Supplemental Balance Sheet Data and Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Accounts Receivable, Net

Accounts Receivable, net — The components of accounts receivable, net were as follows:

	March 31, 2022			December 31, 2021
Accounts receivable	$	48.5		$	44.7
Allowance for doubtful accounts		(0.9	)		(1.0	)
Accounts receivable, net	$	47.6		$	43.7

Schedule of Inventory, Net

Inventories, net — The components of inventories, net were as follows:

	March 31, 2022			December 31, 2021
Raw materials	$	18.4		$	19.5
Work-in-process		10.8			1.2
Finished goods		12.3			12.5
Total inventories		41.5			33.2
Reserve for obsolescence		(0.3	)		(0.3	)
Inventories, net	$	41.2		$	32.9

Property, Plant and Equipment

Property, Plant and Equipment, net — The following table details our property, plant and equipment, net:

	March 31, 2022			December 31, 2021
Land	$	4.1		$	4.1
Buildings and improvements		8.8			9.2
Machinery and equipment		29.4			22.3
Computer and office equipment		10.5			12.7
Converting machines		167.3			164.1
Total property, plant, and equipment		220.1			212.4
Accumulated depreciation		(97.0	)		(86.1	)
Property, plant, and equipment, net	$	123.1		$	126.3

Depreciation expense recorded in cost of goods sold and depreciation and amortization in the unaudited condensed consolidated statements of operations and comprehensive income (loss) was as follows:

	Three Months Ended March 31,
Depreciation expense included in	2022		2021
Cost of goods sold	$	10.6	$	9.1
Depreciation and amortization expense		0.9		1.4
Total depreciation expense	$	11.5	$	10.5

Schedule of Accrued Liabilities and Other

Accrued Liabilities and Other – The components of accrued liabilities and other were as follows:

	March 31, 2022		December 31, 2021
Employee compensation	$	2.2	$	1.5
Taxes		10.8		6.9
Professional fees		3.5		4.6
Bonus		3.3		10.1
Interest		1.6		1.7
Interest rate swap liability, current portion		0.4		3.8
Other		1.2		2.9
Accrued liabilities and other	$	23.0	$	31.5

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Cash Flow Information — Supplemental cash flow information is as follows:

	Three Months Ended March 31,
	2022		2021
Supplemental cash flow information
Interest paid	$	5.1	$	5.5
Taxes paid		0.7		0.7
Non-cash investing activities
Right-of-use assets obtained in exchange for lease liabilities	$	0.1	$	8.9
Capital expenditures in accounts payable	$	0.7	$	0.3