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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 48.8 $ 47.5
Accounts receivable, net of allowances for doubtful accounts of $2.8 and $2.5, respectively 193.4 173.8
Inventories 339.4 292.7
Prepaid expenses and other current assets 24.4 17.4
Total current assets 606.0 531.4
Properties and equipment, net of accumulated depreciation of $167.2 and $156.4, respectively 189.1 179.3
Rental equipment, net of accumulated depreciation of $49.0 and $45.4, respectively 129.8 109.1
Operating lease right-of-use assets 25.1 24.7
Goodwill 475.4 453.4
Intangible assets, net of accumulated amortization of $63.0 and $55.4, respectively 216.7 208.2
Deferred tax assets 8.4 8.8
Other long-term assets 10.2 9.4
Total assets 1,660.7 1,524.3
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 3.1 1.5
Accounts payable 86.7 72.4
Customer deposits 26.6 25.4
Accrued liabilities:    
Compensation and withholding taxes 30.2 31.1
Current operating lease liabilities 7.8 6.9
Other current liabilities 44.0 43.2
Total current liabilities 198.4 180.5
Long-term borrowings and finance lease obligations 406.1 361.5
Long-term operating lease liabilities 18.3 18.5
Long-term pension and other postretirement benefit liabilities 40.3 38.9
Deferred tax liabilities 52.6 51.0
Other long-term liabilities 21.1 13.0
Total liabilities 736.8 663.4
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 69.9 and 69.5 shares issued, respectively 69.9 69.5
Capital in excess of par value 280.9 271.8
Retained earnings 838.3 782.2
Treasury stock, at cost, 8.9 and 8.8 shares, respectively (185.5) (178.6)
Accumulated other comprehensive loss (79.7) (84.0)
Total stockholders’ equity 923.9 860.9
Total liabilities and stockholders’ equity $ 1,660.7 $ 1,524.3