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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 57.5 $ 91.1
Accounts receivable, net of allowances for doubtful accounts of $2.9 and $2.6, respectively 223.2 196.4
Inventories 362.0 331.0
Prepaid expenses and other current assets 22.1 24.0
Total current assets 664.8 642.5
Properties and equipment, net of accumulated depreciation of $193.8 and $187.4, respectively 235.8 218.9
Rental equipment, net of accumulated depreciation of $55.6 and $53.3, respectively 185.3 173.2
Operating lease right-of-use assets 27.3 27.8
Goodwill 514.0 477.7
Intangible assets, net of accumulated amortization of $89.9 and $85.6, respectively 226.0 199.7
Deferred tax assets 9.9 9.4
Other long-term assets 16.3 16.0
Total assets 1,879.4 1,765.2
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 10.1 19.4
Accounts payable 103.8 79.0
Customer deposits 48.9 35.0
Accrued liabilities:    
Compensation and withholding taxes 28.8 45.6
Current operating lease liabilities 6.9 6.8
Other current liabilities 79.9 56.0
Total current liabilities 278.4 241.8
Long-term borrowings and finance lease obligations 266.9 204.4
Long-term operating lease liabilities 21.3 21.8
Long-term pension and other postretirement benefit liabilities 40.1 41.7
Deferred tax liabilities 58.8 58.0
Other long-term liabilities 11.5 11.4
Total liabilities 677.0 579.1
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 70.6 and 70.3 shares issued, respectively 70.6 70.3
Capital in excess of par value 312.2 309.8
Retained earnings 1,140.5 1,102.8
Treasury stock, at cost, 9.5 and 9.2 shares, respectively (236.2) (207.8)
Accumulated other comprehensive loss (84.7) (89.0)
Total stockholders’ equity 1,202.4 1,186.1
Total liabilities and stockholders’ equity $ 1,879.4 $ 1,765.2