XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 333.3 $ 327.6
Accounts receivable (less allowance for credit losses of $13.2 and $10.7 at September 30, 2025 and December 31, 2024, respectively) 448.3 433.9
Inventories 187.7 194.6
Prepaid expenses and other current assets 66.0 98.8
Total current assets 1,035.3 1,054.9
Property and equipment, net 184.7 174.8
Operating lease right-of-use assets 98.1 95.6
Goodwill 444.3 432.6
Intangibles, net 260.3 270.5
Other non-current assets 28.4 31.5
Total assets 2,051.1 2,059.9
Current liabilities    
Current maturities of long-term debt 34.8 32.4
Current maturities of operating lease obligations 36.9 34.3
Current maturities of finance lease obligations 2.8 2.8
Accounts payable 137.9 146.6
Accrued compensation 74.2 66.4
Other current liabilities 85.7 76.5
Total current liabilities 372.3 359.0
Long-term debt 846.0 842.4
Operating lease obligations 61.1 61.0
Finance lease obligations 3.7 5.4
Deferred income taxes 22.0 26.3
Other long-term liabilities 67.4 60.5
Total liabilities 1,372.5 1,354.6
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,837,357 and 33,713,662 issued and 27,125,389 and 27,758,491 shares outstanding at September 30, 2025 and December 31, 2024, respectively 0.3 0.3
Additional paid in capital 280.1 261.3
Retained earnings 976.8 865.5
Treasury stock; at cost: 6,711,968 and 5,955,171 shares at September 30, 2025 and December 31, 2024, respectively (602.0) (456.8)
Accumulated other comprehensive income 23.4 35.0
Total stockholders’ equity 678.6 705.3
Total liabilities and stockholders’ equity 2,051.1 2,059.9
Customer relationships    
Current assets    
Intangibles, net 171.9 178.8
Other intangibles, net    
Current assets    
Intangibles, net $ 88.4 $ 91.7