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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 15.3 $ 11.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 2.6 2.5
Allowance for credit losses 0.3 0.2
Depreciation and amortization 6.4 7.1
Non-cash operating lease expense 0.6 0.6
Amortization of deferred financing fees and debt discount 0.7 1.1
Deferred income taxes (0.9) 2.4
Remeasurement of contingent consideration 3.1 1.5
Changes in operating assets and liabilities, net of effect of businesses acquired:    
Trade and other receivables (34.7) (36.2)
Prepaid expenses and other current assets 11.3 6.1
Other noncurrent assets 0.4 0.1
Accounts payable and other current liabilities 16.5 14.0
Cancelled event liabilities 0.0 0.2
Contingent consideration (0.2) (0.2)
Income tax payable 7.0 1.7
Deferred revenues (14.9) (3.7)
Operating lease liabilities (0.9) (0.9)
Other noncurrent liabilities 0.0 (0.2)
Net cash provided by operating activities 12.6 7.3
Investing activities    
Acquisition of businesses, net of cash acquired (19.6) (11.6)
Purchases of property and equipment (0.2) (0.3)
Purchases of intangible assets (1.6) (2.2)
Net cash used in investing activities (21.4) (14.1)
Financing activities    
Payment of contingent consideration for acquisition of businesses (0.4) 0.0
Proceeds from Second Amended and Restated Term Loan Facility 275.4 0.0
Repayment of principal on Extended Term Loan Facility (169.5) (1.1)
Original issuance discount (1.3) 0.0
Fees paid for debt issuance (1.7) 0.0
Repurchase of common stock (8.8) (1.8)
Dividends on common stock (3.0) 0.0
Preferred stock cash dividend 0.0 (8.6)
Proceeds from issuance of common stock under equity plans 0.1 0.9
Net cash provided by (used in) financing activities 90.8 (10.6)
Net increase (decrease) in cash and cash equivalents 82.0 (17.4)
Cash and cash equivalents    
Beginning of period 194.8 204.2
End of period 276.8 186.8
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid capital expenditures 0.3 0.5
Second Amended and Restated Term Loan Facility 239.6 0.0
Extended Term Loan Facility $ (239.6) $ 0.0