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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 327.6 $ 386.5
Accounts receivable (less allowance for credit losses of $10.7 and $11.2 at December 31, 2024 and 2023, respectively) 433.9 423.3
Inventories 194.6 162.8
Prepaid expenses and other current assets 98.8 97.4
Total current assets 1,054.9 1,070.0
Property and equipment, net 174.8 137.2
Operating lease right-of-use assets 95.6 78.1
Goodwill 432.6 398.8
Intangible assets 270.5 268.7
Other non-current assets 31.5 28.5
Total assets 2,059.9 1,981.3
Current liabilities    
Current maturities of long-term debt 32.4 32.2
Current maturities of operating lease obligations 34.3 28.3
Current maturities of finance lease obligations 2.8 2.7
Accounts payable 146.6 158.6
Accrued compensation 66.4 59.6
Other current liabilities 76.5 65.0
Total current liabilities 359.0 346.4
Long-term debt 842.4 835.1
Operating lease obligations 61.0 49.9
Finance lease obligations 5.4 6.6
Deferred income taxes 26.3 24.5
Other long-term liabilities 60.5 48.5
Total liabilities 1,354.6 1,311.0
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at December 31, 2024 and 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 27,758,491 and 28,367,338 shares outstanding at December 31, 2024 and 2023, respectively 0.3 0.3
Additional paid in capital 261.3 244.7
Retained earnings 865.5 693.8
Treasury stock; at cost: 5,955,171 and 5,220,363 shares at December 31, 2024 and 2023, respectively (456.8) (302.2)
Accumulated other comprehensive income 35.0 33.7
Total stockholders’ equity 705.3 670.3
Total liabilities and stockholders’ equity 2,059.9 1,981.3
Customer relationships    
Current assets    
Intangible assets 178.8 179.6
Other intangibles, net    
Current assets    
Intangible assets $ 91.7 $ 89.1