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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 174.2 $ 169.5
Short-term investments 127.2 129.5
Receivables:    
Trade, less allowance for doubtful receivables of $0.8 at June 30, 2014 and December 31, 2013 123.1 119.8
Other 11.0 13.4
Inventories 198.1 214.4
Prepaid expenses and other current assets 135.5 44.2
Total current assets 769.1 690.8
Property, plant, and equipment – net 441.4 429.3
Net assets of VEBAs 422.2 406.0
Deferred tax assets – net (including deferred tax liability relating to the VEBAs of $158.4 at June 30, 2014 and $152.4 at December 31, 2013) 45.8 69.1
Intangible assets – net 32.9 33.7
Goodwill 37.2 37.2
Other assets 24.0 104.8
Total 1,772.6 1,770.9
Current liabilities:    
Accounts payable 72.1 62.9
Accrued salaries, wages, and related expenses 33.8 42.7
Other accrued liabilities 115.1 44.8
Current portion of long-term debt 167.9 0
Short-term capital lease 0.1 0.2
Total current liabilities 389.0 150.6
Deferred tax liability 1.2 1.2
Long-term liabilities 63.7 146.4
Long-term debt 225.0 388.5
Total liabilities 678.9 686.7
Commitments and contingencies – Note 7      
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both June 30, 2014 and December 31, 2013; no shares were issued and outstanding at June 30, 2014 and December 31, 2013 0 0
Common stock, par value $0.01, 90,000,000 shares authorized at both June 30, 2014 and at December 31, 2013; 21,236,249 shares issued and 17,932,785 shares outstanding at June 30, 2014; 21,103,700 shares issued and 18,147,017 shares outstanding at December 31, 2013 0.2 0.2
Additional paid in capital 1,026.0 1,023.1
Retained earnings 261.4 233.8
Treasury stock, at cost, 3,303,464 shares at June 30, 2014 and 2,956,683 shares at December 31, 2013, respectively (176.2) (152.2)
Accumulated other comprehensive loss (17.7) (20.7)
Total stockholders’ equity 1,093.7 1,084.2
Total $ 1,772.6 $ 1,770.9