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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net income (loss) $ (10.7) $ (17.8)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 49.4 49.4
Amortization of deferred financing costs 2.1 1.5
Loss on disposal of property and equipment 0.9 0.8
Gain on sale of patents (5.4) 0.0
Deferred income taxes 2.6 (1.5)
Amortization of initial value of interest rate swap (1.2) (1.6)
Currency (gain) loss on foreign denominated debt and notes payable (1.1) 0.2
Stock-based compensation expense 4.6 (11.8)
Amortization of cloud-based software implementation costs 2.6 2.2
Unrealized loss on strategic investments 0.4 0.0
Changes in operating assets and liabilities:    
(Increase) decrease in receivables, net (6.0) (4.1)
(Increase) decrease in inventory (5.0) 3.3
(Increase) decrease in income tax receivable (10.1) (1.6)
(Increase) decrease in prepaid expenses and other assets (1.6) (1.9)
Increase (decrease) in accounts payable 6.2 (1.2)
Increase (decrease) in accrued liabilities 7.7 11.3
Change in other assets and liabilities (0.5) (4.2)
Net cash provided by operating activities 34.9 23.0
Cash Flows from Investing Activities    
Purchases of converter equipment (21.3) (17.5)
Purchases of other property, plant, and equipment (4.0) (17.4)
Proceeds from sale of patents 5.4 0.0
Proceeds from sale of plant, property, and equipment 0.0 2.9
Cash paid for strategic investments (4.8) 0.0
Net cash used in investing activities (24.7) (32.0)
Cash Flows from Financing Activities    
Principal payments on term loans (0.8) (1.5)
Financing costs of debt facilities 0.0 (1.0)
Proceeds from equipment financing 0.7 2.3
Payments on equipment financing (0.9) 0.0
Payments on finance lease liabilities (0.9) (0.7)
Tax payments for withholdings on stock-based awards distributed (0.4) (0.5)
Net cash used in financing activities (2.3) (1.4)
Effect of Exchange Rate Changes on Cash (0.4) (0.3)
Net Increase (Decrease) in Cash and Cash Equivalents 7.5 (10.7)
Cash and Cash Equivalents, beginning of period 62.0 62.8
Cash and Cash Equivalents, end of period $ 69.5 $ 52.1