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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Summary of Long-Term Debt | Debt is comprised of the following indebtedness to various lenders:
(in millions) |  | December 31, 2024 |  |  | December 31, 2023 |
Extended Term Loan Facility, with interest at SOFR plus 5.10% as of December 31, 2024 and 2023, respectively, (equal to 9.46% and 10.46% at December 31, 2024 and 2023, respectively) due 2026, net(a) |  | $ | 402.7 |  |  | $ | 402.9 |
Less: Current maturities |  |  | 4.2 |  |  |  | 4.2 |
Long-term debt, net of current maturities, debt discount and deferred financing fees |  | $ | 398.5 |  |  | $ | 398.7 |
(a) The Extended Term Loan Facility (as defined below), scheduled to mature on May 22, 2026, was recorded net of unamortized discount of $5.6 million and net of unamortized deferred financing fees of $0.9 million as of December 31, 2024. The Extended Term Loan Facility as of December 31, 2023 was recorded net of unamortized discount of $8.9 million and net of unamortized deferred financing fees of $1.5 million. The fair market value of the Company’s debt under the Extended Term Loan Facility was $411.0 million as of December 31, 2024.
Summary of Interest Expense | Interest expense reported in the consolidated statements of (loss) income and comprehensive (loss) income consists of the following:
|  | Year Ended December 31, |
(in millions) |  | 2024 |  |  | 2023 |  |  | 2022 |
Extended Term Loan Facility |  | $ | 43.0 |  |  | $ | 23.8 |  |  | $ | — |
Amended and Restated Term Loan Facility |  |  | — |  |  |  | 13.9 |  |  |  | 22.3 |
Term Loan Amendment third party fees |  |  | — |  |  |  | 2.1 |  |  |  | — |
Non-cash interest for amortization of debt discount and debt issuance costs |  |  | 4.3 |  |  |  | 3.0 |  |  |  | 1.7 |
Revolving credit facility interest and commitment fees |  |  | 0.5 |  |  |  | 0.5 |  |  |  | 0.5 |
Total interest expense |  | $ | 47.8 |  |  | $ | 43.3 |  |  | $ | 24.5 |

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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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