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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 37.5 $ 50.7
Accounts receivable, net of allowances for doubtful accounts of $1.1 and $0.8, respectively 118.2 81.3
Inventories 137.2 [1] 120.1
Prepaid expenses and other current assets 10.9 7.5
Total current assets 303.8 259.6
Properties and equipment, net 60.1 [2] 42.9
Rental equipment, net 87.2 80.8
Goodwill 377.3 236.5
Intangible assets, net 151.8 [3] 10.2
Deferred tax assets 6.2 8.2
Deferred charges and other long-term assets 5.4 3.9
Long-term assets of discontinued operations 0.5 1.1
Total assets 992.3 643.2
Current liabilities:    
Current portion of long-term borrowings and capital lease obligations 0.3 0.5
Accounts payable 51.5 35.3
Customer deposits 6.5 4.5
Accrued liabilities:    
Compensation and withholding taxes 22.2 13.8
Other current liabilities 36.1 28.7
Current liabilities of discontinued operations 0.5 2.1
Total current liabilities 117.1 84.9
Long-term borrowings and capital lease obligations 277.4 63.5
Long-term pension and other post-retirement benefit liabilities 56.6 61.1
Deferred gain 8.7 10.7
Deferred tax liabilities 45.4 0.0
Other long-term liabilities 28.2 26.9
Long-term liabilities of discontinued operations 1.5 2.0
Total liabilities 534.9 249.1
Stockholders’ equity:    
Common stock, $1 par value per share, 90.0 shares authorized, 66.1 and 65.4 shares issued, respectively 66.1 65.4
Capital in excess of par value 207.7 200.3
Retained earnings 346.6 301.8
Treasury stock, at cost, 6.1 and 5.8 shares, respectively (86.1) (81.4)
Accumulated other comprehensive loss (76.9) (92.0)
Total stockholders’ equity 457.4 394.1
Total liabilities and stockholders’ equity $ 992.3 $ 643.2
[1] Amounts at December 31, 2017 include inventories acquired in the TBEI acquisition - see Note 2 – Acquisitions.
[2] Amounts at December 31, 2017 include properties and equipment acquired in the TBEI acquisition - see Note 2 – Acquisitions.
[3] Amounts at December 31, 2017 include intangible assets acquired in the TBEI acquisition - see Note 2 – Acquisitions.