XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 75.6 $ 79.4 $ 138.7 $ 144.3
Cost of sales:        
Selling, general and administrative expenses (30.8) (26.6) (65.0) (55.8)
Depreciation and amortization (10.6) (10.1) (20.5) (19.5)
Net operating income 9.4 13.8 8.0 18.4
Other expense        
Interest expense, net (6.7) (7.3) (13.3) (13.6)
Other finance income 0.1 0.1 0.2 0.2
Total other expense, net (6.6) (7.2) (13.1) (13.4)
Net income (loss) before income taxes 2.8 6.6 (5.1) 5.0
Income tax (expense) benefit (0.8) (1.0) 1.4 (0.8)
Net income (loss) 2.0 5.6 (3.7) 4.2
Other comprehensive income:        
Foreign currency translation (loss) gain (0.2) (2.7) 0.8 (5.6)
Reclassification of loss on hedging instrument to comprehensive income 0.1 0.3
Actuarial gains on pension plan 0.3 0.3 0.6 0.5
Other comprehensive income (loss) 0.1 (2.3) 1.4 (4.8)
Comprehensive income (loss) $ 2.1 $ 3.3 $ (2.3) $ (0.6)
Net income (loss) per common share – basic $ 0.07 $ 0.20 $ (0.13) $ 0.15
Net income (loss) per common share - diluted $ 0.07 $ 0.19 $ (0.13) $ 0.14
Weighted average number of shares outstanding during the period – basic 28,474,059 28,186,725 28,538,897 28,081,041
Weighted average number of shares outstanding during the period – diluted 29,046,281 29,073,078 28,538,897 29,023,288
Stock-based compensation included in:        
Selling, general and administrative expenses $ (1.6) $ (3.1) $ (3.9) $ (6.0)
Service [Member]        
Revenue:        
Total revenue 65.8 67.5 122.9 125.0
Cost of sales:        
Cost of sales [1] (19.0) (20.5) (34.9) (35.5)
Product Sales [Member]        
Revenue:        
Total revenue 9.8 11.9 15.8 19.3
Cost of sales:        
Cost of sales [1] $ (5.8) $ (8.4) $ (10.3) $ (15.1)
[1] Excluding depreciation and amortization