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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 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, 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, shares       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      
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, shares       90,649          
Foreign currency translation adjustments (1.5)               $ (1.5)
Change in fair value of derivative, net of tax (1.4)               (1.4)
Shares issued for acquisition 2.7       2.7        
Shares issued for acquisition shares       212,400          
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          
Net income (loss) 8.9         8.9      
Dividends on preferred stock (3.0)         (3.0)      
Dividends on common stock (7.6)         (7.6)      
Impact of adoption of new accounting standard (Note 2)   $ (0.5)         $ (0.5)    
Stock-based compensation 4.3       4.3        
Stock-based compensation, shares       175,577          
Foreign currency translation adjustments 1.6               1.6
Change in fair value of derivative, net of tax (0.5)               (0.5)
Contingent consideration classified as equity 6.3       6.3        
Proceeds from stockholder short-swing profits 0.4       0.4        
Balance at Dec. 31, 2023 $ 149.7       $ 233.8 $ (76.4)   $ (5.9) $ (1.8)
Balance, shares at Dec. 31, 2023     1,200,000 32,369,820          
[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.