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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48.6 $ 61.0
Accounts receivable, net of allowances for doubtful accounts of $2.0 and $2.5, respectively 213.6 186.2
Inventories 326.9 303.4
Prepaid expenses and other current assets 22.7 19.6
Total current assets 611.8 570.2
Properties and equipment, net of accumulated depreciation of $181.7 and $173.3, respectively 203.4 190.8
Rental equipment, net of accumulated depreciation of $51.0 and $47.5, respectively 154.2 134.8
Operating lease right-of-use assets 27.8 21.0
Goodwill 469.9 472.7
Intangible assets, net of accumulated amortization of $78.1 and $70.7, respectively 200.6 207.5
Deferred tax assets 11.7 12.0
Other long-term assets 12.1 11.5
Total assets 1,691.5 1,620.5
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 6.5 4.7
Accounts payable 87.0 66.7
Customer deposits 24.6 27.1
Accrued liabilities:    
Compensation and withholding taxes 32.9 42.3
Current operating lease liabilities 7.3 6.8
Other current liabilities 53.4 48.2
Total current liabilities 211.7 195.8
Long-term borrowings and finance lease obligations 248.8 294.3
Long-term operating lease liabilities 21.3 14.9
Long-term pension and other postretirement benefit liabilities 42.9 44.2
Deferred tax liabilities 55.5 53.2
Other long-term liabilities 11.7 16.2
Total liabilities 591.9 618.6
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 70.3 and 70.0 shares issued, respectively 70.3 70.0
Capital in excess of par value 302.0 291.1
Retained earnings 1,013.5 915.8
Treasury stock, at cost, 9.1 and 9.0 shares, respectively (200.8) (193.7)
Accumulated other comprehensive loss (85.4) (81.3)
Total stockholders’ equity 1,099.6 1,001.9
Total liabilities and stockholders’ equity $ 1,691.5 $ 1,620.5