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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes
Income before income taxes for the three years ended December 31 was as follows:
202520242023
U.S. operations$37.3 $92.3 $94.2 
Foreign operations20.6 12.5 29.6 
Total$57.9 $104.8 $123.8 
Schedule of Income Tax Expense (Benefit)
Income tax expense for the three years ended December 31 was as follows:
202520242023
Current:
Federal$1.6 $19.1 $28.7 
Foreign7.5 7.9 8.5 
State1.1 3.6 4.0 
Total current$10.2 $30.6 $41.2 
Deferred:
Federal$5.0 $(1.8)$(8.7)
Foreign(2.0)(7.7)(17.3)
State0.9 — (0.9)
Total deferred$3.9 $(9.5)$(26.9)
Total:
Federal$6.6 $17.3 $20.0 
Foreign5.5 0.2 (8.8)
State2.0 3.6 3.1 
Total income tax expense$14.1 $21.1 $14.3 
Schedule of Effective Income Tax Rate for the year ended December 31, 2025 in accordance with ASU 2023-09, which was adopted prospectively in 2025:
AmountPercent
Tax at U.S. statutory rate$12.1 21.0 %
Increases (decreases) in the tax rate from:
State and local income taxes, net of federal effect (a)
1.6 2.7 
Foreign tax effects:
Italy0.7 1.1 
Other1.3 2.2 
Tax credits:
Research and development credits(3.1)(5.4)
Other tax credits(0.1)(0.1)
Nontaxable or nondeductible items:
Nondeductible executive compensation2.2 3.8 
Other nontaxable or nondeductible items(0.4)(0.6)
Changes in unrecognized tax benefits(0.2)(0.4)
Effective income tax rate$14.1 24.3 %
(a)
The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include California, Florida, Georgia, Michigan, New Jersey, New York, Texas, Pennsylvania, and Wisconsin.
The following table presents the reconciliation between our statutory income taxes and effective income taxes for the two years ended December 31 prior to the adoption of ASU 2023-09:
20242023
Tax at statutory rate21.0 %21.0 %
Increases (decreases) in the tax rate from:
State and local taxes, net of federal benefit3.4 2.4 
Effect of foreign operations(2.2)(10.9)
Effect of changes in valuation allowances— (0.2)
Nondeductible executive compensation2.5 1.0 
Stock based compensation(2.9)0.1 
Research and development credit(1.6)(1.3)
Other, net(0.1)(0.5)
Effective income tax rate20.1 %11.6 %
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities were comprised of the following as of December 31:
20252024
Deferred tax assets:
Inventory$3.1 $2.2 
Compensation and employee benefits10.1 12.3 
Warranty reserves2.0 2.2 
Allowance for doubtful accounts and deferred revenue5.4 2.8 
Operating lease liabilities12.4 11.0 
Tax loss carryforwards14.4 7.7 
Tax credit carryforwards6.5 3.6 
Capitalized research and development costs2.9 19.0 
Goodwill and intangible assets10.1 7.0 
Other6.8 2.5 
Gross deferred tax assets$73.7 $70.3 
Less: valuation allowance(3.9)(3.3)
Total net deferred tax assets$69.8 $67.0 
Deferred tax liabilities:
Operating lease assets$13.2 $11.3 
Fixed assets7.2 9.2 
Capitalized implementation costs6.6 5.0 
Total deferred tax liabilities$27.0 $25.5 
Net deferred tax assets$42.8 $41.5 
Schedule of Cash Income Taxes Paid
The amount of cash income taxes paid for the year ended December 31, 2025, disaggregated in accordance with ASU 2023-09, is as follows:
2025
U.S. federal2.5 
U.S. state and local2.0 
Total U.S.4.5 
Foreign:
Germany2.2 
Brazil0.9 
Canada federal0.7 
Netherlands0.7 
France0.7 
Other3.7 
Total foreign8.9 
Total income taxes paid$13.4 
Schedule of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits was as follows:
20252024
Beginning balance5.9 4.1 
Increases as a result of tax positions taken during a prior period0.4 — 
Increases as a result of tax positions taken during the current year0.5 0.9 
Increases relating to prior period tax positions of acquired entities— 1.4 
Decreases as a result of a lapse of the applicable statute of limitations(1.0)(0.5)
Increases as a result of foreign currency fluctuations0.1 — 
Ending balance$5.9 $5.9