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v3.23.3

Shareholders Equity | 9 Months Ended
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Sep. 30, 2023
Statement of Stockholders' Equity [Abstract] |
Shareholders' Equity and Share-based Payments [Text Block] | Shareholders' Equity Activity in our various shareholders' equity accounts for the three and nine months ended September 30, 2023 and 2022 were as follows (in millions):
| Shares Issued |  | Par Value |  | Additional Paid-in Capital |  | Warrants |  | Retained Earnings |  | AOCI |  | Treasury Shares |  | Non-controlling Interest
BALANCE, December 31, 2022 | 75.2 |  |  | $ | 0.8 |  |  | $ | 1,097.9 |  |  | $ | 16.4 |  |  | $ | 160.1 |  |  | $ | 14.7 |  |  | $ | — |  |  | $ | 8.0 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 46.7 |  |  | — |  |  | — |  |  | 1.9 |
Share-based compensation cost | — |  |  | — |  |  | 5.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net changes in pension and other postretirement benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |
BALANCE, March 31, 2023 | 75.2 |  |  | $ | 0.8 |  |  | $ | 1,103.6 |  |  | $ | 16.4 |  |  | $ | 206.8 |  |  | $ | 14.5 |  |  | $ | — |  |  | $ | 9.9 |
Net income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (29.4) |  |  | — |  |  | — |  |  | 2.1 |
Share-based compensation cost | — |  |  | — |  |  | 7.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repurchase of Common Shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (65.0) |  |  | — |
Net changes in pension and other postretirement benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |
Shares withheld for taxes on vesting of share-based awards | — |  |  | — |  |  | (0.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.2) |  |  | — |  |  | — |
BALANCE, June 30, 2023 | 75.2 |  |  | $ | 0.8 |  |  | $ | 1,110.3 |  |  | $ | 16.4 |  |  | $ | 177.4 |  |  | $ | 14.2 |  |  | $ | (65.0) |  |  | $ | 12.0 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 12.9 |  |  | — |  |  | — |  |  | 4.1 |
Share-based compensation cost | — |  |  | — |  |  | 6.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Shares issued under share-based compensation plans, net | 0.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Repurchase of Common Shares | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (85.0) |  |  | — |
Net changes in pension and other postretirement benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |
Shares withheld for taxes on vesting of share-based awards | — |  |  | — |  |  | (4.9) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
BALANCE, September 30, 2023 | 75.4 |  |  | $ | 0.8 |  |  | $ | 1,112.2 |  |  | $ | 16.4 |  |  | $ | 190.3 |  |  | $ | 14.2 |  |  | (150.0) |  |  | $ | 16.1 |
| Shares Issued |  | Par Value |  | Additional Paid-in Capital |  | Warrants |  | Retained Earnings (Deficit) |  | AOCI |  |  |  | Non-controlling Interest
BALANCE, December 31, 2021 | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,083.0 |  |  | $ | 16.4 |  |  | $ | (16.4) |  |  | $ | (9.1) |  |  |  |  | $ | 2.7 |
Net loss | — |  |  | — |  |  | — |  |  | — |  |  | (38.6) |  |  | — |  |  |  |  | (1.2) |
Share-based compensation cost | — |  |  | — |  |  | 3.4 |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Net other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  |  |  | — |
BALANCE, March 31, 2022 | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,086.4 |  |  | $ | 16.4 |  |  | $ | (55.0) |  |  | $ | (9.4) |  |  |  |  | $ | 1.5 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 111.6 |  |  | — |  |  |  |  | 1.2 |
Net changes in pension and other postretirement benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  |  |  | — |
Share-based compensation cost | — |  |  | — |  |  | 3.5 |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Shares withheld for taxes on vesting of share-based awards | — |  |  | — |  |  | (0.2) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Net other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.3 |  |  |  |  | — |
BALANCE, June 30, 2022 | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,089.7 |  |  | $ | 16.4 |  |  | $ | 56.6 |  |  | $ | (9.2) |  |  |  |  | $ | 2.7 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 74.3 |  |  | — |  |  |  |  | 3.4 |
Share-based compensation cost | — |  |  | — |  |  | 4.6 |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Shares withheld for taxes on vesting of share-based awards | — |  |  | — |  |  | (2.3) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Net other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  |  |  | — |
BALANCE, September 30, 2022 | 75.0 |  |  | $ | 0.8 |  |  | $ | 1,092.0 |  |  | $ | 16.4 |  |  | $ | 130.9 |  |  | $ | (9.1) |  |  |  |  | $ | 6.1 |
Share Repurchase Program In 2022, our board of directors authorized a share repurchase program under which we may purchase up to $100.0 million of our outstanding Common Shares. In April 2023, the board of directors authorized an increase of this amount to $300.0 million. The share repurchase program does not have a fixed expiration, may be modified, suspended or discontinued at any time and is subject to compliance with applicable covenants and restrictions under our financing agreements. During the three months ended September 30, 2023, we repurchased 1.2 million shares at an aggregate cost of $85.0 million at an average price of $73.30. During the nine months ended September 30, 2023, we repurchased 2.3 million shares at an aggregate cost of $150.0 million at an average price of $66.24.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent + Details
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