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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 1.3 $ 14.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14.2 6.4
Amortization of acquisition-related inventory fair value step-up 1.4 0.0
Provision for credit losses (0.5) (0.1)
Provision for warranties 3.0 6.2
Share-based compensation 2.6 1.7
Deferred tax benefit (0.4) (1.0)
Gain on sale of property and equipment, net (0.1) 0.0
Amortization of debt issuance costs 0.5 0.1
Change in operating assets and liabilities:    
(Purchase) sale of trading securities, net (1.1) 0.2
Receivables and other contract assets 5.1 (3.9)
Inventories 5.6 (10.9)
Prepaid expenses 1.8 0.8
Other assets 0.8 0.7
Accounts payable 13.3 12.6
Accrued employee related liabilities (3.0) 0.0
Other accrued liabilities (2.4) (2.7)
Accrued product warranty (5.2) (4.6)
Customer deposits 2.3 (5.1)
Income taxes payable/prepaid 1.5 5.8
Net cash provided by operating activities 40.7 20.5
Cash flows from investing activities:    
Acquisitions, net of cash acquired (67.9) 0.0
Expenditures for property and equipment (8.1) (3.9)
Proceeds from sale of property and equipment 0.1 0.0
Proceeds from insurance 0.1 0.0
Purchase of investments (0.6) (0.4)
Sale of investments 0.2 0.1
Net cash used in investing activities (76.2) (4.2)
Cash flows from financing activities:    
Payment of dividends (3.0) (2.9)
Proceeds from borrowings on credit facilities and bank loans 117.8 95.5
Repayments of borrowings on credit facilities and bank loans (73.2) (106.9)
Withholding tax paid upon vesting of share-based compensation awards (2.6) (0.7)
Net cash provided by (used in) financing activities 39.0 (15.0)
Effect of exchange rates on cash (0.5) 0.5
Increase in cash, cash equivalents and restricted cash 3.0 1.8
Cash, cash equivalents and restricted cash, beginning of period 72.0 90.8
Cash, cash equivalents and restricted cash, end of period 75.0 92.6
Cash paid during the year for:    
Interest 6.2 1.8
Income taxes paid, net 0.6 0.9
Non-cash investing activities:    
Capital expenditures in accounts payable 0.1 0.4
Non-cash financing activities:    
Additions to right-of-use assets and lease liabilities $ 0.4 $ 0.4