v3.26.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Dividends
On February 27, 2026, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.15 per common share. The dividend totaled $9.2 million and was distributed on March 26, 2026 to stockholders of record at the close of business on March 13, 2026.
On April 21, 2026, the Board declared a quarterly cash dividend of $0.15 per common share payable on May 29, 2026 to stockholders of record at the close of business on May 15, 2026.
The Company paid dividends to stockholders of $8.6 million during the three months ended March 31, 2025.
Stock Repurchase Program
In March 2020, the Board authorized a stock repurchase program (the “March 2020 program”) of up to $75 million of the Company’s common stock.
In April 2025, the Board authorized an additional stock repurchase program (the “April 2025 program”) of up to $150 million of the Company’s common stock. The April 2025 program supplements the Board’s prior authorization under the March 2020 program, which remains in effect.
The stock repurchase programs are intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns, and manage the Company’s capital structure. Under its stock repurchase programs, the Company is authorized to repurchase, from time to time, shares of its outstanding common stock. Stock repurchases by the Company are subject to market conditions and other factors and may be commenced, suspended, or discontinued at any time.
No shares were repurchased under the Company’s stock repurchase programs during the three months ended March 31, 2026. At the end of the first quarter of 2026, the Company had remaining authorization under its stock repurchase programs of approximately $157 million.
During the three months ended March 31, 2025, the Company repurchased 250,604 shares for a total of $19.7 million under its stock repurchase programs, including $1.2 million that settled in the second quarter of 2025.
Accumulated Other Comprehensive Loss
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax in the three months ended March 31, 2026 and 2025:
(in millions)Actuarial LossesPrior Service CostsForeign
Currency Translation		Interest Rate SwapsTotal
Balance at January 1, 2026 (a)
$(61.4)$(1.8)$(7.8)$— $(71.0)
Other comprehensive loss before reclassifications— — (4.0)— (4.0)
Amounts reclassified from accumulated other comprehensive loss0.6 — — — 0.6 
Net current-period other comprehensive income (loss)0.6 — (4.0)— (3.4)
Balance at March 31, 2026 (a)
$(60.8)$(1.8)$(11.8)$— $(74.4)
(in millions)Actuarial LossesPrior Service CostsForeign
Currency Translation		Interest Rate SwapsTotal
Balance at January 1, 2025 (a)
$(62.5)$(1.8)$(24.5)$(0.2)$(89.0)
Other comprehensive (loss) income before reclassifications(0.3)— 4.0 0.1 3.8 
Amounts reclassified from accumulated other comprehensive loss0.5 — — — 0.5 
Net current-period other comprehensive income0.2 — 4.0 0.1 4.3 
Balance at March 31, 2025 (a)
$(62.3)$(1.8)$(20.5)$(0.1)$(84.7)
(a)    Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the three months ended March 31, 2026 and 2025 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item in Condensed Consolidated Statements of Operations
20262025
(in millions) (a)
Amortization of actuarial losses of defined benefit pension plans$(0.8)$(0.7)Other expense, net
Total before tax(0.8)(0.7)
Income tax benefit0.2 0.2 Income tax expense
Total reclassifications for the period, net of tax$(0.6)$(0.5)
(a)    Amounts in parentheses indicate losses.