XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (0.3) $ 7.6
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 31.8 29.8
Amortization of right of use asset 3.3 2.8
Stock-based compensation expense 5.7 9.3
Reclassification of loss on hedging instrument to comprehensive income 0.5
Non-cash interest expense relating to senior debt 0.7 1.0
Changes in assets and liabilities:    
Accounts receivable (4.4) 11.7
Inventory 2.3 (9.4)
Prepaid expenses and other assets (3.0) (5.0)
Corporate tax and other current taxes payable (4.0) (9.6)
Accounts payable and accrued expenses (7.9) 4.6
Deferred revenue and customer prepayment 3.9 2.9
Operating lease liabilities (3.1) (2.8)
Other long-term liabilities (0.2) (0.4)
Net cash provided by operating activities 24.8 43.0
Cash flows from investing activities:    
Purchases of property and equipment (11.7) (20.1)
Acquisition of third-party company trade and assets (0.6)
Purchases of capital software and internally developed costs (9.2) (11.0)
Contract cost expense (8.6) (7.7)
Net cash used in investing activities (29.5) (39.4)
Cash flows from financing activities:    
Repurchase of common stock (1.6)
Repayments of finance leases (0.4) (1.0)
Net cash used in financing activities (0.4) (2.6)
Effect of exchange rate changes on cash 1.6 0.4
Net (decrease) increase in cash (3.5) 1.4
Cash, beginning of period 40.0 25.0
Total cash and restricted cash, end of period 36.5 26.4
Components of cash and restricted cash    
Cash 35.7 26.4
Restricted cash 0.8
Supplemental cash flow disclosures    
Cash paid during the period for interest 12.8 12.1
Cash paid during the period for income taxes 2.5 4.8
Cash paid during the period for operating leases 7.2 4.9
Supplemental disclosure of non-cash investing and financing activities    
Lease liabilities arising from obtaining right of use assets (6.4) (0.4)
Property and equipment acquired through finance lease 21.9 1.2
Additional paid in capital from net settlement of RSUs $ (0.8) $ (1.3)