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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 49.9 $ 76.1
Accounts receivable, net 46.5 43.9
Inventories 36.0 21.7
Income tax receivable 10.0 1.8
Prepaid expenses and other current assets 4.3 7.7
Total current assets 146.7 151.2
Property, plant and equipment, net 142.6 137.6
Operating lease right-of-use assets, net 24.9 20.9
Goodwill 457.0 443.7
Intangible assets, net 298.9 312.2
Deferred tax assets 0.1 0.1
Other assets 59.4 38.5
Total assets 1,129.6 1,104.2
Current liabilities    
Accounts payable 34.6 26.9
Accrued liabilities and other 24.9 28.5
Current portion of long-term debt 5.9 5.6
Operating lease liabilities, current 3.9 4.0
Deferred revenue 8.9 3.4
Total current liabilities 78.2 68.4
Long-term debt 397.2 400.8
Deferred tax liabilities 57.4 62.0
Derivative instruments 32.7 1.3
Operating lease liabilities, non-current 25.1 20.8
Other liabilities 1.2 2.8
Total liabilities 591.8 556.1
Commitments and contingencies – Note 13
Shareholders’ equity    
Class A common stock, $0.0001 par, 200,000,000 shares authorized at September 30, 2025 and December 31, 2024; shares issued and outstanding: 84,365,754 and 83,267,367 at September 30, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 718.8 699.6
Accumulated deficit (174.1) (145.3)
Accumulated other comprehensive loss (6.9) (6.2)
Total shareholders’ equity 537.8 548.1
Total liabilities and shareholders’ equity $ 1,129.6 $ 1,104.2