v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 7.2 $ 15.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 2.9 2.6
Allowance for credit losses 0.3 0.3
Depreciation and amortization 8.1 6.4
Non-cash operating lease expense 0.9 0.6
Amortization of deferred financing fees and debt discount 0.3 0.7
Deferred income taxes 0.1 (0.9)
Remeasurement of contingent consideration 17.9 3.1
Changes in operating assets and liabilities, net of effect of businesses acquired:    
Trade and other receivables (31.7) (34.7)
Prepaid expenses and other assets 9.3 11.7
Accounts payable and other liabilities 7.3 16.5
Contingent consideration 0.0 (0.2)
Income tax payable 1.4 7.0
Deferred revenues 5.9 (14.9)
Operating lease liabilities (1.2) (0.9)
Net cash provided by operating activities 28.7 12.6
Investing activities    
Acquisition of businesses, net of cash acquired 0.0 (19.6)
Purchases of property and equipment (0.2) (0.2)
Purchases of intangible assets (1.6) (1.6)
Net cash used in investing activities (1.8) (21.4)
Financing activities    
Payment of contingent consideration for acquisition of businesses 0.0 (0.4)
Release of holdback related to prior business acquisition (0.3) 0.0
Repayment of principal on Previous Extended Term Loan Facility 0.0 (169.5)
Original issuance discount 0.0 (1.3)
Fees paid for debt issuance 0.0 (1.7)
Repurchase of common stock 0.0 (8.8)
Cash settlement of share-based awards (4.2) 0.0
Dividends on common stock 0.0 (3.0)
Proceeds from issuance of common stock under equity plans 0.0 0.1
Net cash (used in) provided by financing activities (5.8) 90.8
Effect of foreign exchange rates on cash and cash equivalents (0.9) 0.0
Net increase in cash and cash equivalents 20.2 82.0
Cash and cash equivalents    
Beginning of period 100.9 194.8
End of period 121.1 276.8
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid capital expenditures 0.3 0.3
Second Amended and Restated Term Loan Facility 0.0 239.6
Previous Extended Term Loan Facility 0.0 (239.6)
Second Amended and Restated Term Loan Facility [Member]    
Financing activities    
Proceeds from Second Amended and Restated Term Loan Facility 0.0 275.4
Repayment of principal on Second Amended and Restated Term Loan Facility $ (1.3) $ 0.0