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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 298.7 $ 327.6
Accounts receivable (less allowance for credit losses of $11.3 and $10.7 at March 31, 2025 and December 31, 2024, respectively) 419.4 433.9
Inventories 198.4 194.6
Prepaid expenses and other current assets 78.2 98.8
Total current assets 994.7 1,054.9
Property and equipment, net 176.4 174.8
Operating lease right-of-use assets 96.9 95.6
Goodwill 435.6 432.6
Intangibles, net 266.9 270.5
Other non-current assets 28.8 31.5
Total assets 1,999.3 2,059.9
Current liabilities    
Current maturities of long-term debt 32.6 32.4
Current maturities of operating lease obligations 34.7 34.3
Current maturities of finance lease obligations 2.8 2.8
Accounts payable 142.3 146.6
Accrued compensation 53.8 66.4
Other current liabilities 78.5 76.5
Total current liabilities 344.7 359.0
Long-term debt 839.8 842.4
Operating lease obligations 61.8 61.0
Finance lease obligations 4.8 5.4
Deferred income taxes 24.4 26.3
Other long-term liabilities 62.9 60.5
Total liabilities 1,338.4 1,354.6
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,766,093 and 33,713,662 issued and 27,610,399 and 27,758,491 shares outstanding at March 31, 2025 and December 31, 2024, respectively 0.3 0.3
Additional paid in capital 268.4 261.3
Retained earnings 853.6 865.5
Treasury stock; at cost: 6,155,694 and 5,955,171 shares at March 31, 2025 and December 31, 2024, respectively (491.1) (456.8)
Accumulated other comprehensive income 29.7 35.0
Total stockholders’ equity 660.9 705.3
Total liabilities and stockholders’ equity 1,999.3 2,059.9
Customer relationships    
Current assets    
Intangibles, net 176.2 178.8
Other intangibles, net    
Current assets    
Intangibles, net $ 90.7 $ 91.7