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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 61.0 $ 47.5
Accounts receivable, net of allowances for doubtful accounts of $2.5 and $2.5, respectively 186.2 173.8
Inventories 303.4 292.7
Prepaid expenses and other current assets 19.6 17.4
Total current assets 570.2 531.4
Properties and equipment, net 190.8 179.3
Rental equipment, net 134.8 109.1
Operating lease right-of-use assets 21.0 24.7
Goodwill 472.7 453.4
Intangible assets, net 207.5 208.2
Deferred tax assets 12.0 8.8
Deferred charges and other long-term assets 11.5 9.4
Total assets 1,620.5 1,524.3
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 4.7 1.5
Accounts payable 66.7 72.4
Customer deposits 27.1 25.4
Accrued liabilities:    
Compensation and withholding taxes 42.3 31.1
Current operating lease liabilities 6.8 6.9
Other current liabilities 48.2 43.2
Total current liabilities 195.8 180.5
Long-term borrowings and finance lease obligations 294.3 361.5
Long-term operating lease liabilities 14.9 18.5
Long-term pension and other post-retirement benefit liabilities 44.2 38.9
Deferred tax liabilities 53.2 51.0
Other long-term liabilities 16.2 13.0
Total liabilities 618.6 663.4
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 70.0 and 69.5 shares issued, respectively 70.0 69.5
Capital in excess of par value 291.1 271.8
Retained earnings 915.8 782.2
Treasury stock, at cost, 9.0 and 8.8 shares, respectively (193.7) (178.6)
Accumulated other comprehensive loss (81.3) (84.0)
Total stockholders’ equity 1,001.9 860.9
Total liabilities and stockholders’ equity $ 1,620.5 $ 1,524.3