Armstrong Flooring (AFIIQ) 10-Q 31 Jul 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 27, 2020	Dec. 31, 2019
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-37589
Entity Registrant Name	ARMSTRONG FLOORING, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-4303305
Entity Address, Address Line One	2500 Columbia Avenue,
Entity Address, City or Town	Lancaster,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17603
City Area Code	(717)
Local Phone Number	672-9611
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	AFI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,594,124
Entity Central Index Key	0001655075
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Common stock, outstanding (in shares)	21,593,522		21,519,761

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 145.6	$ 177.7	$ 284.3	$ 319.4
Cost of goods sold	120.9	141.5	236.3	261.1
Gross profit	24.7	36.2	48	58.3
Selling, general and administrative expenses	30.3	32.5	66.9	70.2
Operating (loss) income	(5.6)	3.7	(18.9)	(11.9)
Interest expense	1.2	0.9	1.8	1.9
Other (income) expense, net	(0.5)	0.2		0.5
(Loss) earnings from continuing operations before income taxes	(6.3)	2.6	(19.8)	(14.3)
Income tax (benefit)	0	(2.7)	(0.3)	(3)
Net (loss) income from continuing operations	(6.3)	5.3	(19.5)	(11.3)
Gain on disposal of discontinued operation, net of tax	0	9.4	0	9.3
Net earnings from discontinued operations	0	9.4	0	9.3
Total (income), net of tax	$ (6.3)	$ 14.7	$ (19.5)	$ (2)
Basic (loss) earnings per share of common stock:
Basic earnings (loss) per share of common stock from continuing operations (in dollars per share)	$ (0.29)	$ 0.20	$ (0.89)	$ (0.43)
Basic earnings per share of common stock from discontinued operations (in dollars per share)	0	0.36	0	0.35
Earnings (loss) Per Share, Basic	(0.29)	0.56	(0.89)	(0.08)
Diluted (loss) earnings per share of common stock:
Diluted earnings (loss) per share of common stock from continuing operations (in dollars per share)	(0.29)	0.20	(0.89)	(0.43)
Diluted earnings per share of common stock from discontinued operations (in dollars per share)	0	0.36	0	0.35
Earnings (loss) Per Share, Diluted	$ (0.29)	$ 0.56	$ (0.89)	$ (0.08)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (6.3)	$ 14.7	$ (19.5)	$ (2)
Changes in other comprehensive income, net of tax:
Foreign currency translation adjustments	1.6	(2.8)	(0.9)	(0.6)
Derivative (loss) gain	(0.9)	(0.3)	0.4	(0.8)
Pension and postretirement adjustments	0.9	0.6	2.2	1.8
Total other comprehensive income (loss)	1.6	(2.5)	1.7	0.4
Total comprehensive (loss) income	$ (4.7)	$ 12.2	$ (17.8)	$ (1.6)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 34.1	$ 27.1
Accounts and notes receivable, net	45	36.1
Inventories, net	122.3	111.6
Income tax receivable	1.1	0.7
Prepaid expenses and other current assets	11.6	10
Total current assets	214.1	185.5
Property, plant, and equipment, less accumulated depreciation and amortization of $333.4 and $318.4, respectively	266.6	277.2
Operating lease assets	5.7	6
Intangible assets, less accumulated amortization of $22.5 and $19.0, respectively	22	25.4
Deferred income taxes	5.1	5.3
Other noncurrent assets	2.2	2.8
Total assets	515.7	502.2
Current liabilities:
Short-term debt	4.2	0
Current installments of long-term debt	1.1	0.2
Accounts payable and accrued expenses	114.9	104.4
Total current liabilities	120.2	104.6
Long-term debt, net of unamortized debt issuance costs	62.7	42.5
Noncurrent operating lease liabilities	2.2	2.7
Postretirement benefit liabilities	57.5	59.7
Pension benefit liabilities	12.6	16
Other long-term liabilities	6	5.8
Noncurrent income taxes payable	0.2	0.2
Deferred income taxes	2.5	2.4
Total liabilities	263.9	233.9
Stockholders’ equity:
Common stock with par value $.0001 per share: 100,000,000 shares authorized; 28,376,662 issued and 21,593,522 outstanding shares as of June 30, 2020 and 28,357,658 issued and 21,519,761 outstanding shares as of December 31, 2019	0	0
Preferred stock with par value $.0001 per share: 15,000,000 shares authorized; none issued	0	0
Treasury stock, at cost, 6,783,140 shares as of June 30, 2020 and 6,837,897 shares as of December 31, 2019	(87.9)	(88.9)
Additional paid-in capital	677	676.7
Accumulated deficit	(264.3)	(244.8)
Accumulated other comprehensive (loss)	(73)	(74.7)
Total stockholders’ equity	251.8	268.3
Total liabilities and stockholders’ equity	$ 515.7	$ 502.2

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Property, plant, and equipment, accumulated depreciation and amortization	$ 333.4	$ 318.4
Finite-lived intangibles, accumulated amortization	$ 22.5	$ 19
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	28,376,662	28,357,658
Common stock, outstanding (in shares)	21,593,522	21,519,761
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	15,000,000	15,000,000
Preferred stock, issued (in shares)	0	0
Treasury stock (in shares)	6,783,140	6,837,897

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss)	(Accumulated Deficit)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, outstanding (in shares)		25,832,193
Beginning balance at Dec. 31, 2018	$ 391	$ 0	$ (39.7)	$ 678.6	$ (61.6)	$ (186.3)
Beginning balance (in shares) at Dec. 31, 2018			2,452,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	(16.7)					(16.7)
Stock-based employee compensation, net	0.4		$ 0.9	(0.5)
Stock-based employee compensation, net (in shares)		53,908	(50,251)
Other comprehensive income (loss)	2.9				2.9
Ending balance at Mar. 31, 2019	377.6	$ 0	$ (38.8)	678.1	(58.7)	(203)
Ending balance (in shares) at Mar. 31, 2019		25,886,101	2,401,914
Beginning balance at Dec. 31, 2018	391	$ 0	$ (39.7)	678.6	(61.6)	(186.3)
Beginning balance (in shares) at Dec. 31, 2018			2,452,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	(2)
Other comprehensive income (loss)	0.4				0.4
Ending balance at Jun. 30, 2019	339.5	0	$ (89.2)	678.2	(61.2)	(188.3)
Ending balance (in shares) at Jun. 30, 2019			6,857,288
Beginning balance at Mar. 31, 2019	377.6	$ 0	$ (38.8)	678.1	(58.7)	(203)
Beginning balance (in shares) at Mar. 31, 2019		25,886,101	2,401,914
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	14.7					14.7
Stock repurchased during period, (in shares)		(4,504,504)
Shares, repurchased amount			4,504,504
Common stock repurchased	(51.3)		$ (51.3)
Stock-based employee compensation, net	1		$ 0.9	0.1
Stock-based employee compensation, net (in shares)		93,305	(49,130)
Other comprehensive income (loss)	(2.5)				(2.5)
Ending balance at Jun. 30, 2019	$ 339.5	$ 0	$ (89.2)	678.2	(61.2)	(188.3)
Ending balance (in shares) at Jun. 30, 2019			6,857,288
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, outstanding (in shares)		21,474,902
Common stock, outstanding (in shares)	21,519,761	21,519,761
Beginning balance at Dec. 31, 2019	$ 268.3	$ 0	$ (88.9)	676.7	(74.7)	(244.8)
Beginning balance (in shares) at Dec. 31, 2019			6,837,897
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	(13.2)					(13.2)
Stock-based employee compensation, net	0.7	$ 0	$ 0.7	0
Stock-based employee compensation, net (in shares)		36,072	(36,072)
Other comprehensive income (loss)	0.1				0.1
Ending balance at Mar. 31, 2020	255.9	$ 0	$ (88.2)	676.7	(74.6)	(258)
Ending balance (in shares) at Mar. 31, 2020		21,555,833	6,801,825
Beginning balance at Dec. 31, 2019	268.3	$ 0	$ (88.9)	676.7	(74.7)	(244.8)
Beginning balance (in shares) at Dec. 31, 2019			6,837,897
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	(19.5)
Other comprehensive income (loss)	1.7				1.7
Ending balance at Jun. 30, 2020	251.8	0	$ (87.9)	677	(73)	(264.3)
Ending balance (in shares) at Jun. 30, 2020			6,783,140
Beginning balance at Mar. 31, 2020	255.9	$ 0	$ (88.2)	676.7	(74.6)	(258)
Beginning balance (in shares) at Mar. 31, 2020		21,555,833	6,801,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)	(6.3)					(6.3)
Stock-based employee compensation, net	0.6	$ 0	$ 0.3	0.3
Stock-based employee compensation, net (in shares)		37,689	(18,685)
Other comprehensive income (loss)	1.6				1.6
Ending balance at Jun. 30, 2020	$ 251.8	$ 0	$ (87.9)	$ 677	$ (73)	$ (264.3)
Ending balance (in shares) at Jun. 30, 2020			6,783,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, outstanding (in shares)	21,593,522	21,593,522

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ (19.5)	$ (11.3)
Cash flows from operating activities:
Net (loss)	(19.5)	(2)
Adjustments to reconcile net (loss) to net cash (used for) operating activities:
Depreciation and amortization	20.9	22.3
Deferred income taxes	(0.6)	(0.6)
Stock-based compensation	1.3	2.1
Gain from long-term disability plan change	(1.1)	0
U.S. pension expense	1.9	2.7
Other non-cash adjustments, net	0.5	(0.5)
Changes in operating assets and liabilities:
Receivables	(9.2)	(26.8)
Inventories	(11)	3.4
Accounts payable and accrued expenses	15.4	(32.2)
Other assets and liabilities	(5.5)	(2.2)
Net cash (used for) operating activities	(6.9)	(33.8)
Cash flows from investing activities:
Purchases of property, plant and equipment	(10.9)	(15.5)
Net cash (used for) investing activities	(10.9)	(15.5)
Cash flows from financing activities:
Proceeds from revolving credit facility	41.2	0
Payments on revolving credit facility	(79.2)	(25)
Payments on long-term debt	(0.1)	(2.1)
Payments of Financing Costs	6.9	0.1
Payments for Repurchase of Common Stock	0	51.3
Proceeds from Stock Options Exercised	0	0.1
Value of shares withheld related to employee tax withholding	0	(0.7)
Net cash provided by (used for) financing activities	25	(79.1)
Effect of exchange rate changes on cash and cash equivalents	(0.2)	0.1
Net increase (decrease) in cash and cash equivalents	7	(128.3)
Cash and cash equivalents at beginning of year	27.1	173.8
Cash and cash equivalents at end of period	34.1	45.5
Supplemental Cash Flow Disclosure:
Amounts in accounts payable for capital expenditures	2	4.6
Interest paid	1.7	1.8
Income taxes paid (refunded), net	0.4	1.1
Proceeds from Issuance of Long-term Debt	$ 70	$ 0

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Background Armstrong Flooring, Inc. (“AFI”) is a leading global producer of resilient flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. AFI designs, manufactures, sources and sells resilient flooring products in North America and the Pacific Rim. When we refer to "AFI," "the Company," "we," "our," and "us" in this report, we are referring to Armstrong Flooring, Inc., a Delaware corporation, and its consolidated subsidiaries. Basis of Presentation These Condensed Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The statements include management estimates and judgments, where appropriate. Management uses estimates to record many items including certain asset values, allowances for bad debts, inventory obsolescence, lower of cost or market or net realizable value charges, warranty reserves, workers compensation, general liability and environmental claims and income taxes. When preparing an estimate, management determines the amount based upon the consideration of relevant information. Management may confer with outside parties, including outside counsel. Actual results may differ from these estimates. In the opinion of management, all adjustments of a normal, recurring nature have been included to provide a fair statement of the results for the reporting periods presented. Operating results for the three and six months ended June 30, 2020 and 2019 included in this report are unaudited. Quarterly results are not necessarily indicative of annual income, primarily due to the different level of sales in each quarter of the year and the possibility of changes in economic conditions between periods. The accounting policies used in preparing the Condensed Consolidated Financial Statements in this Form 10-Q are the same as those used in preparing the Consolidated Financial Statements for the year ended December 31, 2019 , except as noted below. These statements should therefore be read in conjunction with the Consolidated Financial Statements and notes that are included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 . All significant intercompany transactions within AFI have been eliminated from the Condensed Consolidated Financial Statements. COVID-19 The COVID-19 pandemic has significantly impacted our operations and resulted in lower than expected revenue in 2020. In response, we have implemented several cost reduction initiatives, including reduced capital spending, implementing a furlough of certain salaried employees and reducing employee benefits. We are also pursuing a plan expected to monetize non-core assets. The impact of the pandemic on our future results is unknown. We have incurred net losses for the past several years, and negative cash flows from operations beginning in 2019. The pandemic’s impacts, our recurring losses and our negative cash flows resulted in the identification of a triggering event requiring impairment testing of our North America long-lived assets in the first quarter of 2020. The results of this testing indicated that, as of March 31, 2020, our North America long-lived assets were not impaired. Our actual second quarter 2020 results exceeded the assumptions used in our first quarter 2020 impairment test. While no long-lived asset impairment, significant inventory write-down or significant incremental accounts receivable reserves were recorded in the first six months of 2020, such charges are possible in the future, which could have a material adverse effect on our future results. Recently Adopted Accounting Standards On January 1, 2020, we adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments." The guidance and subsequent amendments issued, requires immediate recognition of estimated credit losses that are expected to occur over the remaining life of many financial assets. The most notable impact of this ASU related to our processes around the assessment of the adequacy of our allowance for doubtful accounts on trade account receivables. We adopted using the modified retrospective transition method. The adoption of the standard did not have a material impact on our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-13, "Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." The guidance eliminates, adds and modifies certain disclosure requirements. Adoption of the standard did not have an impact our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-14, "Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans." The guidance changes the disclosure requirements by eliminating certain disclosures that are no longer considered cost beneficial and added new ones that are considered pertinent. Adoption of the standard did not have an impact our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-15, " Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." The guidance aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for an internal use software license. Capitalized implementation costs should be amortized over the term of the service agreement on a straight line basis and should be assessed for impairment in a manner similar to long-lived assets. We adopted using the prospective transition method. This standard did not have a material impact on our financial condition, results of operations and cash flows. Recently Issued Accounting Standards In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740)." The guidance simplifies accounting for income taxes by removing certain exceptions. This new guidance is effective for fiscal years beginning after December 15, 2020 for public companies. Early adoption is permitted. We are continuing to evaluate the impact the adoption of this standard will have on our financial condition, results of operations and cash flows.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE We disaggregate revenue based on customer geography as geography represents the most appropriate depiction of how the nature, timing and uncertainty of revenues and cash flows are impacted by economic factors. The following table presents our revenues disaggregated by geographic area based upon the location of the customer. Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Net sales United States $ 113.9 $ 136.6 $ 229.1 $ 245.9 China 17.4 19.1 24.0 30.5 Canada 6.2 10.6 13.5 20.6 Other 8.1 11.4 17.7 22.4 Total net sales $ 145.6 $ 177.7 $ 284.3 $ 319.4

Severance

Severance	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Other Severance Expense	SEVERANCE In the second quarter of 2019, we recorded $2.9 million in selling, general and administrative ("SG&A") expenses for severance and related expenses to reflect the separation costs for our former President and Chief Executive Officer.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The following table presents details related to our income taxes: Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 (Loss) income from continuing operations before income taxes $ (6.3 ) $ 2.6 $ (19.8 ) $ (14.3 ) Income tax (benefit) — (2.7 ) (0.3 ) (3.0 ) Effective tax rate — % (103.8 )% 1.5 % 21.0 % Pursuant to ASC 740, we are required to consider all items (including items recorded in discontinued operations and other comprehensive income) in determining the amount of tax benefit that results from a loss from continuing operations. For the six months ended June 30, 2020, we recognized an income tax benefit consisting of a U.S. income tax benefit and a foreign income tax expense from various jurisdictions. The U.S. income tax benefit relates to a reduction in the Company’s valuation allowance due to the tax impact of the gains in other comprehensive income. For the three and six months ended June 30, 2019, we recognized an income tax benefit consisting of a U.S. income tax benefit and a foreign income tax expense from various jurisdictions. The U.S. income tax benefit relates to a reduction in our valuation allowance due to the tax impact of the gains from resolution of our antidumping case in discontinued operations and gains on other comprehensive income. Upon audit, taxing authorities may challenge all or part of an uncertain income tax position. AFI regularly assesses the outcome of potential examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded. We do not expect to record any material changes during 2020 to our unrecognized tax benefits as of December 31, 2019 . As of June 30, 2020 , we consider foreign unremitted income to be permanently reinvested.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS In December 2018, we completed the sale of our wood business to Tarzan Holdco, Inc. ("TZI"), a Delaware corporation and an affiliate of American Industrial Partners. The proceeds from the sale were $90.2 million , net of closing costs, transaction fees and taxes. The transaction was subject to a customary post-closing working capital adjustment process which resulted in us making a $1.9 million payment to TZI in the third quarter of 2019. The following is a summary of the results related to the net gain on disposal of the wood business, which is included in discontinued operations: Three Months Ended Six Months Ended June 30, 2019 Gain on disposal of discontinued operations before income tax $ 12.7 $ 12.6 Income tax expense 3.3 3.3 Net gain on disposal of discontinued operations $ 9.4 $ 9.3 During the second quarter of 2019, we reached a resolution in our antidumping case regarding our previously operated plant in Kunshan, China that manufactured multilayered wood flooring. We resolved our potential liability outside of litigation pursuant to a settlement agreement with the petitioners. As a result, we reversed the previously recognized liability of $11.4 million , which was reflected in gain on disposal of discontinued operations.

Earnings (Loss) Per Share of Co

Earnings (Loss) Per Share of Common Stock	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share of Common Stock	EARNINGS (LOSS) PER SHARE OF COMMON STOCK Earnings per share components may not add due to rounding. The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculations for the periods indicated. Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Numerator Net (loss) income from continuing operations $ (6.3 ) $ 5.3 $ (19.5 ) $ (11.3 ) Net income from discontinued operations — 9.4 — 9.3 Net (loss) income $ (6.3 ) $ 14.7 $ (19.5 ) $ (2.0 ) Denominator Weighted average number of common shares outstanding 21,574,595 25,602,519 21,551,024 25,726,288 Weighted average number of vested shares not yet issued 346,845 455,263 331,987 628,845 Weighted average number of common shares outstanding - Basic 21,921,440 26,057,782 21,883,011 26,355,133 Dilutive impact of stock-based compensation plans — 81,701 — — Weighted average number of common shares outstanding - Diluted 21,921,440 26,139,483 21,883,011 26,355,133 For the three months and six months ended June 30, 2020 and the six months ended June 30, 2019 the diluted loss per share was calculated using basic common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive. For the three months ended June 30, 2019 the diluted earnings per share was calculated using net income available to common stockholders divided by the diluted weighted average number of common shares outstanding during the period, determined using the treasury stock method. Performance-based employee compensation awards are considered potentially dilutive in the initial period in which the performance conditions are met. The following awards were excluded from the computation of diluted earnings (loss) per share: Three Months Ended Six Months Ended 2020 2019 2020 2019 Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive 1,016,278 411,360 1,038,705 425,718 Performance awards excluded from diluted computation, as performance conditions not met 175,174 344,440 177,839 426,753

Accounts and Notes Receivable

Accounts and Notes Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Accounts and Notes Receivable	ACCOUNTS AND NOTES RECEIVABLE The following table presents accounts and note receivables, net of allowances: June 30, 2020 December 31, 2019 Customer receivables $ 59.2 $ 47.1 Miscellaneous receivables 4.0 7.2 Less: allowance for product claims, discounts, returns and losses (18.2 ) (18.2 ) Total $ 45.0 $ 36.1 On January 1, 2020 we adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments." The guidance requires immediate recognition of estimated credit losses that are expected to occur over the remaining life of many financial assets. Generally, we sell our products to select, pre-approved customers whose businesses are affected by changes in economic and market conditions. We consider these factors and the financial condition of each customer when establishing our allowance for losses from doubtful accounts. We adopted this ASU using the modified retrospective transition method. The adoption of the standard did not have a material impact on our results of operations or cash flows. Allowance for product claims represents expected reimbursements for cost associated with warranty repairs and customer accommodation claims, the majority of which is provided to our independent distributors through a credit against accounts receivable from the distributor to AFI. The following table summarizes the activity for the allowance for product claims: Six Months Ended June 30, 2020 2019 Balance as of January 1 $ (9.0 ) $ (6.4 ) Reductions for payments 3.3 3.5 Current year claim accruals (3.8 ) (5.0 ) Balance as of June 30 $ (9.5 ) $ (7.9 )

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	INVENTORIES The following table presents details related to our inventories, net: June 30, 2020 December 31, 2019 Finished goods $ 93.8 $ 87.1 Goods in process 5.6 4.5 Raw materials and supplies 22.9 20.0 Total $ 122.3 $ 111.6

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	LEASES On June 26, 2020, we entered into new Headquarters (HQ) and Technical Center lease agreements with High Properties. The term of the HQ lease will be ten years and four months, with an anticipated commencement date of June 1, 2021. The term of the Technical Center lease will be ten years and seven months, with an anticipated commencement date of March 1, 2021. Both leases will be recorded as operating leases. In the second quarter of 2019, we recognized $ 0.9 million and $1.6 million

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	ACCOUNTS PAYABLE AND ACCRUED EXPENSES The following table details amounts related to our accounts payable and accrued expenses: June 30, 2020 December 31, 2019 Payables, trade and other $ 83.9 $ 70.5 Employment costs 13.9 13.8 Other accrued expenses 13.6 16.8 Current operating lease liabilities 3.5 3.3 Total $ 114.9 $ 104.4

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	DEBT June 30, 2020 December 31, 2019 Credit Lines $ 4.2 $ — ABL Facility — 42.2 Current portion of Term Loan Facility 0.9 — Current portion of finance lease 0.2 0.2 Noncurrent portion of Term Loan Facility 69.1 — Noncurrent portion of finance leases 0.5 0.3 Total principal balance outstanding 74.9 42.7 Less: Deferred financing costs, net (6.9 ) — Total $ 68.0 $ 42.7 On June 23, 2020, we entered into a Third Amendment to the ABL Credit Facility (the "Amendment"), which reduces commitments from $100 million to $90 million , amends the interest rates applicable to the loans, modifies certain financial maintenance and other covenants, and permits indebtedness under the Term Loan Agreement defined below. The Amended ABL Credit Facility provides for a borrowing base that is derived from our accounts receivable and inventory, collectively, with the equity interests in the guarantors, (the "ABL Priority Collateral"), subject to certain reserves and other limitations. The Amended ABL Credit Facility matures in December 2023. The Amendment permits us to grant a first priority security interest in real estate, machinery and equipment and intellectual property collateral to Pathlight Capital LP (the "Term Loan Agent") (collectively, the “Term Loan Priority Collateral”). Bank of America, N.A., as administrative agent and collateral agent (in such capacities, the “ABL Agent”) will not have a security interest in the real property securing the Term Loan Agreement (as defined below) but will have a second priority security interest in machinery and equipment and intellectual property constituting Term Loan Priority Collateral. Borrowings under the Amended ABL Credit Facility will bear interest at a rate per annum equal to, at our option, a base rate or a Eurodollar rate equal to the London interbank offered rate (“LIBOR”) for the relevant interest period, plus, in each case, an applicable margin determined in accordance with the provisions of the Amendment. The base rate will be the highest of (a) the federal funds rate plus 0.50% , (b) the prime rate of Bank of America, N.A., and (c) LIBOR plus 1.00% . The applicable margin for borrowings under the Amended ABL Credit Facility will be determined based on the Company’s Consolidated Leverage Ratio (as defined in the Amendment) and will range from 1.75% to 3.00% with respect to base rate borrowings and 2.75% to 4.00% with respect to Eurodollar rate borrowings. In addition to paying interest on outstanding principal under the Amended ABL Credit Facility, we will pay a commitment fee to the lenders with respect to the unutilized revolving commitments thereunder at a rate ranging from 0.375% to 0.50% depending on the Company’s Consolidated Leverage Ratio. In addition, the Amendment also amends certain financial covenants. The Amended ABL Credit Facility requires, among other things, that we maintain a minimum Consolidated Cash Flow (as defined in the Amendment) for the three-fiscal quarter period ending September 30, 2020 and for any four-fiscal quarter period ending thereafter, have minimum Availability (as defined in the Amended ABL Credit Facility) of $30 million and, during a Financial Covenant Trigger Period (as defined in the Amendment), maintain a minimum Consolidated Fixed Charge Coverage Ratio (as defined in the Amendment) of at least 1.00 to 1.00 (such covenants, the “Financial Covenants”). On June 23, 2020 we also entered into a new term loan facility with Pathlight Capital LP as the administrative agent ("Term Loan Agreement"). The Term Loan Agreement provides us with a secured term loan credit facility of $70 million (the “Term Loan Facility”). The borrowing base is derived from the Company’s machinery and equipment, intellectual property and real property, subject to certain reserves and other limitations. The Term Loan Facility is scheduled to mature on June 23, 2025 . The principal balance of the Term Loan Facility is payable in quarterly installments beginning in June 2021. We used the proceeds of the Term Loan Facility to pay down the Amended ABL Credit Facility. Borrowings under the Term Loan Facility will bear interest at a rate per annum equal to LIBOR for a three-month interest period, plus an applicable margin of 12.00% . We must use cash proceeds from certain dispositions, including sales of real estate, equity and debt issuances and extraordinary events to prepay outstanding loans under the Term Loan Facility, subject to specified exceptions, including the prepayment requirements with respect to the Amended ABL Credit Facility. Prepayments of loans under the Term Loan Facility prior to the third anniversary of the closing date are subject to certain premiums. All obligations under the Term Loan Agreement are guaranteed by each of our wholly owned domestic subsidiaries that individually, or together with its subsidiaries, has assets of more than $1.0 million and are secured by a first priority lien on the Term Priority Collateral and a second priority lien on the ABL Priority Collateral. The Term Loan Agreement contains a number of covenants that, among other things and subject to certain exceptions, restrict our ability to create liens, to undertake fundamental changes, to incur debt, to sell or dispose of assets, to make investments, to make restricted payments such as dividends, distributions or equity repurchases, to change the nature of our businesses, to enter into transactions with affiliates and to enter into certain burdensome agreements. In addition, the Term Loan Agreement requires us to comply with the amended ABL Credit Facility Financial Covenants. The Term Loan Agreement also contains customary affirmative covenants and events of default, including a cross-default provision in respect of certain material indebtedness and a change of control provision. If an event of default occurs, the lenders may choose to accelerate the maturity of the Term Loan Facility and require repayment of all obligations thereunder.

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Programs	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefit Programs	PENSION AND OTHER POSTRETIREMENT BENEFIT PROGRAMS The following table summarizes our pension and postretirement expense: Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Defined-benefit pension, U.S. Service cost $ 0.7 $ 0.7 $ 1.3 $ 1.3 Interest cost 3.1 3.7 6.2 7.5 Expected return on plan assets (5.4 ) (5.4 ) (10.7 ) (10.8 ) Amortization of net actuarial loss 2.5 2.4 5.1 4.8 Total, defined-benefit pension, U.S. $ 0.9 $ 1.4 $ 1.9 $ 2.8 Defined-benefit pension, Canada Interest cost $ 0.1 $ 0.2 $ 0.2 $ 0.3 Expected return on plan assets (0.2 ) (0.2 ) (0.3 ) (0.3 ) Amortization of net actuarial loss 0.1 — 0.2 0.1 Total, defined-benefit pension, Canada $ — $ — $ 0.1 $ 0.1 Defined-benefit postretirement, U.S. Service cost $ — $ — $ — $ 0.1 Interest cost 0.5 0.7 1.0 1.3 Amortization of prior service credits (0.1 ) — (0.2 ) — Amortization of net actuarial gains (1.2 ) (0.8 ) (2.4 ) (1.6 ) Total, defined-benefit postretirement, U.S. $ (0.8 ) $ (0.1 ) $ (1.6 ) $ (0.2 )

Common Stock Repurchase Plan

Common Stock Repurchase Plan	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Repurchase Agreements [Table Text Block]	COMMON STOCK REPURCHASE PLAN On March 6, 2017, we announced that our board of directors had approved a share repurchase program pursuant to which we were authorized to repurchase up to $50.0 million of our outstanding shares of common stock. From inception of the share repurchase program through May 3, 2019, we repurchased approximately 2.5 million shares for a total cost of $41.0 million , with an average price of $16.23 per share. On May 3, 2019, we announced that our board of directors had authorized an increased share repurchase program for an additional $50.0 million beyond the $41.0 million already repurchased under the prior share repurchase program, effective immediately. Repurchases under the new program could be made through open market, block, and privately negotiated transactions, including Rule 10b5-1 plans, at times and in such amounts as management deemed appropriate, subject to market and business conditions, regulatory requirements and other factors. On May 17, 2019, we announced the commencement of a modified "Dutch auction" self-tender offer to repurchase up to $50.0 million in cash of shares of our common stock. As a result of the auction, on June 21, 2019 we purchased 4,504,504 shares of common stock at a purchase price of $11.40 per share, for a total cost of $51.3 million

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE (LOSS) The following table summarizes the activity, by component, related to the change in AOCI. Foreign Currency Translation Adjustments Derivative Adjustments Pension and Postretirement Adjustments Total Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2019 $ (0.5 ) $ (0.6 ) $ (73.6 ) $ (74.7 ) Other comprehensive (loss) income before reclassifications, net of tax impact of $ − in all periods (0.9 ) 0.7 0.2 — Amounts reclassified from accumulated other comprehensive income — (0.3 ) 2.0 1.7 Net current period other comprehensive (loss) income (0.9 ) 0.4 2.2 1.7 Balance, June 30, 2020 $ (1.4 ) $ (0.2 ) $ (71.4 ) $ (73.0 ) Balance, December 31, 2018 $ 1.7 $ 0.8 $ (64.1 ) $ (61.6 ) Other comprehensive (loss) before reclassifications, net of tax impact of $- , $0.3, ($0.8), and ($0.5) (0.6 ) (0.4 ) (0.8 ) (1.8 ) Amounts reclassified from accumulated other comprehensive income — (0.4 ) 2.6 2.2 Net current period other comprehensive (loss) income (0.6 ) (0.8 ) 1.8 0.4 Balance, June 30, 2019 $ 1.1 $ — $ (62.3 ) $ (61.2 ) The amounts reclassified from AOCI and the affected line item of the Condensed Consolidated Statements of Operations are presented in the table below. Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Affected Line Item Derivative adjustments Foreign exchange contracts - purchases $ (0.1 ) $ (0.1 ) $ (0.2 ) $ (0.2 ) Cost of goods sold Foreign exchange contracts - sales (0.1 ) (0.1 ) (0.1 ) (0.2 ) Net sales Total (income) before tax (0.2 ) (0.2 ) (0.3 ) (0.4 ) Tax impact — — — — Income tax (benefit) Total (income), net of tax (0.2 ) (0.2 ) (0.3 ) (0.4 ) Pension and postretirement adjustments Prior service cost amortization (0.2 ) — (0.2 ) — Other expense, net Amortization of net actuarial loss 1.5 1.6 2.9 3.3 Other expense, net Tax impact (0.4 ) (0.3 ) (0.7 ) (0.7 ) Income tax (benefit) Total expense, net of tax 0.9 1.3 2.0 2.6 Total reclassifications for the period $ 0.7 $ 1.1 $ 1.7 $ 2.2

Litigation and Related Matters

Litigation and Related Matters	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Litigation and Related Matters	LITIGATION AND RELATED MATTERS Environmental Matters Environmental Compliance Our manufacturing and research facilities are affected by various federal, state and local requirements relating to the discharge of materials and the protection of the environment. We make expenditures necessary for compliance with applicable environmental requirements at each of our operating facilities. These regulatory requirements continually change, therefore we cannot predict with certainty future expenditures associated with compliance with environmental requirements. Environmental Sites In connection with our current or legacy manufacturing operations, or those of former owners, we may from time to time become involved in the investigation, closure and/or remediation of existing or potential environmental contamination under the Comprehensive Environmental Response, Compensation and Liability Act, and state or international Superfund and similar type environmental laws. For those matters, we may have rights of contribution or reimbursement from other parties or coverage under applicable insurance policies; however, we cannot predict with certainty the future identification of or expenditure for any investigation, closure or remediation of any environmental site. Summary of Financial Position There were no material liabilities recorded as of June 30, 2020 and December 31, 2019 for potential environmental liabilities that we consider probable and for which a reasonable estimate of the probable liability could be made. Other Claims We are involved in various lawsuits, claims, investigations and other legal matters from time to time that arise in the ordinary course of conducting business, including matters involving our products, intellectual property, relationships with suppliers, relationships with distributors, relationships with competitors, employees and other matters. For example, we are currently a party to various litigation matters that involve product liability, tort liability and other claims under a wide range of allegations, including illness due to exposure to certain chemicals used in the workplace, or medical conditions arising from exposure to product ingredients or the presence of trace contaminants. In some cases, these allegations involve multiple defendants and relate to legacy products that we and other defendants purportedly manufactured or sold. We believe these claims and allegations to be without merit and intend to defend them vigorously. For these matters, we also may have rights of contribution or reimbursement from other parties or coverage under applicable insurance policies. On November 15, 2019, a shareholder filed a putative class action complaint in the United States District Court for the Central District of California alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, based on alleged false and/or misleading statements or omissions made between March 6, 2018 and November 4, 2019. On March 2, 2020, the court issued an order appointing a lead plaintiff and lead counsel. On July 2, 2020, the lead plaintiff filed an amended complaint asserting similar violations and expanding the alleged class period to cover alleged false and/or misleading statements or omissions made between March 6, 2018 and March 3, 2020. We cannot predict the duration or outcome of this suit at this time. As a result, we are unable to estimate the reasonably possible loss arising from this lawsuit. The Company intends to vigorously defend itself in this matter. While complete assurance cannot be given to the outcome of these proceedings, we do not believe that any of these matters, individually or in the aggregate, will have a material adverse effect on our financial condition, results of operations, or cash flows.

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These Condensed Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The statements include management estimates and judgments, where appropriate. Management uses estimates to record many items including certain asset values, allowances for bad debts, inventory obsolescence, lower of cost or market or net realizable value charges, warranty reserves, workers compensation, general liability and environmental claims and income taxes. When preparing an estimate, management determines the amount based upon the consideration of relevant information. Management may confer with outside parties, including outside counsel. Actual results may differ from these estimates. In the opinion of management, all adjustments of a normal, recurring nature have been included to provide a fair statement of the results for the reporting periods presented. Operating results for the three and six months ended June 30, 2020 and 2019 included in this report are unaudited. Quarterly results are not necessarily indicative of annual income, primarily due to the different level of sales in each quarter of the year and the possibility of changes in economic conditions between periods. The accounting policies used in preparing the Condensed Consolidated Financial Statements in this Form 10-Q are the same as those used in preparing the Consolidated Financial Statements for the year ended December 31, 2019 , except as noted below. These statements should therefore be read in conjunction with the Consolidated Financial Statements and notes that are included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 . All significant intercompany transactions within AFI have been eliminated from the Condensed Consolidated Financial Statements.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards On January 1, 2020, we adopted ASU 2016-13, "Measurement of Credit Losses on Financial Instruments." The guidance and subsequent amendments issued, requires immediate recognition of estimated credit losses that are expected to occur over the remaining life of many financial assets. The most notable impact of this ASU related to our processes around the assessment of the adequacy of our allowance for doubtful accounts on trade account receivables. We adopted using the modified retrospective transition method. The adoption of the standard did not have a material impact on our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-13, "Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." The guidance eliminates, adds and modifies certain disclosure requirements. Adoption of the standard did not have an impact our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-14, "Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans." The guidance changes the disclosure requirements by eliminating certain disclosures that are no longer considered cost beneficial and added new ones that are considered pertinent. Adoption of the standard did not have an impact our financial condition, results of operations or cash flows. On January 1, 2020, we adopted ASU 2018-15, " Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." The guidance aligns the requirements for capitalizing implementation costs in a cloud computing arrangement service contract with the requirements for capitalizing implementation costs incurred for an internal use software license. Capitalized implementation costs should be amortized over the term of the service agreement on a straight line basis and should be assessed for impairment in a manner similar to long-lived assets. We adopted using the prospective transition method. This standard did not have a material impact on our financial condition, results of operations and cash flows. Recently Issued Accounting Standards In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740)." The guidance simplifies accounting for income taxes by removing certain exceptions. This new guidance is effective for fiscal years beginning after December 15, 2020 for public companies. Early adoption is permitted. We are continuing to evaluate the impact the adoption of this standard will have on our financial condition, results of operations and cash flows.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our revenues disaggregated by geographic area based upon the location of the customer. Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Net sales United States $ 113.9 $ 136.6 $ 229.1 $ 245.9 China 17.4 19.1 24.0 30.5 Canada 6.2 10.6 13.5 20.6 Other 8.1 11.4 17.7 22.4 Total net sales $ 145.6 $ 177.7 $ 284.3 $ 319.4

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table presents details related to our income taxes: Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 (Loss) income from continuing operations before income taxes $ (6.3 ) $ 2.6 $ (19.8 ) $ (14.3 ) Income tax (benefit) — (2.7 ) (0.3 ) (3.0 ) Effective tax rate — % (103.8 )% 1.5 % 21.0 %

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Summary of Operating Results of Discontinued Operations	The following is a summary of the results related to the net gain on disposal of the wood business, which is included in discontinued operations: Three Months Ended Six Months Ended June 30, 2019 Gain on disposal of discontinued operations before income tax $ 12.7 $ 12.6 Income tax expense 3.3 3.3 Net gain on disposal of discontinued operations $ 9.4 $ 9.3 During the second quarter of 2019, we reached a resolution in our antidumping case regarding our previously operated plant in Kunshan, China that manufactured multilayered wood flooring. We resolved our potential liability outside of litigation pursuant to a settlement agreement with the petitioners. As a result, we reversed the previously recognized liability of $11.4 million , which was reflected in gain on disposal of discontinued operations.

Earnings (Loss) Per Share of _2

Earnings (Loss) Per Share of Common Stock (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculations for the periods indicated. Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Numerator Net (loss) income from continuing operations $ (6.3 ) $ 5.3 $ (19.5 ) $ (11.3 ) Net income from discontinued operations — 9.4 — 9.3 Net (loss) income $ (6.3 ) $ 14.7 $ (19.5 ) $ (2.0 ) Denominator Weighted average number of common shares outstanding 21,574,595 25,602,519 21,551,024 25,726,288 Weighted average number of vested shares not yet issued 346,845 455,263 331,987 628,845 Weighted average number of common shares outstanding - Basic 21,921,440 26,057,782 21,883,011 26,355,133 Dilutive impact of stock-based compensation plans — 81,701 — — Weighted average number of common shares outstanding - Diluted 21,921,440 26,139,483 21,883,011 26,355,133
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following awards were excluded from the computation of diluted earnings (loss) per share: Three Months Ended Six Months Ended 2020 2019 2020 2019 Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive 1,016,278 411,360 1,038,705 425,718 Performance awards excluded from diluted computation, as performance conditions not met 175,174 344,440 177,839 426,753

Accounts and Notes Receivable (

Accounts and Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Accounts and Notes Receivable	The following table presents accounts and note receivables, net of allowances: June 30, 2020 December 31, 2019 Customer receivables $ 59.2 $ 47.1 Miscellaneous receivables 4.0 7.2 Less: allowance for product claims, discounts, returns and losses (18.2 ) (18.2 ) Total $ 45.0 $ 36.1
Summary of Product Claim Accrual	The following table summarizes the activity for the allowance for product claims: Six Months Ended June 30, 2020 2019 Balance as of January 1 $ (9.0 ) $ (6.4 ) Reductions for payments 3.3 3.5 Current year claim accruals (3.8 ) (5.0 ) Balance as of June 30 $ (9.5 ) $ (7.9 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table presents details related to our inventories, net: June 30, 2020 December 31, 2019 Finished goods $ 93.8 $ 87.1 Goods in process 5.6 4.5 Raw materials and supplies 22.9 20.0 Total $ 122.3 $ 111.6

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	The following table details amounts related to our accounts payable and accrued expenses: June 30, 2020 December 31, 2019 Payables, trade and other $ 83.9 $ 70.5 Employment costs 13.9 13.8 Other accrued expenses 13.6 16.8 Current operating lease liabilities 3.5 3.3 Total $ 114.9 $ 104.4

Debt Table (Tables)

Debt Table (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	June 30, 2020 December 31, 2019 Credit Lines $ 4.2 $ — ABL Facility — 42.2 Current portion of Term Loan Facility 0.9 — Current portion of finance lease 0.2 0.2 Noncurrent portion of Term Loan Facility 69.1 — Noncurrent portion of finance leases 0.5 0.3 Total principal balance outstanding 74.9 42.7 Less: Deferred financing costs, net (6.9 ) — Total $ 68.0 $ 42.7

Pension and Other Postretirem_2

Pension and Other Postretirement Benefit Programs (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Summary of Pension and Postretirement Expenses	The following table summarizes our pension and postretirement expense: Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Defined-benefit pension, U.S. Service cost $ 0.7 $ 0.7 $ 1.3 $ 1.3 Interest cost 3.1 3.7 6.2 7.5 Expected return on plan assets (5.4 ) (5.4 ) (10.7 ) (10.8 ) Amortization of net actuarial loss 2.5 2.4 5.1 4.8 Total, defined-benefit pension, U.S. $ 0.9 $ 1.4 $ 1.9 $ 2.8 Defined-benefit pension, Canada Interest cost $ 0.1 $ 0.2 $ 0.2 $ 0.3 Expected return on plan assets (0.2 ) (0.2 ) (0.3 ) (0.3 ) Amortization of net actuarial loss 0.1 — 0.2 0.1 Total, defined-benefit pension, Canada $ — $ — $ 0.1 $ 0.1 Defined-benefit postretirement, U.S. Service cost $ — $ — $ — $ 0.1 Interest cost 0.5 0.7 1.0 1.3 Amortization of prior service credits (0.1 ) — (0.2 ) — Amortization of net actuarial gains (1.2 ) (0.8 ) (2.4 ) (1.6 ) Total, defined-benefit postretirement, U.S. $ (0.8 ) $ (0.1 ) $ (1.6 ) $ (0.2 )

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the activity, by component, related to the change in AOCI. Foreign Currency Translation Adjustments Derivative Adjustments Pension and Postretirement Adjustments Total Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2019 $ (0.5 ) $ (0.6 ) $ (73.6 ) $ (74.7 ) Other comprehensive (loss) income before reclassifications, net of tax impact of $ − in all periods (0.9 ) 0.7 0.2 — Amounts reclassified from accumulated other comprehensive income — (0.3 ) 2.0 1.7 Net current period other comprehensive (loss) income (0.9 ) 0.4 2.2 1.7 Balance, June 30, 2020 $ (1.4 ) $ (0.2 ) $ (71.4 ) $ (73.0 ) Balance, December 31, 2018 $ 1.7 $ 0.8 $ (64.1 ) $ (61.6 ) Other comprehensive (loss) before reclassifications, net of tax impact of $- , $0.3, ($0.8), and ($0.5) (0.6 ) (0.4 ) (0.8 ) (1.8 ) Amounts reclassified from accumulated other comprehensive income — (0.4 ) 2.6 2.2 Net current period other comprehensive (loss) income (0.6 ) (0.8 ) 1.8 0.4 Balance, June 30, 2019 $ 1.1 $ — $ (62.3 ) $ (61.2 )
Reclassification out of Accumulated Other Comprehensive Income	Three Months Ended Six Months Ended June 30, 2020 2019 2020 2019 Affected Line Item Derivative adjustments Foreign exchange contracts - purchases $ (0.1 ) $ (0.1 ) $ (0.2 ) $ (0.2 ) Cost of goods sold Foreign exchange contracts - sales (0.1 ) (0.1 ) (0.1 ) (0.2 ) Net sales Total (income) before tax (0.2 ) (0.2 ) (0.3 ) (0.4 ) Tax impact — — — — Income tax (benefit) Total (income), net of tax (0.2 ) (0.2 ) (0.3 ) (0.4 ) Pension and postretirement adjustments Prior service cost amortization (0.2 ) — (0.2 ) — Other expense, net Amortization of net actuarial loss 1.5 1.6 2.9 3.3 Other expense, net Tax impact (0.4 ) (0.3 ) (0.7 ) (0.7 ) Income tax (benefit) Total expense, net of tax 0.9 1.3 2.0 2.6 Total reclassifications for the period $ 0.7 $ 1.1 $ 1.7 $ 2.2

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 145.6	$ 177.7	$ 284.3	$ 319.4
United States
Disaggregation of Revenue [Line Items]
Net sales	113.9	136.6	229.1	245.9
China
Disaggregation of Revenue [Line Items]
Net sales	17.4	19.1	24	30.5
CANADA
Disaggregation of Revenue [Line Items]
Net sales	6.2	10.6	13.5	20.6
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 8.1	$ 11.4	$ 17.7	$ 22.4

Severance (Details)

Severance (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Severance expenses	$ 2.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
(Loss) income from continuing operations before income taxes	$ (6.3)	$ 2.6	$ (19.8)	$ (14.3)
Income tax (benefit)	$ 0	$ 2.7	$ 0.3	$ 3
Effective tax rate	0.00%	(103.80%)	1.50%	21.00%

Discontinued Operations - Sched

Discontinued Operations - Schedule of Results of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payment to TZI		$ 1.9
Gain on disposal of discontinued operations, net of tax	$ 0		$ 9.4		$ 0	$ 9.3
Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations before income tax				$ 12.7		12.6
Income tax expense				3.3		3.3
Gain on disposal of discontinued operations, net of tax				$ 9.4		$ 9.3
Discontinued Operations, Disposed of by Means Other than Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of discontinued operations, net of tax			$ 11.4
DLW Subsidiary | Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business							$ 90.2

Earnings (Loss) Per Share of _3

Earnings (Loss) Per Share of Common Stock (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator
Net earnings (loss) from continuing operations	$ (6.3)		$ 5.3		$ (19.5)	$ (11.3)
Net earnings from discontinued operations	0		9.4		0	9.3
Net earnings (loss)	$ (6.3)	$ (13.2)	$ 14.7	$ (16.7)	$ (19.5)	$ (2)
Denominator
Weighted average number of common shares outstanding (in shares)	21,574,595		25,602,519		21,551,024	25,726,288
Weighted average number of vested shares not yet issued (in shares)	346,845		455,263		331,987	628,845
Weighted average number of common shares outstanding - Basic (in shares)	21,921,440		26,057,782		21,883,011	26,355,133
Dilutive stock-based compensation awards outstanding (in shares)	0		81,701		0	0
Weighted average number of common shares outstanding - Diluted (in shares)	21,921,440		26,139,483		21,883,011	26,355,133
Stock compensation performance awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share (in shares)	1,016,278		411,360		1,038,705	425,718
Performance awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share (in shares)	175,174		344,440		177,839	426,753

Accounts and Notes Receivable -

Accounts and Notes Receivable - Receivables Net of Allowances (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Customer receivables	$ 59.2	$ 47.1
Miscellaneous receivables	4	7.2
Less: allowance for product claims, discounts, returns and losses	(18.2)	(18.2)
Accounts and notes receivable, net	$ 45	$ 36.1

Accounts and Notes Receivable_2

Accounts and Notes Receivable - Product Warranties (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance as of January 1		$ (6.4)
Reductions for payments	$ 3.3	3.5
Current year claim accruals	(3.8)	(5)
Balance as of June 30	$ (9.5)	$ (7.9)

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 93.8	$ 87.1
Goods in process	5.6	4.5
Raw materials and supplies	22.9	20
Total	$ 122.3	$ 111.6

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Non-lease component Gain or (loss) on termination of lease	$ 1.6
Member Units [Member]
Lessee, Lease, Description [Line Items]
Sublease income	$ 0.9

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Accounts Payable and Accrued Liabilities, Current [Abstract]
Payables, trade and other	$ 83.9	$ 70.5
Employment costs	13.9	13.8
Other accrued expenses	13.6	16.8
Operating lease liability	3.5	3.3
Total	$ 114.9	$ 104.4

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 74.9	$ 42.7
Current portion of finance lease	0.2	0.2
Noncurrent portion of finance leases	0.5	0.3
Less: Deferred financing costs, net	(6.9)	0
Total	68	42.7
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	4.2	0
ABL Facility
Debt Instrument [Line Items]
Long-term debt, gross	0	42.2
Term Loan Facility
Debt Instrument [Line Items]
Current portion of Term Loan Facility	0.9	0
Noncurrent portion of Term Loan Facility	$ 69.1	$ 0

Debt - Debt (Details)

Debt - Debt (Details) - USD ($) $ in Millions	Jun. 23, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Proceeds from revolving credit facility		$ 41.2	$ 0
Financing and related costs		6.9		$ 0
ABL Credit Facility, Third Amendment
Debt Instrument [Line Items]
Covenant terms, minimum fixed charge coverage ratio	1
ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Debt covenant, minimum available capacity	$ 30
Credit Agreement | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt		90		$ 100
Credit Agreement | Revolving Credit Facility | Term Loan
Debt Instrument [Line Items]
Long-term debt		$ 70
Federal Funds Rate | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
LIBOR | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
LIBOR | Term Loan Agreement | Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	12.00%
Minimum | Base Rate | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Minimum | Eurodollar | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Maximum | Base Rate | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Maximum | Eurodollar | ABL Credit Facility, Third Amendment | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%

Pension and Other Postretirem_3

Pension and Other Postretirement Benefit Programs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
U.S. | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.7	$ 0.7	$ 1.3	$ 1.3
Interest cost	3.1	3.7	6.2	7.5
Expected return on plan assets	(5.4)	(5.4)	(10.7)	(10.8)
Amortization of net actuarial loss (gains)	2.5	2.4	5.1	4.8
Net benefit cost	0.9	1.4	1.9	2.8
U.S. | Other Postretirement Benefits Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0	0	0.1
Interest cost	0.5	0.7	1	1.3
Amortization of prior service credits	0.1	0	0.2	0
Amortization of net actuarial loss (gains)	(1.2)	(0.8)	(2.4)	(1.6)
Net benefit cost	(0.8)	(0.1)	(1.6)	(0.2)
Foreign Plan | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	0.1	0.2	0.2	0.3
Expected return on plan assets	(0.2)	(0.2)	(0.3)	(0.3)
Amortization of net actuarial loss (gains)	0.1	0	0.2	0.1
Net benefit cost	$ 0	$ 0	$ 0.1	$ 0.1

Common Stock Repurchase Plan (D

Common Stock Repurchase Plan (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 21, 2019	Jun. 30, 2019	May 03, 2019	Jun. 30, 2020	May 17, 2019	Mar. 06, 2017
Equity, Class of Treasury Stock [Line Items]
Authorized repurchase amount						$ 50
Shares, repurchased amount	4,504,504			2,500,000
Additional authorized amount					$ 50
Shares acquired, average price per share	$ 11.40			$ 16.23
Common stock repurchased	$ 51.3	$ 51.3	$ 41

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income Activity (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 255.9	$ 268.3	$ 377.6	$ 391	$ 268.3	$ 391
Total other comprehensive income (loss)	1.6	0.1	(2.5)	2.9	1.7	0.4
Ending balance	251.8	255.9	339.5	377.6	251.8	339.5
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(0.5)		1.7	(0.5)	1.7
Other comprehensive (loss) income before reclassifications, net of tax impact					(0.9)	(0.6)
Amounts reclassified from accumulated other comprehensive income					0	0
Total other comprehensive income (loss)					(0.9)	(0.6)
Ending balance	(1.4)		1.1		(1.4)	1.1
AOCI, tax	0				0		$ 0
Derivative Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(0.6)		0.8	(0.6)	0.8
Other comprehensive (loss) income before reclassifications, net of tax impact					0.7	(0.4)
Amounts reclassified from accumulated other comprehensive income					(0.3)	(0.4)
Total other comprehensive income (loss)					0.4	(0.8)
Ending balance	(0.2)		0		(0.2)	0
AOCI, tax	(0.3)				(0.3)		0.2
Pension and Postretirement Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(73.6)		(64.1)	(73.6)	(64.1)
Other comprehensive (loss) income before reclassifications, net of tax impact					0.2	(0.8)
Amounts reclassified from accumulated other comprehensive income					2	2.6
Total other comprehensive income (loss)					2.2	1.8
Ending balance	(71.4)		(62.3)		(71.4)	(62.3)
AOCI, tax	0				0		0
Total Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(74.6)	(74.7)	(58.7)	(61.6)	(74.7)	(61.6)
Other comprehensive (loss) income before reclassifications, net of tax impact					0	(1.8)
Amounts reclassified from accumulated other comprehensive income					1.7	2.2
Total other comprehensive income (loss)	1.6	0.1	(2.5)	2.9	1.7	0.4
Ending balance	(73)	$ (74.6)	$ (61.2)	$ (58.7)	(73)	$ (61.2)
AOCI, tax	$ (0.3)				$ (0.3)		$ 0.2

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ 120.9		$ 141.5		$ 236.3	$ 261.1
Net sales	145.6		177.7		284.3	319.4
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0		9.4		0	9.3
Total (income) before tax	(6.3)		2.6		(19.8)	(14.3)
Tax impact	0		(2.7)		(0.3)	(3)
Total (income), net of tax	(6.3)	$ (13.2)	14.7	$ (16.7)	(19.5)	(2)
Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period	0.7		1.1		1.7		$ 2.2
Derivative Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period					(0.3)	(0.4)
Derivative Adjustments | Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total (income) before tax	(0.2)		(0.2)		(0.3)		(0.4)
Tax impact	0		0		0		0
Total (income), net of tax	(0.2)		(0.2)		(0.3)		(0.4)
Derivative Adjustments | Reclassification out of accumulated other comprehensive income | Purchases | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	(0.1)		(0.1)		(0.2)		(0.2)
Derivative Adjustments | Reclassification out of accumulated other comprehensive income | Sales | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(0.1)		(0.1)		(0.1)		(0.2)
Amortization of net actuarial loss | Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense, net	1.5		1.6		2.9		3.3
Pension and Postretirement Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period					2	2.6
Pension and Postretirement Adjustments | Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax impact	(0.4)		(0.3)		(0.7)		(0.7)
Total (income), net of tax	0.9		1.3		2		$ 2.6
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	$ (0.2)		$ 0		$ (0.2)	$ 0

Litigation and Related Matters

Litigation and Related Matters (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Environmental liabilities	$ 0	$ 0

Uncategorized Items - afi10-q63

Label	Element	Value
Standard and Extended Product Warranty Accrual	us-gaap_ProductWarrantyAccrual	$ 9,000,000