v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 394.5 $ 321.9
Accounts receivable (less allowance for credit losses of $15.1 and $13.9 at June 30, 2026 and December 31, 2025, respectively) 469.6 444.1
Inventories 223.5 203.0
Prepaid expenses and other current assets 68.2 73.6
Total current assets 1,155.8 1,042.6
Property and equipment, net 196.4 183.3
Operating lease right-of-use assets 117.3 98.7
Goodwill 469.8 450.4
Intangibles, net 268.2 261.5
Other non-current assets 43.7 31.5
Total assets 2,251.2 2,068.0
Current liabilities    
Current maturities of long-term debt 34.7 36.6
Current maturities of operating lease obligations 42.0 37.0
Current maturities of finance lease obligations 4.3 2.7
Accounts payable 151.7 119.0
Accrued compensation 65.4 69.5
Other current liabilities 89.3 79.4
Total current liabilities 387.4 344.2
Long-term debt 1,027.5 850.0
Operating lease obligations 82.3 61.4
Finance lease obligations 6.4 4.0
Deferred income taxes 24.6 24.7
Other long-term liabilities 83.5 73.8
Total liabilities 1,611.7 1,358.1
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0.0 0.0
Common stock; $0.01 par value: 100,000,000 authorized, 33,941,274 and 33,837,379 issued and 26,579,168 and 26,975,227 shares outstanding at June 30, 2026 and December 31, 2025, respectively 0.3 0.3
Additional paid in capital 297.8 284.1
Retained earnings 1,073.5 1,043.4
Treasury stock; at cost: 7,362,106 and 6,862,152 shares at June 30, 2026 and December 31, 2025, respectively (755.5) (640.0)
Accumulated other comprehensive income 23.4 22.1
Total stockholders’ equity 639.5 709.9
Total liabilities and stockholders’ equity 2,251.2 2,068.0
Customer relationships    
Current assets    
Intangibles, net 175.4 172.2
Other intangibles, net    
Current assets    
Intangibles, net $ 92.8 $ 89.3