| Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is a separate line within the Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity that presents our other comprehensive income (loss) that has not been reported as part of net loss. The components of accumulated other comprehensive loss at June 30, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Gross Balance | | Tax Effect | | Net Balance | | Foreign currency translation | | | | | | | Translation of foreign subsidiaries | $ | 2.7 | | | $ | — | | | $ | 2.7 | | | Realized gain on cross-currency swaps designated as net investment hedges | 10.0 | | | (2.4) | | | 7.6 | | | Unrealized loss on cross-currency swaps designated as net investment hedges | (20.7) | | | 5.0 | | | (15.7) | | | Total foreign currency translation | (8.0) | | | 2.6 | | | (5.4) | | | Unrealized loss on cross-currency swap designated as fair value hedge | (0.1) | | | — | | | (0.1) | | | Total | $ | (8.1) | | | $ | 2.6 | | | $ | (5.5) | |
| | | | | | | | | | | | | | | | | | | December 31, 2025 | | Gross Balance | | Tax Effect | | Net Balance | | Foreign currency translation | | | | | | | Translation of foreign subsidiaries | $ | 7.5 | | | $ | — | | | $ | 7.5 | | | Realized gain on cross-currency swaps designated as net investment hedges | 10.0 | | | (2.4) | | | 7.6 | | | Unrealized loss on cross-currency swaps designated as net investment hedges | (24.9) | | | 6.1 | | | (18.8) | | | Total foreign currency translation | (7.4) | | | 3.7 | | | (3.7) | | | Unrealized loss on cross-currency swap designated as fair value hedge | (0.1) | | | — | | | (0.1) | | | Total | $ | (7.5) | | | $ | 3.7 | | | $ | (3.8) | |
The following tables present the changes in accumulated other comprehensive loss by component for the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Foreign currency translation | | Fair value hedge adjustments | | Total | | Beginning balance | $ | (3.7) | | | $ | (0.1) | | | $ | (3.8) | | | Other comprehensive loss before reclassifications | (0.3) | | | — | | | (0.3) | | | Amounts reclassified from accumulated other comprehensive loss | (0.3) | | | — | | | (0.3) | | | Tax effects | (1.1) | | | — | | | (1.1) | | | Ending balance | $ | (5.4) | | | $ | (0.1) | | | $ | (5.5) | |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Foreign currency translation | | Unrealized loss on interest rate swaps | | Total | | Beginning balance | $ | (6.2) | | | $ | — | | | $ | (6.2) | | | Other comprehensive loss before reclassifications | (7.2) | | | (1.2) | | | (8.4) | | | | | | | | | Tax effects | 6.6 | | | 0.4 | | | 7.0 | | | Ending balance | $ | (6.8) | | | $ | (0.8) | | | $ | (7.6) | |
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