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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ 9.0 $ (186.2)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation expense 5.9 6.8
Depreciation and amortization 27.9 34.6
Change in fair value of contingent obligations, net 0.5 0.3
Amortization of deferred financing costs 6.9 1.0
Deferred income taxes (12.2) (4.7)
Other (3.1) 0.3
Changes in operating assets and liabilities:    
Accounts receivable (50.0) 2.6
Inventories (4.5) (30.7)
Prepaid expenses and other assets (6.0) (4.5)
Accounts payable (2.4) 31.0
Accrued expenses and other liabilities 1.1 (14.7)
Long-term incentive plan accrual 1.2 0.0
Accrued compensation (33.3) (24.3)
Income taxes receivable and payable, net 16.1 12.9
Contract liabilities (19.7) (8.4)
Net cash used in operating activities (62.6) (184.0)
Investing Activities    
Purchases of property, plant and equipment (10.8) (15.1)
Net cash used in investing activities (10.8) (15.1)
Financing Activities    
Proceeds from revolving credit facility 50.0 0.0
Principal payments on revolving credit facility (5.0) 0.0
Principal payments on term loan facility (3.9) (8.4)
Taxes paid for share-based compensation activity (0.4) (2.1)
Net cash provided by (used in) financing activities: 40.7 (10.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.0 (0.2)
Net change in cash, cash equivalents and restricted cash (32.7) (209.8)
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
Add: Net change in cash, classified within current assets held for sale 0.0 (2.6)
Cash, cash equivalents and restricted cash, beginning of period 111.7 642.6
Cash, cash equivalents and restricted cash, end of period 79.0 430.2
Supplemental cash flow disclosures:    
Cash paid for interest 21.5 21.6
Cash paid for income taxes 12.4 16.7
Non-cash investing and financing activities:    
Purchases of property, plant and equipment unpaid at period end 3.3 7.8
Gain on extinguishment of debt 0.3 0.0
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 78.5 430.2
Restricted Cash 0.5 0.0
Total $ 79.0 $ 430.2