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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Machine lease revenue $ 12.4 $ 9.4 $ 23.2 $ 17.9
Net revenue 90.0 66.1 177.7 129.5
Cost of goods sold 54.3 39.1 105.7 75.7
Gross profit 35.7 27.0 72.0 53.8
Selling, general and administrative expenses 24.6 20.7 43.7 40.3
Depreciation and amortization expense 8.7 7.7 17.4 15.2
Other operating expense, net 1.3 0.7 2.1 1.0
Income (loss) from operations 1.1 (2.1) 8.8 (2.7)
Interest expense 6.0 5.5 11.6 11.7
Foreign currency (gain) loss 1.2 1.4 (2.4) (0.1)
Income (loss) before income tax benefit (6.1) (9.0) (0.4) (14.3)
Income tax benefit (0.9) (0.5) (1.5) (2.2)
Net income (loss) $ (5.2) $ (8.5) $ 1.1 $ (12.1)
Earnings (loss) per share        
Basic $ (0.07) $ (0.12) $ 0.01 $ (0.17)
Diluted $ (0.07) $ (0.12) $ 0.01 $ (0.17)
Weighted average number of shares outstanding - Class A and C        
Basic 77,653,610 70,947,868 75,617,785 70,898,813
Diluted 77,653,610 70,947,868 77,028,319 70,898,813
Other comprehensive income (loss), before tax        
Foreign currency translation adjustments $ 2.2 $ 3.5 $ (6.2) $ (0.5)
Interest rate swap adjustments 0.6 (1.6) 3.2 (11.7)
Total other comprehensive loss, before tax 2.8 1.9 (3.0) (12.2)
Benefit from income taxes related to other comprehensive income (loss) 0.2 0.1 0.8 (2.2)
Total other comprehensive loss, net of tax 2.6 1.8 (3.8) (10.0)
Comprehensive loss, net of tax (2.6) (6.7) (2.7) (22.1)
Class A        
Net income (loss) $ (5.0) $ (7.7) $ 1.0 $ (11.0)
Earnings (loss) per share        
Basic $ (0.07) $ (0.12) $ 0.01 $ (0.17)
Diluted $ (0.07) $ (0.12) $ 0.01 $ (0.17)
Weighted average number of shares outstanding - Class A and C        
Basic 74,673,332 64,436,575 70,968,631 64,387,520
Diluted 74,673,332 64,436,575 72,292,288 64,387,520
Class C        
Net income (loss) $ (0.2) $ (0.8) $ 0.1 $ (1.1)
Earnings (loss) per share        
Basic $ (0.07) $ (0.12) $ 0.02 $ (0.17)
Diluted $ (0.07) $ (0.12) $ 0.02 $ (0.17)
Weighted average number of shares outstanding - Class A and C        
Basic 2,980,278 6,511,293 4,649,154 6,511,293
Diluted 2,980,278 6,511,293 4,736,031 6,511,293
Paper revenue        
Revenue $ 73.5 $ 52.9 $ 148.3 $ 106.3
Other revenue        
Revenue $ 4.1 $ 3.8 $ 6.2 $ 5.3