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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the impact of all stock-based compensation expense on our Consolidated Statements of Income (Loss) for the years ended December 31, 2025, 2024 and 2023:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Selling, general and administrative expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

Income (loss) before income tax

 

 

(11.5

)

 

 

(11.9

)

 

 

(14.8

)

Income tax expense

 

 

(2.6

)

 

 

(2.9

)

 

 

(3.4

)

Net loss

 

$

(8.9

)

 

$

(9.0

)

 

$

(11.4

)

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

Stock-based compensation expense by award type for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Stock option compensation expense

 

$

0.1

 

 

$

0.5

 

 

$

2.7

 

RSU compensation expense

 

 

8.3

 

 

 

7.5

 

 

 

6.4

 

PSU compensation expense

 

 

3.1

 

 

 

3.9

 

 

 

5.7

 

Total stock-based compensation expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

 

Summary of Changes in Stock Options Outstanding

A summary of the changes in stock options outstanding under the Plan during the year ended December 31, 2025 is presented below:

 

 

 

Number
Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term

 

Aggregate
Intrinsic
Value

Outstanding at December 31, 2024

 

 

5,711,296

 

 

$

8.94

 

 

 

 

 

Forfeited/Expired

 

 

(683,108

)

 

$

12.34

 

 

 

 

 

Outstanding at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero

Exercisable shares at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero

Summary of Changes in RSUs Outstanding

A summary of the changes in the RSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

4,241,889

 

 

$

6.06

 

Granted

 

 

1,561,115

 

 

$

4.62

 

Vested and distributed

 

 

(456,340

)

 

$

8.31

 

Forfeited and cancelled

 

 

(50,604

)

 

$

5.19

 

Outstanding at December 31, 2025

 

 

5,296,060

 

 

$

5.45

 

Vested and deferred at December 31, 2025(1)

 

 

955,543

 

 

$

7.28

 

 

(1)
Included in outstanding at December 31, 2025. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors.
Summary of Changes in PSUs Outstanding

A summary of the changes in the PSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

3,546,242

 

 

$

5.81

 

Granted

 

 

1,746,912

 

 

$

4.68

 

Vested and distributed

 

 

(103,609

)

 

$

8.87

 

Forfeited and cancelled

 

 

(193,234

)

 

$

7.57

 

Other - decrease due to performance of PSUs

 

 

(577,991

)

 

$

4.68

 

Outstanding at December 31, 2025

 

 

4,418,320

 

 

$

5.10