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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 22.4 $ 97.2
Accounts receivable, (net of allowance for credit losses of $1.7 and $6.8, respectively) 102.3 88.2
Inventories 132.3 112.5
Prepaid expenses and other current assets 6.8 6.4
Total current assets 263.8 304.3
Property, plant and equipment, net 16.6 17.8
Operating lease right-of-use assets 77.3 59.3
Deferred income taxes 7.6 7.3
Goodwill and intangibles 7.0 7.2
Other assets 2.6 1.0
Total assets 374.9 396.9
Current liabilities:    
Accounts payable 125.4 115.9
Accrued expenses and other current liabilities 50.7 34.0
Operating lease liabilities 10.3 9.9
Total current liabilities 186.4 159.8
Operating lease liabilities 77.2 58.7
Other liabilities 4.5 2.9
Total liabilities 268.1 221.4
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 38,955,848 and 38,906,221 shares; outstanding 37,552,055 and 37,678,539 shares 0.4 0.4
Additional paid-in capital 193.5 189.7
Treasury stock at cost —1,403,793 and 1,227,682 shares (24.0) (20.4)
Retained (loss) earnings (66.5) 2.8
Accumulated other comprehensive income 3.4 3.0
Total shareholders’ equity 106.8 175.5
Total liabilities and shareholders’ equity $ 374.9 $ 396.9