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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 38.4 $ 47.5
Accounts receivable, net of allowances for doubtful accounts of $2.8 and $2.5, respectively 191.6 173.8
Inventories 317.6 292.7
Prepaid expenses and other current assets 18.7 17.4
Total current assets 566.3 531.4
Properties and equipment, net of accumulated depreciation of $161.6 and $156.4, respectively 180.8 179.3
Rental equipment, net of accumulated depreciation of $46.1 and $45.4, respectively 121.9 109.1
Operating lease right-of-use assets 25.8 24.7
Goodwill 458.4 453.4
Intangible assets, net of accumulated amortization of $59.0 and $55.4, respectively 212.8 208.2
Deferred tax assets 8.6 8.8
Other long-term assets 9.7 9.4
Total assets 1,584.3 1,524.3
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 2.3 1.5
Accounts payable 95.6 72.4
Customer deposits 26.1 25.4
Accrued liabilities:    
Compensation and withholding taxes 21.8 31.1
Current operating lease liabilities 7.5 6.9
Other current liabilities 49.8 43.2
Total current liabilities 203.1 180.5
Long-term borrowings and finance lease obligations 373.2 361.5
Long-term operating lease liabilities 19.4 18.5
Long-term pension and other postretirement benefit liabilities 39.9 38.9
Deferred tax liabilities 50.3 51.0
Other long-term liabilities 16.4 13.0
Total liabilities 702.3 663.4
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 69.7 and 69.5 shares issued, respectively 69.7 69.5
Capital in excess of par value 274.7 271.8
Retained earnings 804.1 782.2
Treasury stock, at cost, 8.8 and 8.8 shares, respectively (183.1) (178.6)
Accumulated other comprehensive loss (83.4) (84.0)
Total stockholders’ equity 882.0 860.9
Total liabilities and stockholders’ equity $ 1,584.3 $ 1,524.3