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Shareholders' Deficit (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Summary of Changes in Shareholders' Deficit | Changes in shareholders’ deficit for the three months ended March 31, 2025 and 2024 were as follows:
|  | Three Months Ended March 31, 2025 |
|  | Common Shares |  |  | Paid-in Capital in Excess of Par Value |  |  | Accumulated Other Comprehensive Loss |  |  | Accumulated Deficit |  |  | Total Shareholders’ Deficit |
|  | (in millions) |
Balance as of December 31, 2024 |  | $ | 0.1 |  |  | $ | 278.2 |  |  | $ | (271.4 | ) |  | $ | (808.0 | ) |  | $ | (801.1 | )
Issuance of 0.7 common shares from exercise of SARs, restricted stock units, employee stock purchase plan, and other |  |  | — |  |  |  | 0.3 |  |  |  |  |  |  |  |  |  | 0.3 |
Additional capital from share-based compensation |  |  |  |  |  | 11.6 |  |  |  |  |  |  |  |  |  | 11.6 |
Repurchases of 0.3 common shares |  |  | — |  |  |  | (2.2 | ) |  |  |  |  |  | — |  |  |  | (2.2 | )
Net income |  |  |  |  |  |  |  |  |  |  |  | 50.4 |  |  |  | 50.4 |
Foreign currency translation adjustment, net of income taxes of $0.4 |  |  |  |  |  |  |  |  | 8.7 |  |  |  |  |  |  | 8.7 |
Unrealized loss on derivatives, net of income taxes of $— |  |  |  |  |  |  |  |  | (3.7 | ) |  |  |  |  |  | (3.7 | )
Balance as of March 31, 2025 |  | $ | 0.1 |  |  | $ | 287.9 |  |  | $ | (266.4 | ) |  | $ | (757.6 | ) |  | $ | (736.0 | )
|  | Three Months Ended March 31, 2024 |
|  | Common Shares |  |  | Paid-in Capital in Excess of Par Value |  |  | Accumulated Other Comprehensive Loss |  |  | Accumulated Deficit |  |  | Total Shareholders’ Deficit |
|  | (in millions) |
Balance as of December 31, 2023 |  | $ | 0.1 |  |  | $ | 233.9 |  |  | $ | (232.0 | ) |  | $ | (1,062.3 | ) |  | $ | (1,060.3 | )
Issuance of 0.9 common shares from exercise of SARs, restricted stock units, employee stock purchase plan, and other |  |  | — |  |  |  | 0.7 |  |  |  |  |  |  |  |  |  | 0.7 |
Additional capital from share-based compensation |  |  |  |  |  | 11.9 |  |  |  |  |  |  |  |  |  | 11.9 |
Repurchases of 0.3 common shares |  |  | — |  |  |  | (2.3 | ) |  |  |  |  |  | — |  |  |  | (2.3 | )
Net income |  |  |  |  |  |  |  |  |  |  |  | 24.3 |  |  |  | 24.3 |
Foreign currency translation adjustment, net of income taxes of $(0.1) |  |  |  |  |  |  |  |  | (9.9 | ) |  |  |  |  |  | (9.9 | )
Unrealized loss on derivatives, net of income taxes of $(0.1) |  |  |  |  |  |  |  |  | (1.0 | ) |  |  |  |  |  | (1.0 | )
Balance as of March 31, 2024 |  | $ | 0.1 |  |  | $ | 244.2 |  |  | $ | (242.9 | ) |  | $ | (1,038.0 | ) |  | $ | (1,036.6 | )
Summary of Changes in Accumulated Other Comprehensive Loss | The following table summarizes changes in accumulated other comprehensive loss by component during the three months ended March 31, 2025 and 2024:
|  | Changes in Accumulated Other Comprehensive Loss by Component |
|  | Three Months Ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
|  | Foreign Currency Translation Adjustments |  |  | Unrealized Gain (Loss) on Derivatives |  |  | Total |  |  | Foreign Currency Translation Adjustments |  |  | Unrealized Loss on Derivatives |  |  | Total |
|  | (in millions) |
Beginning balance |  | $ | (282.3 | ) |  | $ | 10.9 |  |  | $ | (271.4 | ) |  | $ | (230.6 | ) |  | $ | (1.4 | ) |  | $ | (232.0 | )
Other comprehensive income (loss) before reclassifications, net of tax |  |  | 8.7 |  |  |  | 0.4 |  |  |  | 9.1 |  |  |  | (9.9 | ) |  |  | (1.8 | ) |  |  | (11.7 | )
Amounts reclassified from accumulated other comprehensive loss to income, net of tax(1) |  |  | — |  |  |  | (4.1 | ) |  |  | (4.1 | ) |  |  | — |  |  |  | 0.8 |  |  |  | 0.8 |
Total other comprehensive income (loss), net of reclassifications |  |  | 8.7 |  |  |  | (3.7 | ) |  |  | 5.0 |  |  |  | (9.9 | ) |  |  | (1.0 | ) |  |  | (10.9 | )
Ending balance |  | $ | (273.6 | ) |  | $ | 7.2 |  |  | $ | (266.4 | ) |  | $ | (240.5 | ) |  | $ | (2.4 | ) |  | $ | (242.9 | )
(1) See Note 9, Derivative Instruments and Hedging Activities, for information regarding the location within the condensed consolidated statements of income of gains (losses) reclassified from accumulated other comprehensive loss to income during the three months ended March 31, 2025 and 2024.

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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