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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 220.1 $ 167.3
Trade receivables, less allowance for credit losses of $5.7 and $5.1 million at June 30, 2020 and December 31, 2019, respectively 230.6 243.2
Inventories 223.1 222.5
Income tax receivable 6.4 5.2
Prepaid expenses and other current assets 35.8 29.1
Total current assets 716.0 667.3
Property, plant and equipment, net 339.7 354.4
Goodwill 1,543.0 1,694.9
Intangible assets, net 1,450.4 1,502.4
Deferred income taxes 1.0 3.0
Other non-current assets 9.2 25.1
Operating lease right of use assets 41.4 36.6
Total assets 4,100.7 4,283.7
Current liabilities:    
Accounts payable 140.1 154.7
Accrued payroll 57.3 58.3
Accruals and other current liabilities 75.7 82.0
Income tax payable 11.9 13.2
Current portion of long-term debt 17.0 18.0
Operating lease liabilities 13.0 13.5
Total current liabilities 315.0 339.7
Long-term debt - less current portion 1,535.6 1,563.8
Deferred income taxes 368.2 369.1
Pension liabilities 30.5 30.8
Long-term taxes payable 2.7 4.5
Other long-term liabilities 9.8 28.8
Operating lease liabilities, net of current portion 30.4 24.7
Commitments and Contingencies (Note 16)
Stockholders’ equity:    
Common stock ($0.001 par value per share, 120,000,000 shares authorized, 64,575,115 and 64,222,603 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively) 0.1 0.1
Additional paid-in capital 1,701.8 1,696.7
Retained earnings 206.7 315.4
Accumulated other comprehensive loss (100.1) (89.9)
Total stockholders’ equity 1,808.5 1,922.3
Total liabilities and stockholders’ equity $ 4,100.7 $ 4,283.7