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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 295.4 $ 184.5
Accounts receivable, net of allowances of $6.6 and $8.5 84.1 73.1
Inventories 107.3 88.2
Prepaid expenses and other current assets 10.6 3.3
Current assets of discontinued operations 0.0 145.0
Total current assets 497.4 494.1
Property, plant and equipment, net 14.9 14.0
Deferred income taxes 8.9 20.1
Goodwill and intangibles 7.7 10.6
Other assets 1.1 1.1
Long term assets of discontinued operations 0.0 11.5
Total assets 530.0 551.4
Current liabilities:    
Accounts payable 101.1 108.1
Dividend payable 243.5 55.7
Accrued expenses and other current liabilities 35.0 38.5
Current liabilities of discontinued operations 0.0 113.5
Total current liabilities 379.6 315.8
Deferred income tax liability 0.1 0.1
Other liabilities 12.6 19.9
Long term liabilities of discontinued operations 0.0 3.8
Total liabilities 392.3 339.6
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $.01 per share, authorized 25 million shares; issued none
Common stock, par value $.01 per share, authorized 150 million shares; issued 38,861,992 and 38,861,992 shares; outstanding 37,335,467 and 37,093,774 shares 0.4 0.4
Additional paid-in capital 187.0 186.5
Treasury stock at cost —1,526,525 and 1,768,218 shares (25.1) (21.8)
Retained earnings (27.6) 44.8
Accumulated other comprehensive income 3.0 1.9
Total shareholders’ equity 137.7 211.8
Total liabilities and shareholders’ equity $ 530.0 $ 551.4