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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 399.9 $ 386.5
Accounts receivable (less allowance for credit losses of $11.1 and $11.2 at March 31, 2024 and December 31, 2023, respectively) 425.5 423.3
Inventories 171.1 162.8
Prepaid expenses and other current assets 82.7 97.4
Total current assets 1,079.2 1,070.0
Non-current assets    
Property and equipment, net 146.3 137.2
Operating lease right-of-use assets 79.3 78.1
Goodwill 400.4 398.8
Intangibles, net 260.5 268.7
Other non-current assets 37.5 28.5
Total assets 2,003.2 1,981.3
Current liabilities    
Current maturities of long-term debt 31.6 32.2
Current maturities of operating lease obligations 28.4 28.3
Current maturities of finance lease obligations 2.8 2.7
Accounts payable 156.8 158.6
Accrued compensation 47.2 59.6
Other current liabilities 72.9 65.0
Total current liabilities 339.7 346.4
Long-term debt 843.4 835.1
Operating lease obligations 51.0 49.9
Finance lease obligations 6.9 6.6
Deferred income taxes 26.2 24.5
Other long-term liabilities 56.8 48.5
Total liabilities 1,324.0 1,311.0
Commitments and contingencies
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,658,330 and 33,587,701 issued and 28,436,558 and 28,367,338 shares outstanding at March 31, 2024 and December 31, 2023, respectively 0.3 0.3
Additional paid in capital 248.7 244.7
Retained earnings 694.2 693.8
Treasury stock; at cost: 5,221,772 and 5,220,363 shares at March 31, 2024 and December 31, 2023, respectively (302.4) (302.2)
Accumulated Other Comprehensive Income (Loss), Net of Tax 38.4 33.7
Total stockholders’ equity 679.2 670.3
Total liabilities and stockholders’ equity 2,003.2 1,981.3
Customer relationships    
Non-current assets    
Intangibles, net 173.7 179.6
Other intangibles, net    
Non-current assets    
Intangibles, net $ 86.8 $ 89.1