v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
shares in Millions, $ in Millions
Total
Share capital
Treasury stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (Accumulated deficit)
Beginning balance (in shares) at Dec. 31, 2024   375.3        
Beginning balance at Dec. 31, 2024 $ (131.1) $ 4.1 $ (603.5) $ 1,362.7 $ (0.2) $ (894.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 30.6         30.6
Cash dividend declared (37.6)         (37.6)
Repurchase of common stock (in shares)   (0.8)        
Repurchase of common stock (4.8) $ (0.1) [1]   (4.8)    
Stock-based compensation 25.8     25.8    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.2        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.6)     (0.6)    
Other comprehensive (loss) income 0.5       0.5  
Ending balance (in shares) at Mar. 31, 2025   375.7        
Ending balance at Mar. 31, 2025 (117.2) $ 4.1 (603.5) 1,383.1 0.3 (901.2)
Beginning balance (in shares) at Dec. 31, 2024   375.3        
Beginning balance at Dec. 31, 2024 (131.1) $ 4.1 (603.5) 1,362.7 (0.2) (894.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 63.8          
Other comprehensive (loss) income 23.8          
Ending balance (in shares) at Jun. 30, 2025   376.3        
Ending balance at Jun. 30, 2025 (87.8) $ 4.1 (603.5) 1,393.6 23.6 (905.6)
Beginning balance (in shares) at Mar. 31, 2025   375.7        
Beginning balance at Mar. 31, 2025 (117.2) $ 4.1 (603.5) 1,383.1 0.3 (901.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 33.2         33.2
Cash dividend declared (37.6)         (37.6)
Repurchase of common stock (in shares)   (1.2)        
Repurchase of common stock (6.1) $ (0.1) [1]   (6.1)    
Stock-based compensation 17.7     17.7    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.8        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (1.1)     (1.1)    
Other comprehensive (loss) income 23.3       23.3  
Ending balance (in shares) at Jun. 30, 2025   376.3        
Ending balance at Jun. 30, 2025 $ (87.8) $ 4.1 (603.5) 1,393.6 23.6 (905.6)
Beginning balance (in shares) at Dec. 31, 2025 377.0 377.0        
Beginning balance at Dec. 31, 2025 $ (411.4) $ 4.3 (603.5) 1,423.1 15.9 (1,251.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (57.5)         (57.5)
Stock-based compensation 14.2     14.2    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   3.4        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (1.1)     (1.1)    
Other comprehensive (loss) income (7.3)       (7.3)  
Ending balance (in shares) at Mar. 31, 2026   380.4        
Ending balance at Mar. 31, 2026 $ (463.1) $ 4.3 (603.5) 1,436.2 8.6 (1,308.7)
Beginning balance (in shares) at Dec. 31, 2025 377.0 377.0        
Beginning balance at Dec. 31, 2025 $ (411.4) $ 4.3 (603.5) 1,423.1 15.9 (1,251.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (9.5)          
Other comprehensive (loss) income $ (4.7)          
Ending balance (in shares) at Jun. 30, 2026 381.4 381.4        
Ending balance at Jun. 30, 2026 $ (399.9) $ 4.3 (603.5) 1,448.8 11.2 (1,260.7)
Beginning balance (in shares) at Mar. 31, 2026   380.4        
Beginning balance at Mar. 31, 2026 (463.1) $ 4.3 (603.5) 1,436.2 8.6 (1,308.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 48.0         48.0
Stock-based compensation 12.7     12.7    
Issuance of shares upon vesting of RSUs and PSUs (in shares)   1.0        
Issuance of shares upon vesting of RSUs and PSUs 0.0 $ 0.1 [1]   (0.1) [1]    
Income tax withholding related to vesting of RSUs and other (0.1)     (0.1)    
Other comprehensive (loss) income $ 2.6       2.6  
Ending balance (in shares) at Jun. 30, 2026 381.4 381.4        
Ending balance at Jun. 30, 2026 $ (399.9) $ 4.3 $ (603.5) $ 1,448.8 $ 11.2 $ (1,260.7)
[1] Represents an amount less than 0.1 or $0.1