XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 78.0 $ 97.5 $ 216.7 $ 241.8
Cost of sales:        
Selling, general and administrative expenses (31.4) (26.9) (96.4) (82.7)
Depreciation and amortization (11.3) (10.3) (31.8) (29.8)
Net operating income 11.9 12.2 19.9 30.6
Other expense        
Interest expense, net (7.6) (6.9) (20.9) (20.5)
Other finance income 0.1 0.1 0.3 0.3
Total other expense, net (7.5) (6.8) (20.6) (20.2)
Net income (loss) before income taxes 4.4 5.4 (0.7) 10.4
Income tax (expense) benefit (1.0) (2.0) 0.4 (2.8)
Net income (loss) 3.4 3.4 (0.3) 7.6
Other comprehensive (loss)/income:        
Foreign currency translation (loss) gain (6.3) 3.6 (5.5) (2.0)
Reclassification of loss on hedging instrument to comprehensive income 0.3
Actuarial gains on pension plan 0.3 0.2 0.9 0.7
Other comprehensive (loss) income (6.0) 3.8 (4.6) (1.0)
Comprehensive (loss) income $ (2.6) $ 7.2 $ (4.9) $ 6.6
Net income per common share – basic $ 0.12 $ 0.12 $ (0.01) $ 0.27
Net income per common share – diluted $ 0.12 $ 0.12 $ (0.01) $ 0.26
Weighted average number of shares outstanding during the period – basic 28,496,801 28,104,365 28,524,762 28,088,901
Weighted average number of shares outstanding during the period – diluted 29,188,787 29,105,267 28,524,762 29,149,285
Stock-based compensation included in:        
Selling, general and administrative expenses $ (1.8) $ (3.3) $ (5.7) $ (9.3)
Service [Member]        
Revenue:        
Total revenue 73.8 70.7 196.7 195.7
Cost of sales:        
Cost of sales [1] (20.7) (21.4) (55.6) (56.9)
Product Sales [Member]        
Revenue:        
Total revenue 4.2 26.8 20.0 46.1
Cost of sales:        
Cost of sales [1] $ (2.7) $ (26.7) $ (13.0) $ (41.8)
[1] Excluding depreciation and amortization