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Share Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share Based Compensation Expense and Related Income Tax Benefit

The following table summarizes share-based compensation expense and the related income tax benefit recognized for the Company’s share-based compensation awards. Share-based compensation expenses are recorded within Selling, general and administrative in the Company’s Condensed Consolidated Statement of Operations.

		Three Months Ended March 31,
($ in millions)		2025				2024
Share-based compensation expense		$	5.3			$	6.3
Income tax benefit			2.2				2.2

Schedule of Outstanding Performance Stock Units Activity, Restricted Stock Awards, Restricted Stock Units and Performance-based Stock Options

Activity for RSAs for the three months ended March 31, 2025 was as follows:

		Class A Common Stock				Weighted Average Grant Date Fair Value
Unvested at December 31, 2024			3,985,097			$	8.31
Granted			2,327,269				6.29
Forfeited (1)			524,723				8.88
Vested			743,648				9.26
Unvested at March 31, 2025			5,043,995			$	7.18

(1)The forfeited shares include shares forfeited as a result of employee terminations and shares withheld to satisfy employees’ tax withholding and payment obligations in connection with the vesting of restricted stock awards under the Incentive Plan during the three months ended March 31, 2025; further, these forfeited shares are added back to the amount of shares available for grant under the Incentive Plan.

Activity for RSUs for the three months ended March 31, 2025 was as follows:

		Class A Common Stock				Weighted Average Grant Date Fair Value
Unvested at December 31, 2024			130,923			$	9.70
Granted			—				—
Forfeited			—				—
Vested			—				—
Unvested at March 31, 2025			130,923			$	9.70

Activity for PSUs for the three months ended March 31, 2025 was as follows:

		Class A Common Stock (1)				Weighted Average Grant Date Fair Value
Unvested at December 31, 2024			1,865,080			$	10.57
Granted			1,132,134				7.78
Forfeited			33,118				13.03
Vested			—				—
Unvested at March 31, 2025			2,964,096			$	9.48

(1)Represent shares to be paid out at 100% target level.

Activity for PSOs for the three months ended March 31, 2025 was as follows:

		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (in years)				Aggregate Intrinsic Value
Outstanding at December 31, 2024			1,089,930				6.13				7.0			$	1,634,895
Granted			—				—
Forfeited			—				—
Exercised			—				—
Outstanding at March 31, 2025			1,089,930			$	6.13				7.0			$	(610,361	)
Options vested and exercisable at March 31, 2025			294,462			$	6.13				7.0			$	(164,899	)

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Tabular disclosure of share-based payment arrangement.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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