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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 35.9 $ 37.4
Accounts receivable, net of allowances for doubtful accounts of $2.4 and $1.6, respectively 142.5 124.4
Inventories [1] 189.1 157.3
Prepaid expenses and other current assets 12.7 9.4
Total current assets 380.2 328.5
Properties and equipment, net of accumulated depreciation of $123.3 and $116.0, respectively 81.1 62.0
Rental equipment, net of accumulated depreciation of $42.1 and $30.0, respectively 111.7 96.6
Operating lease right-of-use assets 28.5 0.0
Goodwill 392.1 375.1
Intangible assets, net of accumulated amortization of $19.7 and $13.4, respectively 165.1 143.1
Deferred tax assets 10.4 12.5
Deferred charges and other long-term assets 4.1 5.6
Long-term assets of discontinued operations 0.4 0.4
Total assets 1,173.6 1,023.8
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 0.2 0.2
Accounts payable 70.5 66.1
Customer deposits 12.7 10.1
Accrued liabilities:    
Compensation and withholding taxes 30.2 29.5
Other current liabilities 50.2 52.7
Current liabilities of discontinued operations 0.2 0.2
Total current liabilities 164.0 158.8
Long-term borrowings and finance lease obligations 249.1 209.9
Long-term operating lease liabilities 21.9 0.0
Long-term pension and other postretirement benefit liabilities 54.4 54.6
Deferred gain 0.0 6.8
Deferred tax liabilities 56.6 46.3
Other long-term liabilities 22.2 15.9
Long-term liabilities of discontinued operations 1.2 1.4
Total liabilities 569.4 493.7
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 66.9 and 66.4 shares issued, respectively 66.9 66.4
Capital in excess of par value 225.5 217.0
Retained earnings 503.2 432.5
Treasury stock, at cost, 6.4 and 6.2 shares, respectively (92.6) (88.5)
Accumulated other comprehensive loss (98.8) (97.3)
Total stockholders’ equity 604.2 530.1
Total liabilities and stockholders’ equity $ 1,173.6 $ 1,023.8
[1]
Amounts at September 30, 2019 include inventories acquired in the MRL acquisition - see Note 2 – Acquisitions.