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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS 'EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect Period Of Adoption Adjustment
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Cumulative Effect Period Of Adoption Adjustment
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
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) (1.2)         (1.2)      
Dividends on preferred stock (0.8)         (0.8)      
Stock based compensation 0.3       0.3        
Balance at Mar. 31, 2022 133.0       217.7 (78.8)   (5.9)  
Balance, shares at Mar. 31, 2022     1,200,000 32,363,376          
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) 10.0                
Foreign currency translation adjustments (1.9)                
Balance at Sep. 30, 2022 140.7       219.3 (70.8)   (5.9) $ (1.9)
Balance, shares at Sep. 30, 2022     1,200,000 31,981,843          
Balance at Mar. 31, 2022 133.0       217.7 (78.8)   (5.9)  
Balance, shares at Mar. 31, 2022     1,200,000 32,363,376          
Net income (loss) 6.1         6.1      
Dividends on preferred stock (0.7)         (0.7)      
Stock based compensation 0.8       0.8        
Stock based compensation, shares       90,649          
Repurchase of common stock, shares [1]       (472,182)          
Balance at Jun. 30, 2022 139.2       218.5 (73.4)   (5.9)  
Balance, shares at Jun. 30, 2022     1,200,000 31,981,843          
Net income (loss) 5.1         5.1      
Dividends on preferred stock (0.7)         (0.7)      
Dividends on common stock (1.8)         (1.8)      
Stock based compensation 0.8       0.8        
Foreign currency translation adjustments (1.9)               (1.9)
Balance at Sep. 30, 2022 140.7       219.3 (70.8)   (5.9) (1.9)
Balance, shares at Sep. 30, 2022     1,200,000 31,981,843          
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          
Net income (loss) 1.0         1.0      
Dividends on preferred stock (0.8)         (0.8)      
Dividends on common stock (1.9)         (1.9)      
Impact of adoption of new accounting standard (Note 2)   $ (0.5)         $ (0.5)    
Stock based compensation 0.8       0.8        
Stock based compensation, shares       173,869          
Foreign currency translation adjustments 0.1               0.1
Change in fair value of derivative, net of tax (0.4)               (0.4)
Balance at Mar. 31, 2023 138.1       223.6 (76.4)   (5.9) (3.2)
Balance, shares at Mar. 31, 2023     1,200,000 32,368,112          
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          
Net income (loss) 10.8                
Foreign currency translation adjustments 0.1                
Change in fair value of derivative, net of tax 1.5                
Balance at Sep. 30, 2023 147.5       226.5 (71.8)   (5.9) (1.3)
Balance, shares at Sep. 30, 2023     1,200,000 32,368,112          
Balance at Mar. 31, 2023 138.1       223.6 (76.4)   (5.9) (3.2)
Balance, shares at Mar. 31, 2023     1,200,000 32,368,112          
Net income (loss) 2.4         2.4      
Dividends on preferred stock (0.7)         (0.7)      
Dividends on common stock (1.8)         (1.8)      
Stock based compensation 1.1       1.1        
Foreign currency translation adjustments 0.7               0.7
Change in fair value of derivative, net of tax 1.6               1.6
Balance at Jun. 30, 2023 141.4       224.7 (76.5)   (5.9) (0.9)
Balance, shares at Jun. 30, 2023     1,200,000 32,368,112          
Net income (loss) 7.4         7.4      
Dividends on preferred stock (0.7)         (0.7)      
Dividends on common stock (2.0)         (2.0)      
Stock based compensation 1.4       1.4        
Foreign currency translation adjustments (0.7)               (0.7)
Change in fair value of derivative, net of tax 0.3               0.3
Proceeds from stockholders short-swing profit 0.4       0.4        
Balance at Sep. 30, 2023 $ 147.5       $ 226.5 $ (71.8)   $ (5.9) $ (1.3)
Balance, shares at Sep. 30, 2023     1,200,000 32,368,112          
[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 condensed consolidated financial statements.