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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 208.9 $ 246.1
Trade receivables, less allowance for credit losses of $4.5 and $4.1 million at December 31, 2022 and 2021, respectively 244.6 224.5
Inventories 338.9 267.8
Income tax receivable 8.9 11.7
Assets held for sale   377.3
Prepaid expenses and other current assets 35.1 40.4
Total current assets 836.4 1,167.8
Property, plant and equipment, net 275.1 275.8
Intangible assets, net 970.4 1,057.2
Goodwill 1,524.5 1,564.0
Deferred income taxes 7.5 2.3
Other non-current assets 21.3 13.5
Operating lease right of use assets 41.4 50.0
Total assets 3,676.6 4,130.6
Current liabilities:    
Accounts payable 165.8 173.3
Accrued payroll 67.9 81.8
Accruals and other current liabilities 88.4 77.0
Income tax payable 22.4 6.0
Current portion of long-term debt 20.4 11.1
Liabilities held for sale   53.0
Operating lease liabilities 12.4 14.3
Total current liabilities 377.3 416.5
Long-term debt, net of current portion 1,024.1 1,401.0
Deferred income taxes 216.8 250.5
Pension liabilities 17.3 29.9
Long-term taxes payable 1.8 2.7
Other long-term liabilities 6.3 7.3
Operating lease liabilities, net of current portion 30.6 37.6
Stockholders’ equity:    
Common stock ($0.001 par value, 120,000,000 shares authorized, 65,279,961 and 64,923,539 shares issued and outstanding at December 31, 2022 and 2021, respectively) 0.1 0.1
Additional paid-in capital 1,727.6 1,718.4
Retained earnings 381.7 277.6
Accumulated other comprehensive loss (107.0) (11.0)
Total stockholders’ equity 2,002.4 1,985.1
Total liabilities and stockholders’ equity $ 3,676.6 $ 4,130.6