XML 111 R98.htm IDEA: XBRL DOCUMENT
v3.22.4

Debt Obligations - Schedule of Debt (Details) - USD ($) $ in Millions |  | 12 Months Ended |
--- | --- | --- | ---
Jan. 15, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Feb. 01, 2021
Debt Instrument [Line Items] |  |  |  |
Obligations under finance leases |  | $ 2.1 | $ 0.1 |
Total aggregate finance lease and debt payments |  | 725.3 | 630.8 |
Unamortized issuance discount, issuance premium, and deferred financing costs |  | (10.9) | (4.5) |
Less: current portion of debt obligations |  | (30.6) | (69.5) |
Debt obligations |  | 683.8 | 556.8 |
8.50% Senior Secured Notes, due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  |  | 100.00%
7.50% Convertible Senior Notes, due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  |  | 100.00%
7.50% Convertible Senior Notes, due 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  |  | 100.00%
LIBOR plus 5.75% Line of Credit, due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Outstanding debt |  | 20.0 |  |
Infrastructure |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Obligations under finance leases |  | 2.1 | 0.1 |
Total aggregate finance lease and debt payments |  | 243.0 | 188.6 |
Infrastructure | 3.25% Note due 2026 | Real Estate Term Advance |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Outstanding debt |  | $ 99.5 | 107.2 |
Infrastructure | 3.25% Note due 2026 | Real Estate Term Advance | DBM Global Credit Facilities | Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 3.25% |  |
Infrastructure | Line of Credit due 2024 (PRIME minus 0.85% and PRIME minus 1.10% as of December 31, 2022, and 2021, respectively) | Real Estate Term Advance |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Outstanding debt |  | $ 107.7 | 30.4 |
Infrastructure | 4.00% Note due 2024 | Real Estate Term Advance |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 4.00% |  |
Outstanding debt |  | $ 15.0 | 25.0 |
Infrastructure | 8.00% Note due 2024 | Real Estate Term Advance |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 8.00% |  |
Outstanding debt |  | $ 18.7 | 19.6 |
Infrastructure | 11.00% Note due 2024 | Real Estate Term Advance |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 11.00% |  |
Outstanding debt |  | $ 0.0 | $ 6.3 |
Infrastructure | Prime Rate | Line of Credit due 2024 (PRIME minus 0.85% and PRIME minus 1.10% as of December 31, 2022, and 2021, respectively) | Real Estate Term Advance | DBM Global Credit Facilities | Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 0.85% | 1.10% |
Spectrum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total aggregate finance lease and debt payments |  | $ 69.7 | $ 52.2 |
Spectrum | 8.50% Note due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 8.50% |  |
Outstanding debt |  | $ 19.3 | 0.0 |
Spectrum | 11.45% Note due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 11.45% |  |
Outstanding debt |  | $ 50.4 | $ 0.0 |
Spectrum | 8.50% Note due 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  | 8.50% |
Outstanding debt |  | 0.0 | $ 19.3 |
Spectrum | 10.50% Note due 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  | 10.50% |
Outstanding debt |  | 0.0 | $ 32.9 |
Life Sciences |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total aggregate finance lease and debt payments |  | $ 10.8 | 0.0 |
Life Sciences | 18.00% Note due 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 18.00% |  |
18.00% Note due 2023 |  | $ 10.8 | 0.0 |
Non-Operating Corporate |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total aggregate finance lease and debt payments |  | $ 401.8 | 390.0 |
Non-Operating Corporate | 8.50% Senior Secured Notes, due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 8.50% |  | 8.50%
Outstanding debt |  | $ 330.0 | 330.0 |
Non-Operating Corporate | 7.50% Convertible Senior Notes, due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  | 7.50% |  | 7.50%
Outstanding debt |  | $ 51.8 | $ 51.8 |
Non-Operating Corporate | 7.50% Convertible Senior Notes, due 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate |  |  | 7.50% | 7.50%
Outstanding debt |  | 0.0 | $ 3.2 |
Non-Operating Corporate | LIBOR plus 5.75% Line of Credit, due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 6.75% |  |  |
Outstanding debt |  | $ 20.0 | $ 5.0 |
Non-Operating Corporate | LIBOR | LIBOR plus 5.75% Line of Credit, due 2024 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 5.75% |  |

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unamortized debt discount (premium) and debt issuance costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Present value of lessee's discounted obligation for lease payments from finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977 + Details
Name: | us-gaap_FinanceLeaseLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, classified as noncurrent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, including portion classified as current. + References No definition available. + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue2026850Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_ConvertibleSeniorNotesDue2026750Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_ConvertibleSeniorNotesDue20227.5Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_LIBORPlusLineOfCredit575Due2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vate_InfrastructureSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue2026325Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=vate_RealEstateTermAdvanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=vate_DBMGlobalCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_LineOfCreditPRIMEMinusDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_TrancheASeniorNotesDue2024400Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_TrancheBSeniorNotesDue2024800Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNoteDue20241100Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_PrimeRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vate_SpectrumSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue2024850Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue20241145Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue2022850Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue20221050Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vate_LifeSciencesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vate_SeniorNotesDue20231800Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vate_NonOperatingCorporateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |