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Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Dividends
On February 21, 2025, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.14 per common share. The dividend totaled $8.6 million and was distributed on March 27, 2025 to stockholders of record at the close of business on March 14, 2025.
On April 22, 2025, the Board declared a quarterly cash dividend of $0.14 per common share payable on May 30, 2025 to stockholders of record at the close of business on May 16, 2025.
During the three months ended March 31, 2024, dividends of $7.3 million were paid to stockholders.
Stock Repurchase Program
In March 2020, the Board authorized a stock repurchase program (the “March 2020 program”) of up to $75 million of the Company’s common stock. During the three months ended March 31, 2025, the Company repurchased 250,604 shares for a total of $19.7 million under its stock repurchase program, including $1.2 million that settled in the second quarter of 2025. At the end of the first quarter of 2025, the Company had remaining authorization under the March 2020 program of approximately $27.2 million.
In April 2025, the Company repurchased an additional 280,893 shares for a total of $20.0 million, which left approximately $7.2 million of authorization remaining under the March 2020 program. On April 22, 2025, the Board authorized an additional stock repurchase program (the “April 2025 program”) of up to $150 million of the Company’s common stock. The April 2025 program supplements the Board’s prior authorization under the March 2020 program, which remains in effect.
The stock repurchase programs are intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns, and manage the Company’s capital structure. Under its stock repurchase programs, the Company is authorized to repurchase, from time to time, shares of its outstanding common stock. Stock repurchases by the Company are subject to market conditions and other factors and may be commenced, suspended, or discontinued at any time.
During the three months ended March 31, 2024, the Company repurchased 1,600 shares for a total of $0.1 million under its stock repurchase program.
Accumulated Other Comprehensive Loss
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax in the three months ended March 31, 2025 and 2024:
(in millions)Actuarial LossesPrior Service CostsForeign
Currency Translation		Interest Rate SwapsTotal
Balance at January 1, 2025 (a)
$(62.5)$(1.8)$(24.5)$(0.2)$(89.0)
Other comprehensive (loss) income before reclassifications(0.3)— 4.0 0.1 3.8 
Amounts reclassified from accumulated other comprehensive loss0.5 — — — 0.5 
Net current-period other comprehensive income0.2 — 4.0 0.1 4.3 
Balance at March 31, 2025 (a)
$(62.3)$(1.8)$(20.5)$(0.1)$(84.7)
(in millions)Actuarial LossesPrior Service CostsForeign
Currency Translation		Interest Rate SwapsTotal
Balance at January 1, 2024 (a)
$(69.7)$(2.0)$(10.1)$0.5 $(81.3)
Other comprehensive income (loss) before reclassifications0.1 — (3.9)1.2 (2.6)
Amounts reclassified from accumulated other comprehensive loss0.5 — — (0.7)(0.2)
Net current-period other comprehensive income (loss)0.6 — (3.9)0.5 (2.8)
Balance at March 31, 2024 (a)
$(69.1)$(2.0)$(14.0)$1.0 $(84.1)
(a)    Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the three months ended March 31, 2025 and 2024 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item in Condensed Consolidated Statements of Operations
20252024
(in millions) (a)
Amortization of actuarial losses of defined benefit pension plans$(0.7)$(0.7)Other expense, net
Interest rate swaps— 0.9 Interest expense, net
Total before tax(0.7)0.2 
Income tax benefit (expense)0.2 — Income tax expense (benefit)
Total reclassifications for the period, net of tax$(0.5)$0.2 
(a)    Amounts in parentheses indicate losses.