XML 38 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Supplemental Balance Sheet Data and Cash Flow Information (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Accounts Receivable, Net
Accounts Receivable, net — The components of accounts receivable, net were as follows:
 March 31, 2025December 31, 2024
Accounts receivable$43.6 $44.4 
Allowance for doubtful accounts(0.6)(0.5)
Accounts receivable, net$43.0 $43.9 
Schedule of Components of Inventories
Inventories — The components of inventories were as follows:
 March 31, 2025December 31, 2024
Raw materials$17.5 $12.5 
Work-in-process3.4 — 
Finished goods14.4 9.2 
Inventories$35.3 $21.7 
Schedule of Property, Plant and Equipment
Property, Plant, and Equipment, net — The following table details our property, plant, and equipment, net:
 March 31, 2025December 31, 2024
Land$2.4 $2.4 
Buildings and improvements12.7 12.5 
Leasehold improvements21.4 20.7 
Machinery and equipment40.3 39.6 
Computer and office equipment19.1 18.7 
Converting machines232.1 222.0 
Total property, plant, and equipment328.0 315.9 
Accumulated depreciation(187.6)(178.3)
Property, plant, and equipment, net$140.4 $137.6 
We did not capitalize any interest in the periods presented. Depreciation expense recorded in cost of sales and depreciation and amortization in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) was as follows:
 Three Months Ended March 31,
20252024
Cost of sales$6.1 $10.4 
Depreciation and amortization expense1.7 1.2 
Total depreciation expense$7.8 $11.6 
Schedule of Accrued Liabilities and Other
Accrued Liabilities and Other – The components of accrued liabilities and other were as follows:
 March 31, 2025December 31, 2024
Employee compensation$8.3 $4.7 
Taxes10.7 7.9 
Professional fees3.5 2.2 
Bonus3.4 8.0 
Interest0.1 1.2 
Warranty reserve0.8 0.9 
Amounts owed to customers0.3 1.0 
Current portion of cross currency swaps6.5 — 
Other3.9 2.6 
Accrued liabilities and other$37.5 $28.5 
Schedule of Supplemental Cash Flow Information
Supplemental Cash Flow Information — Supplemental cash flow information is as follows:
 Three Months Ended March 31,
 20252024
Supplemental cash flow information
Interest paid$10.3 $6.0 
Income taxes paid$— $0.4 
Non-cash investing activities
Capital expenditures in accounts payable$2.1 $0.6