Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Earnings (Loss) Before Income Tax

The components of earnings (loss) before income taxes on the Company’s consolidated statement of operations by the United States and foreign jurisdictions were as follows:

	Year Ended December 31, 2022			Year Ended December 31, 2021			Year Ended December 31, 2020
		(in millions)
United States	$	(14.1	)	$	(13.5	)	$	(14.4	)
Foreign jurisdictions		39.6	)		(24.8	)		(17.6	)
Total earnings (loss) before income taxes	$	25.5		$	(38.3	)	$	(32.0	)

Schedule of Provision for Income Taxes

Income tax provision (benefit), as reflected in the Company’s consolidated statement of operations, consists of the following:

	Year Ended December 31, 2022		Year Ended December 31, 2021			Year Ended December 31, 2020
		(in millions)
Current provision (benefit)
Federal	$	1.6	$	—		$	—
State		0.2		—			—
Foreign		1.4		(1.6	)		0.4
Total current	$	3.2	$	(1.6	)	$	0.4

	Year Ended December 31, 2022		Year Ended December 31, 2021		Year Ended December 31, 2020
		(in millions)
Deferred provision (benefit)
Federal	$	—	$	—	$	—
State		—		—		—
Foreign		—		—		—
Total deferred	$	—	$	—	$	—

Schedule of Differences Between the Federal Statutory Tax Rate and our Effective Rate

The differences between the federal statutory tax rate and our effective rate are reflected in the following table for the years ended December 31, 2022, 2021 and 2020:

	December 31, 2022			December 31, 2021			December 31, 2020
	(in millions)
Statutory income tax		21.0	%		21.0	%		21.0	%
State taxes (net of federal)		0.8	%		0.0	%		0.0	%
Non-deductible officers’ compensation		6.7	%		(5.4	)%		0.0	%
Global intangible low-taxed income		32.4	%		0.0	%		0.0	%
Other permanent differences		(0.7	)%		(1.5	)%		(6.2	)%
Effect of rates different than statutory		(2.0	)%		(4.0	)%		0.5	%
Non-creditable withholding taxes		4.2	%		0.0	%		0.0	%
Foreign tax true ups		(0.1	)%		4.6	%		0.1	%
Research and development tax credits		(1.1	)%		0.3	%		0.0	)%
Change in valuation allowance		(48.6	)%		(10.8	)%		(16.6	)%
Effective income tax rate		12.6	%		4.2	%		(1.2	)%

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities arising from temporary differences are as follows:

	December 31,			December 31,
	2022			2021
	(in millions)
Depreciation	$	52.3		$	71.4
Net operating losses		22.9			31.6
Other temporary differences		3.1			4.4
Intangible Assets		0.7			0.0
Right of Use Liability		2.2			0.0
Total gross deferred tax assets		81.2			107.4
Valuation allowance balance		(79.1	)		(104.5	)
Gross deferred tax assets		2.1			2.9
Intangible assets		0.0			(0.3	)
Other temporary differences		0.0			(2.6	)
Right of Use Asset		(2.1	)		0.0
Gross deferred tax liabilities		(2.1	)		(2.9	)
Net deferred tax assets	$	—		$	—

Schedule of Changes in the Valuation Allowance

Changes in the valuation allowance are as follows:

	December 31, 2022			December 31, 2021
		(in millions)
Beginning balance	$	104.5		$	76.4
(Decrease) increase		(25.4	)		28.1
Reversal of allowance		—			—
Ending balance	$	79.1		$	104.5