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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
10% Series A Cumulative Perpetual Preferred Stock
Preferred Stock
Preferred Stock
10% Series A Cumulative Perpetual Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
10% Series A Cumulative Perpetual Preferred Stock
Accumulated (Deficit)
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2019 $ (23.2)             $ (23.2)    
Balance, shares at Dec. 31, 2019         7,300,000          
Net income (loss) (24.0)             (24.0)    
Stock issued 4.0 $ 28.2       $ 4.0 $ 28.2      
Stock issued, shares       1,200,000 507,143          
Opening deferred tax liabilities under reverse recapitalization (6.2)             (6.2)    
Equity infusion from reverse recapitalization, net of transaction costs 175.7         175.7        
Equity infusion from reverse recapitalization, net of transaction costs, shares         21,911,359          
Shares issued upon settlement of equity-linked incentive plan 3.1         3.1        
Shares issued upon settlement of equity-linked incentive plan, shares         300,000          
Disgorgement of short swing profits 1.6         1.6        
Stock-based compensation 3.6         3.6        
Stock-based compensation, share         390,000          
Shares issued for acquisition 6.2             6.2    
Repurchases of common stock (5.9)               $ (5.9)  
Repurchases of common stock, shares         (390,000)          
Balance at Dec. 31, 2020 156.9         216.2   (53.4) (5.9)  
Balance, shares at Dec. 31, 2020     1,200,000   30,018,502          
Net income (loss) (20.8)             (20.8)    
Dividends on preferred stock (2.6)             (2.6)    
Stock-based compensation 1.2         1.2        
Stock-based compensation, share         65,000          
Warrants exchanged into common stock         2,279,874          
Balance at Dec. 31, 2021 134.7         217.4   (76.8) (5.9)  
Balance, shares at Dec. 31, 2021     1,200,000   32,363,376          
Net income (loss) 9.3             9.3    
Opening deferred tax liabilities under reverse recapitalization (2.7)         (2.7)        
Dividends on preferred stock (3.0)             3.0    
Dividends on common stock (3.7)             3.7    
Stock-based compensation 2.7         (2.7)        
Stock-based compensation, share         90,649          
Foreign currency translation adjustments (1.5)                 $ (1.5)
Change in fair value of derivatives, net of tax (1.4)                 (1.4)
Shares issued for acquisition shares         212,400          
Shares issued for acquisition 2.7         2.7        
Repurchases of common stock, shares [1]         (472,182)          
Balance at Dec. 31, 2022 $ 139.8         $ 222.8   $ (74.2) $ (5.9) $ (2.9)
Balance, shares at Dec. 31, 2022     1,200,000   32,194,243          
[1] Correction of previously disclosed shares repurchased in 2020, not previously reported as a reduction of common stock shares outstanding. Amount is immaterial to the consolidated financial statements.