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Stockholders' Equity (Deficit) and Redeemable Convertible Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2025
Temporary Equity And Stockholders Equity Note [Abstract]  
Summary of Dividend activity Dividend activity for the first and second quarters of 2025 was as follows:

(dollars in millions, except per share values)

 

Three Months Ended
March 31, 2025

 

Three Months Ended
June 30, 2025

 

Dividend declared on

 

February 25, 2025

 

April 30, 2025

 

Stockholders of record on

 

March 10, 2025

 

May 12, 2025

 

Dividend paid on

 

March 18, 2025

 

May 21, 2025

 

Dividend per share

 

$

0.0150

 

$

0.0150

 

Cash dividend paid

 

$

3.0

 

$

3.0

 

Summary of the Changes in Accumulated Balances of Other Comprehensive Income The following tables summarize the changes in accumulated balances of other comprehensive income for the three and six months ended June 30, 2025:

(in millions)

Foreign Currency
 Translation
Adjustments

 

Balances as of March 31, 2025

$

 

Other comprehensive income before reclassifications, net

 

5.5

 

Net change in accumulated other comprehensive income

 

5.5

 

Balances as of June 30, 2025

$

5.5

 

 

 

(in millions)

Foreign Currency
 Translation
Adjustments

 

Balances as of December 31, 2024

$

 

Other comprehensive income before reclassifications, net

 

5.5

 

Net change in accumulated other comprehensive income

 

5.5

 

Balances as of June 30, 2025

$

5.5