XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury stock, shares       5.6    
Beginning balance, shares at Dec. 31, 2023   56.6        
Beginning balance, Quad's shareholders equity at Dec. 31, 2023 $ 119.5 $ 1.4 $ 842.7 $ (33.1) $ (573.9) $ (117.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) (28.1)       (28.1)  
Foreign currency translation adjustments (0.4)         (0.4)
Interest rate derivatives adjustments, net of tax 0.9         0.9
Pension benefit plan liability adjustments, net of tax 0.2         0.2
Cash dividends declared ($0.05 per common share) (2.6)       (2.6)  
Stock-based compensation 1.8   1.8      
Conversion of class B shares, shares   0.3   (0.3)    
Conversion of class B shares 0.0   (1.3) $ 1.3    
Issuance of share-based awards, net of other activity, shares       1.3    
Issuance of share-based awards, net of other activity 0.0   (5.2) $ 5.2    
Equity awards redeemed to pay employees’ tax obligations, shares       (0.3)    
Equity awards redeemed to pay employees’ tax obligations (2.1)     $ (2.1)    
Ending balance, shares at Mar. 31, 2024   56.3        
Ending balance, Quad's shareholders' equity at Mar. 31, 2024 $ 89.2 $ 1.4 838.0 (28.7) (604.6) (116.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.05          
Beginning balance, shares at Dec. 31, 2023   56.6        
Beginning balance, Quad's shareholders equity at Dec. 31, 2023 $ 119.5 $ 1.4 842.7 (33.1) (573.9) (117.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) (55.6)          
Ending balance, shares at Sep. 30, 2024   56.3        
Ending balance, Quad's shareholders' equity at Sep. 30, 2024 50.9 $ 1.4 841.3 $ (27.9) (637.2) (126.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury stock, shares       4.3    
Beginning balance, shares at Mar. 31, 2024   56.3        
Beginning balance, Quad's shareholders equity at Mar. 31, 2024 89.2 $ 1.4 838.0 $ (28.7) (604.6) (116.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) (2.8)       (2.8)  
Foreign currency translation adjustments (7.1)         (7.1)
Interest rate derivatives adjustments, net of tax (0.4)         (0.4)
Pension benefit plan liability adjustments, net of tax (0.2)         (0.2)
Cash dividends declared ($0.05 per common share) (2.6)       (2.6)  
Stock-based compensation 2.6   2.6      
Issuance of share-based awards, net of other activity, shares       (0.2)    
Issuance of share-based awards, net of other activity 0.0   (1.0) $ 1.0    
Ending balance, shares at Jun. 30, 2024   56.3        
Ending balance, Quad's shareholders' equity at Jun. 30, 2024 $ 79.1 $ 1.4 839.6 $ (27.7) (610.0) (124.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.05          
Treasury stock, shares       4.1    
Net earnings (loss) $ (24.7)       (24.7)  
Foreign currency translation adjustments (1.4)         (1.4)
Interest rate derivatives adjustments, net of tax (1.3)         (1.3)
Pension benefit plan liability adjustments, net of tax (0.2)         (0.2)
Cash dividends declared ($0.05 per common share) (2.5)       (2.5)  
Stock-based compensation 1.5   1.5      
Issuance of share-based awards, net of other activity 0.0   0.2 $ (0.2)    
Ending balance, shares at Sep. 30, 2024   56.3        
Ending balance, Quad's shareholders' equity at Sep. 30, 2024 $ 50.9 $ 1.4 841.3 $ (27.9) (637.2) (126.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.05          
Treasury stock, shares       4.1    
Treasury stock, shares       4.2    
Beginning balance, shares at Dec. 31, 2024   56.3        
Beginning balance, Quad's shareholders equity at Dec. 31, 2024 $ 49.9 $ 1.4 842.8 $ (28.0) (635.1) (131.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) 5.8       5.8  
Foreign currency translation adjustments 40.9         40.9
Interest rate derivatives adjustments, net of tax (0.3)         (0.3)
Pension benefit plan liability adjustments, net of tax 0.2         0.2
Cash dividends declared ($0.05 per common share) (3.8)       (3.8)  
Stock-based compensation 1.6   1.6      
Purchases of treasury stock (in shares)       (0.6)    
Purchases of treasury stock (3.3)     $ (3.3)    
Issuance of share-based awards, net of other activity, shares       0.8    
Issuance of share-based awards, net of other activity 0.0   (3.5) $ 3.5    
Equity awards redeemed to pay employees’ tax obligations, shares       (0.5)    
Equity awards redeemed to pay employees’ tax obligations (3.6)     $ (3.6)    
Ending balance, shares at Mar. 31, 2025   56.3        
Ending balance, Quad's shareholders' equity at Mar. 31, 2025 $ 87.4 $ 1.4 840.9 (31.4) (633.1) (90.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.075          
Beginning balance, shares at Dec. 31, 2024   56.3        
Beginning balance, Quad's shareholders equity at Dec. 31, 2024 $ 49.9 $ 1.4 842.8 (28.0) (635.1) (131.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) 15.9          
Ending balance, shares at Sep. 30, 2025   56.3        
Ending balance, Quad's shareholders' equity at Sep. 30, 2025 96.7 $ 1.4 844.8 $ (36.1) (630.5) (82.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Treasury stock, shares       4.5    
Beginning balance, shares at Mar. 31, 2025   56.3        
Beginning balance, Quad's shareholders equity at Mar. 31, 2025 87.4 $ 1.4 840.9 $ (31.4) (633.1) (90.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings (loss) (0.1)       (0.1)  
Foreign currency translation adjustments 5.9         5.9
Interest rate derivatives adjustments, net of tax (0.8)         (0.8)
Pension benefit plan liability adjustments, net of tax 0.3         0.3
Cash dividends declared ($0.05 per common share) (3.8)       (3.8)  
Stock-based compensation 2.2   2.2      
Purchases of treasury stock (in shares)       (0.8)    
Purchases of treasury stock (4.3)     $ (4.3)    
Issuance of share-based awards, net of other activity, shares       0.0    
Issuance of share-based awards, net of other activity 0.2   0.0 $ 0.2    
Ending balance, shares at Jun. 30, 2025   56.3        
Ending balance, Quad's shareholders' equity at Jun. 30, 2025 $ 87.0 $ 1.4 843.1 $ (35.5) (637.0) (85.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.075          
Treasury stock, shares       5.3    
Net earnings (loss) $ 10.2       10.2  
Foreign currency translation adjustments 1.2         1.2
Interest rate derivatives adjustments, net of tax 0.6         0.6
Pension benefit plan liability adjustments, net of tax (0.3)         (0.3)
Cash dividends declared ($0.05 per common share) (3.7)       (3.7)  
Stock-based compensation 1.3   1.3      
Purchases of treasury stock (in shares)       0.0    
Purchases of treasury stock (0.2)     $ (0.2)    
Issuance of share-based awards, net of other activity, shares       (0.1)    
Issuance of share-based awards, net of other activity 0.0   0.4 $ (0.4)    
Ending balance, shares at Sep. 30, 2025   56.3        
Ending balance, Quad's shareholders' equity at Sep. 30, 2025 $ 96.7 $ 1.4 $ 844.8 $ (36.1) $ (630.5) $ (82.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Cash dividend declared (USD per share) $ 0.075          
Treasury stock, shares       5.4