|
|
June 30,
|
|
|
|
|
(In millions, except share data) |
|
2000 |
|
1999 |
|
|
|
|
ASSETS |
|
Current assets: |
|
|
Cash and cash equivalents |
$ |
5.1 |
$ |
6.9 |
|
Trade accounts receivable, net of allowance |
|
|
|
|
|
Inventories |
|
425.3 |
|
343.0 |
|
Deferred tax assets |
|
12.3 |
|
|
|
Prepaid expenses and other current assets |
|
25.9 |
|
12.6 |
|
|
|
|
|
|
Total current assets |
|
577.8 |
|
501.5 |
Property, plant and equipment, net |
|
341.8 |
|
312.5 |
Deferred tax assets |
|
61.9 |
|
|
Intangibles, net |
|
41.6 |
|
43.3 |
Other assets, net |
|
17.6 |
|
14.7 |
|
|
|
|
|
|
Total assets |
$ |
1,040.7 |
$ |
872.0 |
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) |
|
Current liabilities: |
|
|
Accounts payable and accrued expenses |
$ |
238.9 |
$ |
267.1 |
|
Short-term borrowings |
|
153.5 |
|
15.7 |
|
Current portion of long-term debt |
|
35.6 |
|
31.4 |
|
|
|
|
|
|
Total current liabilities |
|
428.0 |
|
314.2 |
Long-term debt |
|
443.0 |
|
496.3 |
Other noncurrent liabilities |
|
159.1 |
|
179.9 |
|
|
|
|
|
|
Total liabilities |
|
1,030.1 |
|
990.4 |
|
|
|
|
Stockholders equity (deficit): |
|
|
Common stock ($0.01 par value per share, shares authorized: 500,000,000; issued and outstanding: 52,219,792 in 2000  and 52,171,537 in 1999) |
|
0.5 |
|
0.5 |
|
Notes receivable from stockholders |
|
(0.4) |
|
(0.4) |
|
Additional paid-in capital |
|
400.1 |
|
399.8 |
|
Retained earnings (deficit) |
|
(389.6) |
|
(518.3) |
|
|
|
|
|
|
Total stockholders equity (deficit) |
|
10.6 |
|
(118.4) |
|
|
|
|
|
|
Total liabilities and stockholders equity (deficit) |
$ |
1,040.7 |
$ |
872.0 |
|
|
|
|
See accompanying Notes to Consolidated Financial Statements. |
|