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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 64.1 $ 97.2
Accounts receivable, net 95.0 88.2
Inventories 107.6 112.5
Prepaid expenses and other current assets 5.7 6.4
Total current assets 272.4 304.3
Property, plant and equipment, net 17.0 17.8
Operating lease right-of-use assets 56.3 59.3
Deferred income taxes 7.2 7.3
Goodwill and intangibles 7.2 7.2
Other assets 1.2 1.0
Total assets 361.3 396.9
Current liabilities:    
Accounts payable 117.9 115.9
Accrued expenses and other current liabilities 37.0 34.0
Operating lease liabilities 9.6 9.9
Total current liabilities 164.5 159.8
Deferred income tax liability 0.1 0.1
Other liabilities 2.8 2.8
Operating lease liabilities 56.2 58.7
Total liabilities 223.6 221.4
Commitments and contingencies
Shareholders’ equity:    
Preferred stock 0.0 0.0
Common stock 0.4 0.4
Additional paid-in capital 190.3 189.7
Treasury stock (23.5) (20.4)
Retained (deficit) earnings (32.3) 2.8
Accumulated other comprehensive income 2.8 3.0
Total shareholders’ equity 137.7 175.5
Total liabilities and shareholders’ equity $ 361.3 $ 396.9