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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 406.2 $ 386.5
Accounts receivable (less allowance for credit losses of $11.4 and $11.2 at September 30, 2024 and December 31, 2023, respectively) 451.0 423.3
Inventories 182.3 162.8
Prepaid expenses and other current assets 85.3 97.4
Total current assets 1,124.8 1,070.0
Non-current assets    
Property and equipment, net 167.0 137.2
Operating lease right-of-use assets 86.1 78.1
Goodwill 415.1 398.8
Intangibles, net 255.8 268.7
Other non-current assets 23.7 28.5
Total assets 2,072.5 1,981.3
Current liabilities    
Current maturities of long-term debt 31.5 32.2
Current maturities of operating lease obligations 31.2 28.3
Current maturities of finance lease obligations 2.8 2.7
Accounts payable 169.4 158.6
Accrued compensation 68.6 59.6
Other current liabilities 73.2 65.0
Total current liabilities 376.7 346.4
Long-term debt 840.8 835.1
Operating lease obligations 54.6 49.9
Finance lease obligations 6.0 6.6
Deferred income taxes 22.1 24.5
Other long-term liabilities 55.9 48.5
Total liabilities 1,356.1 1,311.0
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,713,662 and 33,587,701 issued and 28,141,744 and 28,367,338 shares outstanding at September 30, 2024 and December 31, 2023, respectively 0.3 0.3
Additional paid in capital 257.0 244.7
Retained earnings 808.4 693.8
Treasury stock; at cost: 5,571,918 and 5,220,363 shares at September 30, 2024 and December 31, 2023, respectively (377.1) (302.2)
Accumulated other comprehensive income 27.8 33.7
Total stockholders’ equity 716.4 670.3
Total liabilities and stockholders’ equity 2,072.5 1,981.3
Customer relationships    
Non-current assets    
Intangibles, net 169.6 179.6
Other intangibles, net    
Non-current assets    
Intangibles, net $ 86.2 $ 89.1