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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 47.5 $ 40.5
Accounts receivable, net of allowances for doubtful accounts of $2.5 and $2.1, respectively 173.8 136.0
Inventories 292.7 229.1
Prepaid expenses and other current assets 17.4 25.4
Total current assets 531.4 431.0
Properties and equipment, net 179.3 141.9
Rental equipment, net 109.1 108.4
Operating lease right-of-use assets 24.7 29.8
Goodwill 453.4 432.2
Intangible assets, net 208.2 205.7
Deferred tax assets 8.8 8.4
Deferred charges and other long-term assets 9.4 8.7
Total assets 1,524.3 1,366.1
Current liabilities:    
Current portion of long-term borrowings and finance lease obligations 1.5 0.6
Accounts payable 72.4 64.8
Customer deposits 25.4 21.9
Accrued liabilities:    
Compensation and withholding taxes 31.1 29.9
Current operating lease liabilities 6.9 8.8
Other current liabilities 43.2 44.4
Total current liabilities 180.5 170.4
Long-term borrowings and finance lease obligations 361.5 282.2
Long-term operating lease liabilities 18.5 22.1
Long-term pension and other post-retirement benefit liabilities 38.9 40.4
Deferred tax liabilities 51.0 53.2
Other long-term liabilities 13.0 13.8
Total liabilities 663.4 582.1
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 69.5 and 68.9 shares issued, respectively 69.5 68.9
Capital in excess of par value 271.8 256.7
Retained earnings 782.2 683.6
Treasury stock, at cost, 8.8 and 8.0 shares, respectively (178.6) (151.0)
Accumulated other comprehensive loss (84.0) (74.2)
Total stockholders’ equity 860.9 784.0
Total liabilities and stockholders’ equity $ 1,524.3 $ 1,366.1