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Consolidated Statements of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income Statement [Abstract]      
Net sales $ 854.7 $ 864.4 $ 933.8
Cost of sales (790.0) (826.5) (849.5)
Gross profit 64.7 37.9 84.3
Selling and administrative expenses (107.7) (108.1) (114.1)
Other income (expense), net 22.3 14.7 14.3
Impairments, restructuring charges, and other items 40.6 (8.5) (50.3)
Operating income (loss) 19.9 (64.0) (65.8)
Interest expense (10.2) (10.5) (10.6)
Interest income 3.2 2.3 1.2
Income (loss) from continuing operations before taxes 12.9 (72.2) (75.2)
Tax benefit 10.2 0.9 16.6
Income (loss) from continuing operations 23.1 (71.3) (58.6)
(Loss) income from discontinued operations, net of tax (0.5) (1.9) 1.8
Net income (loss) $ 22.6 [1] $ (73.2) [2] $ (56.8)
Basic and diluted income (loss) per share:      
Income (loss) from continuing operations $ 1.25 $ (3.86) [3] $ (3.17) [3]
(Loss) income from discontinued operations, net of tax $ (0.03) $ (0.10) [3] $ 0.10 [3]
Net income (loss) per share $ 1.22 $ (3.96) [3] $ (3.07) [3]
Weighted average shares, basic and diluted (in thousands) 18,480 18,480 18,480
Cash dividends declared per share $ 0.00 $ 0.00 $ 0.00
[1] Includes curtailment gain related to termination of certain postretirement benefits for salaried employees and retirees, which resulted in a non-cash gain of $45.0 million as well as $0.1 million refund for a settlement notice and administrative costs, partially offset by $3.8 million in expense related to severance associated with reductions in work force and $0.1 million in moving costs.
[2] Includes the effects of $8.0 million in expenses related to severance associated with reductions in force, $0.1 million for additional estimated environmental reserve associated with the remediation activities at our former Tecumseh, Michigan facility and an impairment of assets for $0.4 million.
[3] A warrant issued to a lender in 2007 expired on April 9, 2012. This warrant was not included in diluted earnings per share information for 2011 and 2010, as the effect would be antidilutive.