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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
CURRENT ASSETS:      
Cash and equivalents $ 2.9 $ 0.3 $ 1.8
Trade accounts receivable, net 105.8 69.3 95.5
Inventories, net 120.3 105.7 108.5
Other current assets 13.1 10.6 9.2
Total current assets 242.1 185.9 215.0
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 31.8 32.3 32.6
Machinery and equipment 59.7 58.2 58.8
Gross property, plant and equipment 96.5 95.5 96.4
Less accumulated depreciation 68.7 67.1 66.6
Property, plant and equipment, net 27.8 28.4 29.8
OTHER ASSETS:      
Operating lease right-of-use assets 34.1 33.9 38.6
Other 4.3 4.4 4.8
Total other assets 38.4 38.3 43.4
TOTAL ASSETS 308.3 252.6 288.2
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.8 1.7 1.7
Current maturities of operating lease right-of-use liabilities 9.1 9.1 9.8
Trade accounts payable 75.3 53.1 62.9
Accrued compensation 12.5 10.0 5.5
Other accrued liabilities 17.8 15.7 15.3
Total current liabilities 116.5 89.6 95.2
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 97.5 92.4 125.6
Operating lease right-of-use liabilities, less current maturities 25.0 24.9 29.0
Other non-current liabilities 2.4 2.4 2.2
Total non-current liabilities 124.9 119.7 156.8
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 27,399,870; 26,889,190; and 26,894,006 shares issued and outstanding at June 30, 2021, December 31, 2020 and June 30, 2020, respectively) 0.3 0.3 0.3
Additional paid-in capital 50.1 49.5 48.8
Retained earnings (accumulated deficit) 16.5 (6.5) (12.9)
Total shareholders’ equity 66.9 43.3 36.2
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 308.3 $ 252.6 $ 288.2