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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 31.6 $ 37.4
Accounts receivable, net of allowances for doubtful accounts of $2.4 and $1.6, respectively 134.2 124.4
Inventories 182.9 [1] 157.3
Prepaid expenses and other current assets 12.0 9.4
Total current assets 360.7 328.5
Properties and equipment, net 91.9 [2] 62.0
Rental equipment, net 115.4 96.6
Operating lease right-of-use assets 27.6 0.0
Goodwill 388.8 375.1
Intangible assets, net 162.9 143.1
Deferred tax assets 10.0 12.5
Deferred charges and other long-term assets 7.9 5.6
Long-term assets of discontinued operations 0.3 0.4
Total assets 1,165.5 1,023.8
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 0.2 0.2
Accounts payable 65.0 66.1
Customer deposits 11.5 10.1
Accrued liabilities:    
Compensation and withholding taxes 31.1 29.5
Other current liabilities 52.2 52.7
Current liabilities of discontinued operations 0.2 0.2
Total current liabilities 160.2 158.8
Long-term borrowings and finance lease obligations 220.3 209.9
Long-term operating lease liabilities 21.6 0.0
Long-term pension and other post-retirement benefit liabilities 50.9 54.6
Deferred gain 0.0 6.8
Deferred tax liabilities 52.7 46.3
Other long-term liabilities 17.3 15.9
Long-term liabilities of discontinued operations 0.9 1.4
Total liabilities 523.9 493.7
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 228.6 217.0
Retained earnings 528.2 432.5
Treasury stock, at cost, 6.4 and 6.2 shares, respectively (93.0) (88.5)
Accumulated other comprehensive loss (89.1) (97.3)
Total stockholders’ equity 641.6 530.1
Total liabilities and stockholders’ equity $ 1,165.5 $ 1,023.8
[1]
Amounts at December 31, 2019 include inventories acquired in the MRL acquisition - see Note 2 – Acquisitions.
[2]
Amounts at December 31, 2019 include properties and equipment acquired in the MRL acquisition - see Note 2 – Acquisitions.