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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 249.4 $ 254.4
Trade receivables, less allowance for credit losses of $4.6 and $4.9 million at March 31, 2021 and December 31, 2020, respectively 259.0 240.8
Inventories 222.7 210.4
Income tax receivable 9.3 6.9
Prepaid expenses and other current assets 40.5 35.7
Total current assets 780.9 748.2
Property, plant and equipment, net 333.2 344.2
Goodwill, net 1,575.3 1,596.0
Intangible assets, net 1,425.2 1,459.6
Deferred income taxes 2.5 4.9
Other non-current assets 13.0 14.2
Operating lease right of use assets 37.4 41.0
Total assets 4,167.5 4,208.1
Current liabilities:    
Accounts payable 172.7 163.6
Accrued payroll 60.6 76.2
Accruals and other current liabilities 77.6 73.0
Income tax payable 15.3 17.9
Current portion of long-term debt 16.6 16.6
Operating lease liabilities 12.6 13.3
Total current liabilities 355.4 360.6
Long-term debt, net of current portion 1,388.3 1,408.1
Deferred income taxes 354.1 359.6
Pension liabilities 33.5 35.4
Long-term taxes payable 2.7 3.6
Other long-term liabilities 14.9 14.3
Operating lease liabilities, net of current portion 26.8 29.8
Stockholders’ equity:    
Common stock ($0.001 par value per share, 120,000,000 shares authorized, 64,770,540 and 64,676,567 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively) 0.1 0.1
Additional paid-in capital 1,706.4 1,706.0
Retained earnings 304.8 269.5
Accumulated other comprehensive income/(loss) (19.5) 21.1
Total stockholders’ equity 1,991.8 1,996.7
Total liabilities and stockholders’ equity $ 4,167.5 $ 4,208.1