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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 34.4 $ 55.2
Short-term investments 195.5 231.0
Receivables:    
Trade receivables – net 157.0 137.7
Other 11.8 11.9
Inventories 203.5 201.6
Prepaid expenses and other current assets 34.0 18.5
Total current assets 636.2 655.9
Property, plant and equipment – net 535.8 530.9
Deferred tax assets – net 140.8 159.7
Intangible assets – net 26.0 26.4
Goodwill 37.2 37.2
Other assets 37.1 33.4
Total 1,413.1 1,443.5
Current liabilities:    
Accounts payable 84.4 75.8
Accrued salaries, wages and related expenses 29.1 49.1
Other accrued liabilities 40.4 40.1
Total current liabilities 153.9 165.0
Net liabilities of Salaried VEBA 28.3 28.6
Deferred tax liabilities 3.3 3.3
Long-term liabilities 60.1 73.2
Long-term debt 368.9 368.7
Total liabilities 614.5 638.8
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2017 and December 31, 2016; no shares were issued and outstanding at March 31, 2017 and December 31, 2016 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2017 and at December 31, 2016; 22,379,247 shares issued and 17,282,630 shares outstanding at March 31, 2017; 22,332,732 shares issued and 17,651,461 shares outstanding at December 31, 2016 0.2 0.2
Additional paid in capital 1,046.0 1,047.4
Retained earnings 101.9 75.2
Treasury stock, at cost, 5,096,617 shares at March 31, 2017 and 4,681,271 shares at December 31, 2016, respectively (314.1) (281.4)
Accumulated other comprehensive loss (35.4) (36.7)
Total stockholders' equity 798.6 804.7
Total $ 1,413.1 $ 1,443.5