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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 97.2 $ 295.4
Accounts receivable, net of allowances of $6.8 and $6.6 88.2 84.1
Inventories 112.5 107.3
Prepaid expenses and other current assets 6.4 10.6
Total current assets 304.3 497.4
Property, plant and equipment, net 17.8 14.9
Operating lease right-of-use assets 59.3  
Deferred income taxes 7.3 8.9
Goodwill and intangibles 7.2 7.7
Other assets 1.0 1.1
Total assets 396.9 530.0
Current liabilities:    
Accounts payable 115.9 101.1
Dividend payable 0.0 243.5
Accrued expenses and other current liabilities 34.0 35.0
Operating lease liabilities 9.9  
Total current liabilities 159.8 379.6
Deferred income tax liability 0.1 0.1
Other liabilities 2.8 12.6
Operating lease liabilities 58.7  
Total liabilities 221.4 392.3
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 38,906,221 and 38,861,992 shares; outstanding 37,678,539 and 37,335,467 shares 0.4 0.4
Additional paid-in capital 189.7 187.0
Treasury stock at cost —1,227,682 and 1,526,525 shares (20.4) (25.1)
Retained earnings 2.8 (27.6)
Accumulated other comprehensive income 3.0 3.0
Total shareholders’ equity 175.5 137.7
Total liabilities and shareholders’ equity $ 396.9 $ 530.0