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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
CURRENT ASSETS:      
Cash and equivalents $ 0.8 $ 2.2 $ 2.9
Trade accounts receivable, net 85.8 60.5 88.5
Inventories, net 107.7 139.4 142.7
Other current assets 9.7 12.8 13.1
Total current assets 204.0 214.9 247.2
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 32.5 32.4 32.5
Machinery and equipment 59.0 58.2 57.3
Gross property, plant and equipment 96.5 95.6 94.8
Less accumulated depreciation 67.0 64.4 63.2
Property, plant and equipment, net 29.5 31.2 31.6
OTHER ASSETS:      
Operating lease right-of-use assets 36.3 40.9 39.5
Goodwill 0.0 9.5 9.5
Deferred income taxes     0.1
Other 4.6 5.0 5.2
Total other assets 40.9 55.4 54.3
TOTAL ASSETS 274.4 301.5 333.1
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.8 1.7 1.7
Current maturities of operating lease right-of-use liabilities 9.6 9.7 9.6
Trade accounts payable 67.9 56.8 68.4
Accrued compensation 8.1 5.5 2.7
Other accrued liabilities 15.2 15.8 14.4
Total current liabilities 102.6 89.5 96.8
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 99.8 135.1 151.8
Operating lease right-of-use liabilities, less current maturities 27.0 31.6 30.5
Other non-current liabilities 2.3 2.4 2.4
Total non-current liabilities 129.1 169.1 184.7
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 26,889,190; 26,441,926; and 26,538,181 shares issued at September 30, 2020, December 31, 2019 and September 30, 2019, respectively) 0.3 0.3 0.3
Additional paid-in capital 49.2 48.2 47.5
Retained earnings (accumulated deficit) (6.8) (5.6) 3.8
Total shareholders’ equity 42.7 42.9 51.6
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 274.4 $ 301.5 $ 333.1