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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net loss $ (27.1) $ (41.4) $ (2.8)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 69.6 69.0 73.6
Amortization of deferred financing costs 2.2 1.5 1.9
Loss on disposal of fixed assets 1.4 1.1 1.8
Deferred income taxes (5.9) (19.7) (12.8)
Amortization of initial value of interest rate swap (2.4) (0.8) (0.8)
Foreign currency gain (0.3) (2.2) (5.5)
Amortization of restricted stock units (10.2) 18.3 22.5
Amortization of cloud-based software implementation costs 3.0 2.8 0.0
Unrealized gain on investments in small private businesses 0.0 (3.9) 0.0
Changes in operating assets and liabilities:      
(Increase) decrease in receivables, net 6.9 9.1 (6.9)
(Increase) decrease in inventory 5.3 7.6 (17.2)
(Increase) decrease in prepaid expenses and other assets (2.3) (1.6) (0.5)
Increase (decrease) in accounts payable (0.7) (12.4) 5.7
Increase (decrease) in accrued liabilities 6.6 (14.4) 6.9
Change in other assets and liabilities 6.5 (11.9) (11.6)
Net cash provided by operating activities 52.6 1.1 54.3
Capital expenditures:      
Converter equipment (31.4) (31.6) (42.3)
Other capital expenditures (23.9) (13.2) (12.2)
Total capital expenditures (55.3) (44.8) (54.5)
Cash paid for investments in small private businesses 0.0 (2.1) (14.1)
Proceeds from sale of plant, property, and equipment 2.9 0.0 0.0
Cash inflow from settlement of net investment hedges 0.0 10.0 0.0
Patent and trademark expenditures 0.0 (1.0) (1.2)
Net cash used in investing activities (52.4) (37.9) (69.8)
Cash Flows from Financing Activities      
Proceeds from equity offerings, gross 0.0 0.0 104.0
Prepayments on term loan 0.0 0.0 (20.9)
Principal payments on term loans (1.9) (1.1) (1.6)
Financing costs of debt and equity transactions (1.0) 0.0 (0.6)
Proceeds from equipment financing 3.2
Payments On Equipment Financing (0.5) 0.0 0.0
Payments on finance lease liabilities (1.1) (0.9) (0.7)
Exit payment 0.0 0.0 (8.2)
Tax payments for withholdings on stock-based awards distributed (0.5) (2.5) 0.0
Net cash provided by (used in) financing activities (1.8) (4.5) 72.0
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0.8 0.2 (1.1)
Net Increase (Decrease) in Cash and Cash Equivalents (0.8) (41.1) 55.4
Cash and Cash Equivalents, beginning of period 62.8 103.9 48.5
Cash and Cash Equivalents, end of period $ 62.0 $ 62.8 $ 103.9