Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Income Tax Expense (Benefit)

The income tax expense (benefit) for income taxes for the years indicated were as follows (in millions):


	Year Ended December 31,
	2024		2023
Current tax expense
Federal	$	0.6	$	—
State	4.5		4.5
Foreign	0.7		5.3
Net current tax expense	$	5.8	$	9.8
Deferred tax expense (benefit)
Federal	$	0.2	$	0.3
State	—		0.2
Foreign	0.3		(5.8)
Net deferred tax expense (benefit)	$	0.5	$	(5.3)

Income tax expense	$	6.3	$	4.5

Schedule of Components of Income (Loss) from Continuing Operations Before Income Taxes

The US and foreign components of income (loss) from continuing operations before income taxes for the years indicated were as follows (in millions):


	Year Ended December 31,
	2024		2023
US	$	(36.1)	$	(46.9)
Foreign	2.7		12.5
Loss from continuing operations before income taxes	$	(33.4)	$	(34.4)

Schedule of Federal Statutory Income Tax Rate to Income (Loss) Before Income Taxes

For the years indicated, the income tax expense differed from the amount computed by applying the federal statutory income tax rate to income (loss) before income taxes due to the following items (in millions):


	Year Ended December 31,
	2024		2023
Tax (benefit) at federal statutory rate	$	(7.0)	$	(7.2)
State tax, net of federal benefit	(1.3)		1.4
Non-deductible meals and entertainment	0.5		0.6
Executive and stock compensation	2.1		0.3
Increase (decrease) in valuation allowance	19.8		8.9
Tax rate changes	(4.9)		1.2
Return to provision	(3.8)		0.6
Foreign withholding tax expense	—		4.4
Gain on sale of investment	—		0.5
Outside basis differences	—		(6.9)
Other	0.9		0.7
Income tax expense	$	6.3	$	4.5

Schedule of Significant Components of Company's Deferred Tax Assets and Liabilities

Net deferred tax balances as of the years indicated were comprised of the following (in millions):


	December 31,
	2024		2023
Net operating loss carryforwards	$	79.2	$	74.7
Basis difference in fixed assets	0.4		0.3
Deferred compensation	8.1		7.4



Sec. 163(j) carryforward	68.3		59.6

Lease liability	15.7		18.5
Investment in partnership	10.8		9.9
Other deferred tax assets	8.1		7.2
Total deferred tax assets	190.6		177.6
Valuation allowance	(128.9)		(110.7)
Total net deferred tax assets	$	61.7	$	66.9

Basis difference in fixed assets	(16.4)		(19.5)

Right-of-use assets	(15.0)		(17.3)
Basis difference in intangibles	(30.4)		(30.4)
Lease termination	(1.5)		—
Other deferred tax liabilities	(1.2)		(1.8)
Total deferred tax liabilities	$	(64.5)	$	(69.0)

Net deferred tax liabilities	$	(2.8)	$	(2.1)

Net deferred tax asset per Consolidated Balance Sheet	$	1.6	$	2.0
Deferred tax liabilities per Consolidated Balance Sheet	4.4		4.1
Total net deferred tax liabilities	$	(2.8)	$	(2.1)

Schedule of Unrecognized Tax Benefits Roll Forward

Below is a tabular reconciliation of the total amount of unrecognized tax benefits as of the years indicated (in millions):


	Year Ended December 31,
	2024		2023
Uncertain tax benefits - January 1	$	17.6	$	17.6

Gross decreases - Tax positions in prior year	—		—



Uncertain tax benefits - December 31	$	17.6	$	17.6