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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 115.3 $ 125.6
Short-term investments 22.3 36.7
Receivables:    
Trade receivables, net 195.8 179.8
Other 22.4 25.6
Contract assets 58.4 54.9
Inventories 233.9 215.1
Prepaid expenses and other current assets 23.0 18.9
Total current assets 671.1 656.6
Property, plant and equipment, net 610.9 611.8
Operating lease assets 27.4 0.0
Deferred tax assets, net 22.4 35.9
Intangible assets, net 31.7 32.4
Goodwill 44.0 44.0
Other assets 40.3 38.6
Total 1,447.8 1,419.3
Current liabilities:    
Accounts payable 124.4 121.4
Accrued salaries, wages and related expenses 28.2 40.1
Other accrued liabilities 51.6 44.0
Total current liabilities 204.2 205.5
Long-term portion of operating lease liabilities 26.6 0.0
Net liabilities of Salaried VEBA 32.5 32.4
Deferred tax liabilities 4.2 4.2
Long-term liabilities 61.8 66.4
Long-term debt 370.6 370.4
Total liabilities 699.9 678.9
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized at both March 31, 2019 and December 31, 2018; no shares were issued and outstanding at March 31, 2019 and December 31, 2018 0.0 0.0
Common stock, par value $0.01, 90,000,000 shares authorized at both March 31, 2019 and at December 31, 2018; 22,547,626 shares issued and 16,134,547 shares outstanding at March 31, 2019; 22,471,705 shares issued and 16,234,603 shares outstanding at December 31, 2018 0.2 0.2
Additional paid in capital 1,056.7 1,059.3
Retained earnings 168.0 150.2
Treasury stock, at cost, 6,413,079 shares at March 31, 2019 and 6,237,102 shares at December 31, 2018, respectively (437.9) (420.5)
Accumulated other comprehensive loss (39.1) (48.8)
Total stockholders' equity 747.9 740.4
Total $ 1,447.8 $ 1,419.3