XML 17 R3.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 321.9 $ 327.6
Accounts receivable (less allowance for credit losses of $13.9 and $10.7 at December 31, 2025 and 2024, respectively) 444.1 433.9
Inventories 203.0 194.6
Prepaid expenses and other current assets 73.6 98.8
Total current assets 1,042.6 1,054.9
Property and equipment, net 183.3 174.8
Operating lease right-of-use assets 98.7 95.6
Goodwill 450.4 432.6
Intangible assets 261.5 270.5
Other non-current assets 31.5 31.5
Total assets 2,068.0 2,059.9
Current liabilities    
Current maturities of long-term debt 36.6 32.4
Current maturities of operating lease obligations 37.0 34.3
Current maturities of finance lease obligations 2.7 2.8
Accounts payable 119.0 146.6
Accrued compensation 69.5 66.4
Other current liabilities 79.4 76.5
Total current liabilities 344.2 359.0
Long-term debt 850.0 842.4
Operating lease obligations 61.4 61.0
Finance lease obligations 4.0 5.4
Deferred income taxes 24.7 26.3
Other long-term liabilities 73.8 60.5
Total liabilities 1,358.1 1,354.6
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,837,379 and 33,713,662 issued and 26,975,227 and 27,758,491 shares outstanding at December 31, 2025 and 2024, respectively 0.3 0.3
Additional paid in capital 284.1 261.3
Retained earnings 1,043.4 865.5
Treasury stock; at cost: 6,862,152 and 5,955,171 shares at December 31, 2025 and 2024, respectively (640.0) (456.8)
Accumulated other comprehensive income 22.1 35.0
Total stockholders’ equity 709.9 705.3
Total liabilities and stockholders’ equity 2,068.0 2,059.9
Customer relationships    
Current assets    
Intangible assets 172.2 178.8
Other intangibles, net    
Current assets    
Intangible assets $ 89.3 $ 91.7