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Supplemental Balance Sheet Data and Cash Flow Information
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Balance Sheet Data and Cash Flow Information Supplemental Balance Sheet Data and Cash Flow Information
Cash and cash equivalents — Cash and cash equivalents include securities with original maturities of three months or less and cash in banks, and our investment in a money market account, which is classified as a cash equivalent because of its short-term, highly liquid nature that is readily convertible to cash. The balance in our money market account was approximately $23.1 million and $17.6 million at June 30, 2024 and December 31, 2023, respectively. The fair value of money market accounts is considered Level 1 in the fair value hierarchy because they are securities traded in active markets.
Accounts Receivable, net — The components of accounts receivable, net were as follows:
 June 30, 2024December 31, 2023
Accounts receivable$37.4 $32.2 
Allowance for doubtful accounts(0.9)(0.6)
Accounts receivable, net$36.5 $31.6 
At June 30, 2024, one customer’s accounts receivable balance represented 20.1% of our accounts receivable balance. At December 31, 2023, one customer’s accounts receivable balance represented 16.9% of our accounts receivable balance.
Inventories — The components of inventories were as follows:
 June 30, 2024December 31, 2023
Raw materials$14.3 $11.5 
Work-in-process1.3 1.4 
Finished goods10.4 4.4 
Inventories$26.0 $17.3 
Property, Plant and Equipment, net — The following table details our property, plant and equipment, net:
 June 30, 2024December 31, 2023
Land$2.4 $2.4 
Buildings and improvements12.4 12.3 
Leasehold improvements20.7 20.7 
Machinery and equipment33.8 30.9 
Computer and office equipment17.0 16.8 
Converting machines224.0 216.6 
Total property, plant and equipment310.3 299.7 
Accumulated depreciation(171.2)(157.6)
Property, plant and equipment, net$139.1 $142.1 
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 June 30,Six Months Ended June 30,
2024202320242023
Cost of goods sold$8.4 $8.6 $18.8 $16.9 
Depreciation and amortization expense1.0 0.8 2.2 1.6 
Total depreciation expense$9.4 $9.4 $21.0 $18.5 
Accrued Liabilities and Other – The components of accrued liabilities and other were as follows:
 June 30, 2024December 31, 2023
Employee compensation$4.2 $3.8 
Taxes6.7 2.5 
Professional fees3.0 3.3 
Bonus4.1 4.6 
Interest2.7 3.0 
Warranty reserve0.8 0.8 
Amounts owed to customers
0.4 1.5 
Other1.6 2.6 
Accrued liabilities and other$23.5 $22.1 
Supplemental Cash Flow Information — Supplemental cash flow information is as follows:
 Six Months Ended June 30,
 20242023
Supplemental cash flow information
Interest paid$14.4 $11.9 
Income taxes paid$1.2 $2.0 
Non-cash investing activities
Capital expenditures in accounts payable$0.1 $1.0