Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 43.7 $ 28.5
Accounts receivable, net of allowance for credit losses of $1.5 and $1.2 125.1 134.6
Inventories, net 191.6 165.6
Income taxes receivable 10.2 2.8
Other current assets 17.9 20.1
Total current assets 388.5 351.6
Property, plant and equipment, net 175.7 174.2
Deferred income taxes 1.6 2.9
Goodwill 468.5 459.9
Other intangible assets, net 405.6 412.8
Other assets 23.8 13.9
Total assets 1,463.7 1,415.3
Current liabilities:    
Accounts payable 73.7 85.3
Accrued compensation and benefits 21.1 28.6
Other accrued expenses and current liabilities 32.0 28.4
Current portion of long-term non-revolving debt, net 19.0 18.1
Dividends payable 2.9 2.9
Income taxes payable 3.6 6.3
Total current liabilities 152.3 169.6
Revolving line of credit 261.3 242.3
Long-term non-revolving debt, net 164.2 183.9
Deferred income taxes 61.0 71.8
Other noncurrent liabilities 30.0 38.7
Total liabilities 668.8 706.3
Commitments and contingencies
Shareholders' equity:    
Preferred stock, par value $0.001, 2,000 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, par value $0.001, 100 shares authorized, 32.6 and 32.4 sharesnissued and outstanding 0.0 0.0
Capital in excess of par value 404.3 394.6
Retained earnings 450.0 363.3
Accumulated other comprehensive loss (59.4) (49.0)
Total shareholders' equity 794.9 709.0
Total liabilities and shareholders' equity $ 1,463.7 $ 1,415.3