XML 13 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
CURRENT ASSETS:      
Cash and equivalents $ 4.5 $ 0.3 $ 0.8
Trade accounts receivable, net 101.1 69.3 85.8
Inventories, net 128.1 105.7 107.7
Other current assets 17.9 10.6 9.7
Total current assets 251.6 185.9 204.0
PROPERTY, PLANT AND EQUIPMENT:      
Land 5.0 5.0 5.0
Buildings and improvements 31.7 32.3 32.5
Machinery and equipment 59.9 58.2 59.0
Gross property, plant and equipment 96.6 95.5 96.5
Less accumulated depreciation 69.2 67.1 67.0
Property, plant and equipment, net 27.4 28.4 29.5
OTHER ASSETS:      
Operating lease right-of-use assets 38.9 33.9 36.3
Other 6.6 4.4 4.6
Total other assets 45.5 38.3 40.9
TOTAL ASSETS 324.5 252.6 274.4
CURRENT LIABILITIES:      
Current maturities of long-term debt 1.8 1.7 1.8
Current maturities of operating lease right-of-use liabilities 10.0 9.1 9.6
Trade accounts payable 82.3 53.1 67.9
Accrued compensation 15.4 10.0 8.1
Other accrued liabilities 21.5 15.7 15.2
Total current liabilities 131.0 89.6 102.6
NON-CURRENT LIABILITIES:      
Long-term debt, less current maturities 76.4 92.4 99.8
Operating lease right-of-use liabilities, less current maturities 28.9 24.9 27.0
Other non-current liabilities 2.2 2.4 2.3
Total non-current liabilities 107.5 119.7 129.1
SHAREHOLDERS’ EQUITY:      
Preferred shares: $.01 par (5,000,000 shares authorized)
Common shares: $.01 par (75,000,000 shares authorized: 27,395,672; 26,889,190; and 26,889,190 shares issued and outstanding at September 30, 2021, December 31, 2020 and September 30, 2020, respectively) 0.3 0.3 0.3
Additional paid-in capital 50.5 49.5 49.2
Retained earnings (accumulated deficit) 35.2 (6.5) (6.8)
Total shareholders’ equity 86.0 43.3 42.7
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 324.5 $ 252.6 $ 274.4