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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The Company has disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by the Company’s CODM and is most consistent with the presentation of profitability reported within the audited Consolidated Financial Statements.

 

 

Net Sales

 

 

Income (Loss) from Operations

 

 

Assets(a)

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

185.9

 

 

$

6.8

 

 

$

191.0

 

 

$

29.8

 

 

$

31.5

 

Capital Markets - Compliance and Communications Management

 

 

355.4

 

 

 

103.9

 

 

 

359.5

 

 

 

8.0

 

 

 

7.4

 

Investment Companies - Software Solutions

 

 

106.8

 

 

 

22.1

 

 

 

100.9

 

 

 

14.2

 

 

 

18.8

 

Investment Companies - Compliance and Communications Management

 

 

149.1

 

 

 

44.7

 

 

 

31.8

 

 

 

4.6

 

 

 

1.8

 

Total operating segments

 

 

797.2

 

 

 

177.5

 

 

 

683.2

 

 

 

56.6

 

 

 

59.5

 

Corporate

 

 

 

 

 

(67.5

)

 

 

123.7

 

 

 

0.1

 

 

 

2.3

 

Total

 

$

797.2

 

 

$

110.0

 

 

$

806.9

 

 

$

56.7

 

 

$

61.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

180.2

 

 

$

13.5

 

 

$

187.4

 

 

$

23.0

 

 

$

27.0

 

Capital Markets - Compliance and Communications Management

 

 

410.3

 

 

 

131.4

 

 

 

387.7

 

 

 

6.7

 

 

 

5.0

 

Investment Companies - Software Solutions

 

 

99.4

 

 

 

21.9

 

 

 

98.4

 

 

 

11.9

 

 

 

15.6

 

Investment Companies - Compliance and Communications Management

 

 

143.7

 

 

 

35.7

 

 

 

36.7

 

 

 

4.6

 

 

 

3.0

 

Total operating segments

 

 

833.6

 

 

 

202.5

 

 

 

710.2

 

 

 

46.2

 

 

 

50.6

 

Corporate

 

 

 

 

 

(57.5

)

 

 

118.1

 

 

 

0.1

 

 

 

3.6

 

Total

 

$

833.6

 

 

$

145.0

 

 

$

828.3

 

 

$

46.3

 

 

$

54.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

181.0

 

 

$

30.4

 

 

$

186.6

 

 

$

16.7

 

 

$

18.8

 

Capital Markets - Compliance and Communications Management

 

 

561.5

 

 

 

242.6

 

 

 

418.3

 

 

 

5.9

 

 

 

3.0

 

Investment Companies - Software Solutions

 

 

89.0

 

 

 

8.9

 

 

 

91.2

 

 

 

12.6

 

 

 

13.0

 

Investment Companies - Compliance and Communications Management

 

 

161.8

 

 

 

15.0

 

 

 

49.3

 

 

 

4.7

 

 

 

2.9

 

Total operating segments

 

 

993.3

 

 

 

296.9

 

 

 

745.4

 

 

 

39.9

 

 

 

37.7

 

Corporate

 

 

 

 

 

(77.6

)

 

 

137.9

 

 

 

0.4

 

 

 

4.6

 

Total

 

$

993.3

 

 

$

219.3

 

 

$

883.3

 

 

$

40.3

 

 

$

42.3

 

 

(a)
Certain assets are recorded within a segment based on predominant usage, however, as they benefit more than one segment, the related operating expenses are allocated between segments.
Schedule of Corporate Assets

Corporate assets primarily consisted of the following:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Cash and cash equivalents

 

$

23.1

 

 

$

34.2

 

Prepaid expenses and other current assets

 

 

21.9

 

 

 

16.0

 

Deferred income taxes, net

 

 

45.8

 

 

 

33.4

 

Other noncurrent assets

 

 

18.9

 

 

 

18.1