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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Operating Activities      
Net income $ 6.8 $ 68.0  
Adjustments to reconcile net income to net cash used in operating activities:      
Stock-based compensation expense 1.9 1.5  
Depreciation and amortization 23.5 25.4  
Amortization of deferred financing costs 1.8 2.3  
Deferred income taxes (4.5) 18.6  
Noncash loss on assets held for sale 0.0 12.2  
Change in fair value of warrant liability (8.4) (9.5)  
Loss on disposal of assets 0.8 0.3  
Other (3.9) (11.3)  
Changes in operating assets and liabilities:      
Accounts receivable (38.9) (73.3)  
Inventories 15.8 (2.2)  
Prepaid expenses and other assets (0.5) 9.5  
Accounts payable (14.4) (5.4)  
Accrued expenses and other liabilities (1.8) (7.2)  
Long-term incentive plan accrual 0.4 0.8  
Accrued compensation (20.2) (32.2)  
Income taxes receivable and payable, net 4.6 (8.4)  
Contract liabilities 3.2 (0.3)  
Net cash used in operating activities (33.8) (11.2)  
Investing Activities      
Purchases of property, plant and equipment (2.4) (3.6)  
Proceeds from sale of property, plant and equipment 0.0 38.1  
Milestone payments from prior asset divestiture 0.0 30.0  
Purchase of convertible note receivable 0.0 (5.0)  
Net cash provided by (used in) investing activities (2.4) 59.5  
Financing Activities      
Proceeds from issuance of common stock upon exercise of stock options 0.4 0.0  
Purchases of treasury stock (9.0) 0.0  
Proceeds from stock-based compensation activity 0.0 0.1  
Taxes paid for stock-based compensation activity (2.8) (0.5)  
Net cash used in financing activities: (11.4) (0.4)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.0 (0.7)  
Net change in cash, cash equivalents and restricted cash (47.6) 47.2  
Cash, cash equivalents and restricted cash, beginning of period 209.1 105.6 $ 105.6
Cash, cash equivalents and restricted cash, end of period 161.5 152.8 209.1
Supplemental cash flow disclosures:      
Cash paid for interest 13.1 16.7  
Cash paid for income taxes, net of refunds 5.3 14.5  
Non-cash investing and financing activities:      
Purchases of property, plant and equipment unpaid at period end 1.0 1.5  
Excise tax liability accrued for treasury stock purchases 0.1 0.0  
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents 160.3 149.1 205.4
Restricted cash 1.2 3.7  
Total $ 161.5 $ 152.8 $ 209.1