Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders??? Equity (Unaudited)

v3.23.3
Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Millions
Total
Private Placement
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Private Placement
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2021         199,523,292 8,560,540            
Beginning balance at Dec. 31, 2021 $ 1,784.0       $ 0.0 $ 0.0 $ 1,845.5   $ (131.6) $ (20.7) $ 90.8  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 7.8           7.8          
Warrant redemptions (in shares)         100              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Net loss (19.0)               (17.7)   (1.3)  
Other comprehensive loss (15.7)                 (14.2) (1.5)  
Ending balance (in shares) at Mar. 31, 2022         199,523,392 8,560,540            
Ending balance at Mar. 31, 2022 1,757.2       $ 0.0 $ 0.0 1,853.4   (149.3) (34.9) 88.0  
Beginning balance (in shares) at Dec. 31, 2021         199,523,292 8,560,540            
Beginning balance at Dec. 31, 2021 1,784.0       $ 0.0 $ 0.0 1,845.5   (131.6) (20.7) 90.8  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss (128.7)                      
Other comprehensive loss (103.2)                      
Ending balance (in shares) at Sep. 30, 2022         200,102,086 8,040,540            
Ending balance at Sep. 30, 2022 1,575.0       $ 0.0 $ 0.0 1,875.4   (255.0) (119.0) 73.6  
Beginning balance (in shares) at Mar. 31, 2022         199,523,392 8,560,540            
Beginning balance at Mar. 31, 2022 1,757.2       $ 0.0 $ 0.0 1,853.4   (149.3) (34.9) 88.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 8.4           8.4          
Stock issued for vested restricted stock units (in shares)         21,414              
Stock compensation to directors in lieu of cash compensation (in shares)         9,840              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Conversion of shares of class B shares of common stock to class A common stock (in shares)         500,000 (500,000)            
Conversion of shares of class B common stock to class A common stock 0.0           4.9       (4.9)  
Purchase accounting adjustments to fair value of noncontrolling interests (1.9)                   (1.9)  
Net loss (59.3)               (58.6)   (0.7)  
Other comprehensive loss (45.6)                 (43.8) (1.8)  
Ending balance (in shares) at Jun. 30, 2022         200,054,646 8,060,540            
Ending balance at Jun. 30, 2022 1,658.9       $ 0.0 $ 0.0 1,866.8   (207.9) (78.7) 78.7  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 8.3           8.3          
Stock issued for vested restricted stock units (in shares)         13,488              
Stock compensation to directors in lieu of cash compensation (in shares)         13,952              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Conversion of shares of class B shares of common stock to class A common stock (in shares)         20,000 (20,000)            
Conversion of shares of class B common stock to class A common stock 0.0           0.2       (0.2)  
Net loss (50.4)               (47.1)   (3.3)  
Other comprehensive loss (41.9)                 (40.3) (1.6)  
Ending balance (in shares) at Sep. 30, 2022         200,102,086 8,040,540            
Ending balance at Sep. 30, 2022 1,575.0       $ 0.0 $ 0.0 1,875.4   (255.0) (119.0) 73.6  
Beginning balance (in shares) at Dec. 31, 2022     200,298,834 8,040,540 200,298,834 8,040,540            
Beginning balance at Dec. 31, 2022 $ 1,467.2       $ 0.0 $ 0.0 1,882.4   (408.5) (75.7) 69.0  
Treasury stock beginning balance (in shares) at Dec. 31, 2022 0                     0
Treasury stock, common beginning balance at Dec. 31, 2022 $ 0.0                     $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 5.5           5.5          
Warrant redemptions (in shares)         100              
Stock issued for vested restricted stock units (in shares)         40,764              
Stock compensation to directors in lieu of cash compensation (in shares)         12,090              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Conversion of shares of class B shares of common stock to class A common stock (in shares)         193,207 (193,207)            
Conversion of shares of class B common stock to class A common stock 0.0           1.6       (1.6)  
Issuance of shares of class A common stock, net of offering costs (in shares)         17,142,857              
Issuance of shares of class A common stock, net of offering costs   $ 149.8           $ 149.8        
Net loss (42.9)               (41.9)   (1.0)  
Other comprehensive loss 8.3                 8.0 0.3  
Ending balance (in shares) at Mar. 31, 2023         217,687,852 7,847,333            
Ending balance at Mar. 31, 2023 1,588.0       $ 0.0 $ 0.0 2,039.4   (450.4) (67.7) 66.7  
Treasury stock ending balance (in shares) at Mar. 31, 2023                       0
Treasury stock, common ending balance at Mar. 31, 2023                       $ 0.0
Beginning balance (in shares) at Dec. 31, 2022     200,298,834 8,040,540 200,298,834 8,040,540            
Beginning balance at Dec. 31, 2022 $ 1,467.2       $ 0.0 $ 0.0 1,882.4   (408.5) (75.7) 69.0  
Treasury stock beginning balance (in shares) at Dec. 31, 2022 0                     0
Treasury stock, common beginning balance at Dec. 31, 2022 $ 0.0                     $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss (84.2)                      
Other comprehensive loss $ (6.9)                      
Ending balance (in shares) at Sep. 30, 2023 18,750,000   217,960,513 7,832,333 217,960,513 7,832,333            
Ending balance at Sep. 30, 2023 $ 1,543.3       $ 0.0 $ 0.0 2,052.0   (490.2) (82.4) 64.6  
Treasury stock ending balance (in shares) at Sep. 30, 2023 87,647                     87,647
Treasury stock, common ending balance at Sep. 30, 2023 $ 0.7                     $ (0.7)
Beginning balance (in shares) at Mar. 31, 2023         217,687,852 7,847,333            
Beginning balance at Mar. 31, 2023 1,588.0       $ 0.0 $ 0.0 2,039.4   (450.4) (67.7) 66.7  
Treasury stock beginning balance (in shares) at Mar. 31, 2023                       0
Treasury stock, common beginning balance at Mar. 31, 2023                       $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 6.1           6.1          
Stock issued for vested restricted stock units (in shares)         323,350              
Stock repurchased to satisfy tax withholding for vesting restricted stock units (in shares)         (87,647)             (87,647)
Stock repurchased to satisfy tax withholding for vesting restricted stock units (0.7)                     $ (0.7)
Stock compensation to directors in lieu of cash compensation (in shares)         9,782              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Net loss (28.4)               (27.7)   (0.7)  
Other comprehensive loss (0.6)                 (0.6)    
Ending balance (in shares) at Jun. 30, 2023         217,933,337 7,847,333            
Ending balance at Jun. 30, 2023 1,564.5       $ 0.0 $ 0.0 2,045.6   (478.1) (68.3) 66.0  
Treasury stock ending balance (in shares) at Jun. 30, 2023                       87,647
Treasury stock, common ending balance at Jun. 30, 2023                       $ (0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock-based compensation expense 6.2           6.2          
Stock issued for vested restricted stock units (in shares)         2,204              
Stock compensation to directors in lieu of cash compensation (in shares)         9,972              
Stock compensation to directors in lieu of cash compensation 0.1           0.1          
Conversion of shares of class B shares of common stock to class A common stock (in shares)         15,000 (15,000)            
Conversion of shares of class B common stock to class A common stock 0.0           0.1       (0.1)  
Net loss (12.9)               (12.1)   (0.8)  
Other comprehensive loss $ (14.6)                 (14.1) (0.5)  
Ending balance (in shares) at Sep. 30, 2023 18,750,000   217,960,513 7,832,333 217,960,513 7,832,333            
Ending balance at Sep. 30, 2023 $ 1,543.3       $ 0.0 $ 0.0 $ 2,052.0   $ (490.2) $ (82.4) $ 64.6  
Treasury stock ending balance (in shares) at Sep. 30, 2023 87,647                     87,647
Treasury stock, common ending balance at Sep. 30, 2023 $ 0.7                     $ (0.7)