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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 215.1 $ 165.0
Accounts receivable, net of allowances of $15.7 and $15.8 266.3 354.5
Inventories 144.4 292.9
Prepaid expenses and other current assets 14.5 15.9
Total current assets 640.3 828.3
Property, plant and equipment, net 38.3 41.2
Deferred income taxes 8.6 15.2
Goodwill and intangibles 18.8 7.4
Other assets 4.1 4.8
Total assets 710.1 896.9
Current liabilities:    
Accounts payable 346.5 419.5
Accrued expenses and other current liabilities 79.0 95.4
Current portion of long term debt 0.6 2.8
Total current liabilities 426.1 517.7
Long-term debt 0.4 1.1
Deferred income tax liability 0.4 0.0
Other liabilities 29.3 18.5
Total liabilities $ 456.2 $ 537.3
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 38,861,992 and 38,861,992 shares; outstanding 36,872,688 and 36,808,158 shares $ 0.4 $ 0.4
Additional paid-in capital 184.4 184.3
Treasury stock at cost - 1,989,304 and 2,053,834 shares (24.5) (25.4)
Retained earnings 109.4 209.2
Accumulated other comprehensive loss (15.8) (8.9)
Total shareholders' equity 253.9 359.6
Total liabilities and shareholders' equity $ 710.1 $ 896.9