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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 63.0 $ 76.1
Accounts receivable, net 47.7 43.9
Inventories 30.6 21.7
Income tax receivable 1.9 1.8
Prepaid expenses and other current assets 10.6 7.7
Total current assets 153.8 151.2
Property, plant, and equipment, net 138.7 137.6
Operating lease right-of-use assets, net 24.0 20.9
Goodwill 457.2 443.7
Intangible assets, net 291.8 312.2
Deferred tax assets 0.4 0.1
Other assets 59.0 38.5
Total assets 1,124.9 1,104.2
Current liabilities    
Accounts payable 36.7 26.9
Accrued liabilities and other 23.9 28.5
Current portion of long-term debt 5.5 5.6
Operating lease liabilities, current 3.9 4.0
Deferred revenue 14.0 3.4
Total current liabilities 84.0 68.4
Long-term debt 396.4 400.8
Deferred tax liabilities 50.7 62.0
Derivative instruments 33.4 1.3
Operating lease liabilities, non-current 24.2 20.8
Other liabilities 1.3 2.8
Total liabilities 590.0 556.1
Commitments and contingencies – Note 13
Shareholders' equity    
Class A common stock, $0.0001 par, 200,000,000 shares authorized at December 31, 2025 and 2024; shares issued and outstanding: 84,385,870 and 83,267,367 at December 31, 2025 and 2024, respectively 0.0 0.0
Additional paid-in capital 722.3 699.6
Accumulated deficit (183.6) (145.3)
Accumulated other comprehensive loss (3.8) (6.2)
Total shareholders' equity 534.9 548.1
Total liabilities and shareholders' equity $ 1,124.9 $ 1,104.2