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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 135.0 $ 51.1
Short-term investments 83.8 183.7
Receivables:    
Trade receivables, net 185.3 165.0
Other 18.2 15.5
Contract with Customer, Asset, Net, Current 57.5 0.0
Inventories 176.8 207.9
Prepaid expenses and other current assets 25.7 33.4
Total current assets 682.3 656.6
Property, plant and equipment, net 578.7 571.4
Deferred tax assets, net 63.7 72.0
Intangible assets, net 24.6 25.0
Goodwill 18.8 18.8
Other assets 37.3 41.4
Total 1,405.4 1,385.2
Current liabilities:    
Accounts payable 120.2 90.0
Accrued salaries, wages and related expenses 28.7 42.6
Other accrued liabilities 35.6 40.5
Total current liabilities 184.5 173.1
Net liabilities of Salaried VEBA 31.9 31.9
Deferred tax liabilities 4.3 4.3
Long-term liabilities 61.3 60.0
Long-term debt 369.8 369.6
Total liabilities 651.8 638.9
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2018 and December 31, 2017; no shares were issued and outstanding at March 31, 2018 and December 31, 2017 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2018 and at December 31, 2017; 22,460,642 shares issued and 16,782,536 shares outstanding at March 31, 2018; 22,393,537 shares issued and 16,773,586 shares outstanding at December 31, 2017 0.2 0.2
Additional paid in capital 1,051.8 1,055.9
Retained earnings 111.7 85.5
Treasury stock, at cost, 5,678,106 shares at March 31, 2018 and 5,619,951 shares at December 31, 2017, respectively (364.7) (358.6)
Accumulated other comprehensive loss (45.4) (36.7)
Total stockholders' equity 753.6 746.3
Total $ 1,405.4 $ 1,385.2