trade accounts receivable, net 95.5 60.5 96.7
Inventories, net 108.5 139.4 141.7
Other current assets 9.2 12.8 13.4
Total current assets 215.0 214.9 252.9
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.6 32.4 32.5
Machinery and equipment 58.8 58.2 56.5
Gross property, plant and equipment 96.4 95.6 94.0
Less accumulated depreciation 66.6 64.4 62.0
Property, plant and equipment, net 29.8 31.2 32.0
OTHER ASSETS:      
Operating lease right-of-use assets 38.6 40.9 34.2
Goodwill 0.0 9.5 9.5
Other 4.8 5.0 5.5
Total other assets 43.4 55.4 49.2
TOTAL ASSETS 288.2 301.5 334.1
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.7 1.7 1.7
Current maturities of operating lease right-of-use liabilities 9.8 9.7 9.2
Trade accounts payable 62.9 56.8 69.6
Accrued compensation 5.5 5.5 4.4
Other accrued liabilities 15.3 15.8 13.1
Total current liabilities 95.2 89.5 98.0
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 125.6 135.1 158.6
Operating lease right-of-use liabilities, less current maturities 29.0 31.6 25.5
Other non-current liabilities 2.2 2.4 2.5
Total non-current liabilities 156.8 169.1 186.6
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,894,006; 26,441,926; and 26,542,639 shares issued at June 30, 2020, December 31, 2019 and June 30, 2019, respectively) 0.3 0.3 0.3
Additional paid-in capital 48.8 48.2 47.0
Retained earnings (accumulated deficit) (12.9) (5.6) 2.2
Total shareholders’ equity 36.2 42.9 49.5
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 288.2 $ 301.5 $ 334.1