Shareholders Equity

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Shareholders' Equity and Share-based Payments

Shareholders' Equity

Activity in our various shareholders' equity accounts for the six months ended June 30, 2025 and 2024 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, 2024	76.2	$	0.8	$	1,113.3	$	16.4	$	1,398.9	$	34.2	$	(325.1)	$	5.8
Net loss	—	—		—		—		(37.9)		—		—		(1.3)
Share-based compensation cost	—	—		5.6		—		—		—		—		—
Shares issued under share-based compensation plans, net	0.1	—		—		—		—		—		—		—

Net changes in pension and other postretirement benefits	—	—		—		—		—		(0.2)		—		—
Shares withheld for taxes on vesting of share-based awards	—	—		(0.3)		—		—		—		—		—
Foreign currency translation adjustments	—	—		—		—		—		1.3		—		—
BALANCE, March 31, 2025	76.3	$	0.8	$	1,118.6	$	16.4	$	1,361.0	$	35.3	$	(325.1)	$	4.5
Net income (loss)	—	—		—		—		115.1		—		—		(0.9)
Share-based compensation cost	—	—		6.0		—		—		—		—		—
Net changes in pension and other postretirement benefits	—	—		—		—		—		(0.2)		—		—



Foreign currency translation adjustments	—	—		—		—		—		1.8		—		—
BALANCE, June 30, 2025	76.3	$	0.8	$	1,124.6	$	16.4	$	1,476.1	$	36.9	$	(325.1)	$	3.6


	Shares Issued	Par Value		Additional Paid-in Capital		Warrants		Retained Earnings		AOCI		Treasury Shares		Non-controlling Interest
BALANCE, December 31, 2023	75.4	$	0.8	$	1,119.8	$	16.4	$	1,025.5	$	25.2	$	(200.1)	$	9.4
Net income	—	—		—		—		25.5		—		—		—
Share-based compensation cost	—	—		8.0		—		—		—		—		—
Net changes in pension and other postretirement benefits	—	—		—		—		—		(0.2)		—		—
Shares withheld for taxes on vesting of share-based awards	—	—		(0.1)		—		—		—		—		—
Foreign currency translation adjustments	—	—		—		—		—		0.1		—		—
BALANCE, March 31, 2024	75.4	$	0.8	$	1,127.7	$	16.4	$	1,051.0	$	25.1	$	(200.1)	$	9.4
Net income	—	—		—		—		149.6		—		—		1.2
Share-based compensation cost	—	—		7.4		—		—		—		—		—

Net changes in pension and other postretirement benefits	—	—		—		—		—		(0.2)		—		—
Shares withheld for taxes on vesting of share-based awards	—	—		(0.3)		—		—		—		—		—
Foreign currency translation adjustments	—	—		—		—		—		(0.6)		—		—
BALANCE, June 30, 2024	75.4	$	0.8	$	1,134.8	$	16.4	$	1,200.6	$	24.3	$	(200.1)	$	10.6

Share Repurchase Program

Our board of directors has authorized a share repurchase program (the "Share Repurchase Program") under which we may purchase up to $600.0 million of our outstanding Common Shares. The Share Repurchase Program does not have a fixed expiration, may be modified, suspended or discontinued at any time and any repurchases made pursuant to the Share Repurchase Program are subject to compliance with applicable covenants and restrictions under our financing agreements.

There were no share repurchases during each of the three and six months ended June 30, 2025 and 2024. As of June 30, 2025, we had approximately $275.0 million available for share repurchases pursuant to the Share Repurchase Program.