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Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Debt is comprised of the following indebtedness to various lenders:

(in millions)		September 30, 2025				December 31, 2024
Second Amended and Restated Term Loan Facility, with    interest at SOFR plus 3.25% as of September 30, 2025,    (equal to 7.41% at September 30, 2025) due 2032, net(a)		$	505.0			$	—
Previous Extended Term Loan Facility, with    interest at SOFR plus 5.10% as of December 31, 2024    (equal to 9.46% at December 31, 2024) due 2026, net(b)			—				402.7
Less: Current maturities			5.2				4.2
Long-term debt, net of current maturities, debt    discount and deferred financing fees		$	499.8			$	398.5

(a)The Second Amended and Restated Term Loan Facility (as defined below), scheduled to mature on January 30, 2032, was recorded net of unamortized discount of $6.7 million and net of unamortized deferred financing fees of $2.0 million as of September 30, 2025. The fair market value of the Company’s debt under the Second Amended and Restated Term Loan Facility was $516.1 million as of September 30, 2025.

(b)The Previous Extended Term Loan Facility (as defined below) as of December 31, 2024 was recorded net of unamortized discount of $5.6 million and net of unamortized deferred financing fees of $0.9 million.

Summary of Interest Expense

Interest expense reported in the condensed consolidated statements of loss consists of the following:

		Three Months Ended September 30,								Nine Months Ended September 30,
(in millions)		2025				2024				2025				2024
Second Amended and Restated Term Loan Facility		$	10.4			$	—			$	31.1			$	—
Previous Extended Term Loan Facility			—				11.0				—				32.7
Second Amended and Restated Term Loan Facility third-party fees			—				—				6.4				—
Non-cash interest for amortization of debt discount    and debt issuance costs			0.2				1.1				1.2				3.3
Revolving credit facility interest and commitment fees			0.1				0.2				0.3				0.4
Total interest expense		$	10.7			$	12.3			$	39.0			$	36.4

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Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities.

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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.

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