Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Components of Income Tax Provision (Benefit)

The income tax provision (benefit) for the years ended December 31, 2023, 2022 and 2021 were calculated based upon the following components of income before income taxes:

	Year Ended December 31,
	2023		2022		2021
U.S. income (loss)	$	0.7	$	9.0	$	(17.2	)
Foreign income		1.8		1.6		—
Total income (loss) before taxes	$	2.5	$	10.6	$	(17.2	)

Schedule of Income Tax Provision (Benefit)

The income tax provision (benefit) for the years ended December 31, 2023, 2022 and 2021 consisted of the following:

	Year Ended December 31,
	2023			2022			2021
Current
U.S. federal	$	0.7		$	1.9		$	—
U.S. state		1.7			0.6			—
Foreign		0.4			—			—
Deferred
U.S. federal		(5.2	)		(0.7	)		2.8
U.S. state		(5.3	)		(0.8	)		0.8
Foreign		1.3			0.3			—
Total income tax (benefit) expense	$	(6.4	)	$	1.3		$	3.6

Schedule of Reconciliation of Income Tax (Expense) Benefit

The reconciliation of the income tax expense (benefit) in the consolidated financial statements and the amount computed by applying the statutory U.S. federal and state related income tax rates to the pre-tax income (loss) before income taxes for the years ended December 31, 2023, 2022 and 2021 was as follows:

	Year Ended December 31,
	2023			2022			2021
Income tax expense (benefit) at statutory U.S. federal rate	$	0.5		$	2.2		$	(3.6	)
Income tax expense (benefit) at statutory U.S. states rate, net		0.2			(0.4	)		(0.6	)
Foreign rate differential		0.1			0.1			—
Valuation allowance		(8.8	)		0.8			7.6
Fixed asset basis adjustments		—			(1.6	)		—
Other		1.6			0.2			0.2
Total income tax (benefit) expense	$	(6.4	)	$	1.3		$	3.6

Schedule of Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities as of December 31, 2023 and 2022 were as follows:

	Year Ended December 31,
	2023			2022
Deferred Tax Assets
Net operating loss carryforwards	$	41.3		$	8.3
Deferred revenue		0.6			0.7
Accounts receivable and inventories		6.6			6.0
Goodwill & intangibles		—			1.8
Accrued liabilities		4.8			6.0
Lease liability		39.1			35.2
Interest limitation carryforward		20.5			3.7
Deferred payroll taxes and other		2.0			1.8
Gross deferred tax assets		114.9			63.5
Valuation allowance		—			(8.8	)
Deferred tax assets		114.9			54.7
Deferred Tax Liabilities
Property and equipment		(73.5	)		(25.3	)
Goodwill & intangibles		(2.2	)		—
Prepaid expenses		(1.4	)		(1.5	)
Lease right-of-use assets		(37.6	)		(34.3	)
Gross deferred tax liabilities		(114.7	)		(61.1	)
Deferred tax assets (liabilities), net	$	0.2		$	(6.4	)