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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenue $ 82.8 $ 77.8 $ 245.9 $ 247.1
Cost of goods sold 51.3 53.4 156.7 169.8
Gross profit 31.5 24.4 89.2 77.3
Selling, general and administrative expenses 20.9 26.8 64.4 86.8
Depreciation and amortization expense 8.1 7.8 24.2 24.0
Other operating expense , net 0.9 1.5 3.5 3.4
Income (Loss) from operations 1.6 (11.7) (2.9) (36.9)
Interest expense 6.8 5.3 18.4 15.2
Foreign currency (gain) loss (0.7) (1.2) 0.2 (4.1)
Other non-operating income, net (0.1) (4.0) (0.8) (4.0)
Loss before income tax expense (benefit) (4.4) (11.8) (20.7) (44.0)
Income tax expense (benefit) (1.1) (3.1) (2.9) (9.9)
Net loss $ (3.3) $ (8.7) $ (17.8) $ (34.1)
Earnings Per Share [Abstract]        
Basic $ (0.04) $ (0.11) $ (0.22) $ (0.42)
Diluted $ (0.04) $ (0.11) $ (0.22) $ (0.42)
Weighted average number of shares outstanding - Class A and C        
Basic 82,322,957 81,979,986 82,297,985 81,833,718
Diluted 82,322,957 81,979,986 82,297,985 81,833,718
Other comprehensive income (loss), before tax        
Foreign currency translation adjustments $ (4.6) $ (9.8) $ (2.0) $ (24.3)
Interest rate swap adjustments (2.2) 3.3 (5.3) 14.1
Cross-currency swap adjustments 2.7 2.7 1.0 7.0
Total other comprehensive income (loss), before tax (4.1) (3.8) (6.3) (3.2)
Provision (benefit) for income taxes related to other comprehensive income (loss) 0.1 1.5 (1.1) 5.2
Total other comprehensive income (loss), net of tax (4.2) (5.3) (5.2) (8.4)
Comprehensive loss, net of tax $ (7.5) $ (14.0) $ (23.0) $ (42.5)
Class A        
Earnings Per Share [Abstract]        
Basic $ (0.04) $ (0.11) $ (0.22) $ (0.42)
Diluted $ (0.04) $ (0.11) $ (0.22) $ (0.42)
Weighted average number of shares outstanding - Class A and C        
Basic 79,401,858 79,058,887 79,376,886 78,912,619
Diluted 79,401,858 79,058,887 79,376,886 78,912,619
Class C        
Earnings Per Share [Abstract]        
Basic $ (0.03) $ (0.1) $ (0.21) $ (0.41)
Diluted $ (0.03) $ (0.1) $ (0.21) $ (0.41)
Weighted average number of shares outstanding - Class A and C        
Basic 2,921,099 2,921,099 2,921,099 2,921,099
Diluted 2,921,099 2,921,099 2,921,099 2,921,099
Paper revenue        
Revenue $ 64.8 $ 62.6 $ 192.4 $ 199.0
Machine lease revenue        
Revenue 13.2 11.7 38.7 36.4
Other revenue        
Revenue $ 4.8 $ 3.5 $ 14.8 $ 11.7