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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 55.2 $ 72.5
Short-term investments 231.0 30.0
Receivables:    
Trade receivables – net 137.7 116.7
Other 11.9 6.1
Inventories 201.6 219.6
Prepaid expenses and other current assets [1] 18.5 56.7
Total current assets 655.9 501.6
Property, plant and equipment – net 530.9 495.4
Deferred tax assets – net [1],[2] 159.7 162.6
Intangible assets – net 26.4 30.5
Goodwill 37.2 37.2
Other assets [1] 33.4 19.6
Total 1,443.5 1,246.9
Current liabilities:    
Accounts payable 75.8 76.7
Accrued salaries, wages and related expenses 49.1 39.8
Other accrued liabilities 39.9 52.7
Short-term capital leases 0.2 0.1
Total current liabilities 165.0 169.3
Net liabilities of Salaried VEBA 28.6 19.0
Deferred tax liabilities 3.3 2.1
Long-term liabilities 73.2 87.5
Long-term debt [1] 368.7 194.6
Total liabilities 638.8 472.5
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized at both December 31, 2016 and December 31, 2015; no shares were issued and outstanding at December 31, 2016 and December 31, 2015 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both December 31, 2016 and December 31, 2015; 22,332,732 shares issued and 17,651,461 shares outstanding at December 31, 2016; 22,291,180 shares issued and 18,053,747 shares outstanding at December 31, 2015 0.2 0.2
Additional paid in capital [2] 1,047.4 1,036.5
Retained earnings [2] 75.2 15.9
Treasury stock, at cost, 4,681,271 shares at December 31, 2016 and 4,237,433 shares at December 31, 2015 (281.4) (246.5)
Accumulated other comprehensive loss (36.7) (31.7)
Total stockholders’ equity 804.7 774.4
Total $ 1,443.5 $ 1,246.9
[1] See Note 1 for discussion of our adoption of ASU 2015-03 and ASU 2015-17 (as defined in Note 1).
[2] See Note 5 and Note 8 for discussion of our adoption of ASU 2016-09 (as defined in Note 1).