v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock:
Additional paid-in capital:
Retained earnings:
Accumulated other comprehensive loss:
Treasury stock:
Noncontrolling interests:
Balance at beginning of period at Dec. 31, 2024 $ 489.0 $ 0.3 $ 317.2 $ 490.3 $ (120.6) $ (198.5) $ 0.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee stock plans     8.3        
Issuance of common stock     0.6        
Net (loss) income 2.5     2.5      
Common Stock dividends ($0.09, $0.08, $0.18 and $0.16 per share)       (3.5)      
Return of capital to noncontrolling interests       (0.0)      
Currency translation adjustment 29.8       29.8   0.0
Cash flow hedges, net of tax 4.4       4.4 [1]    
Pension adjustments, net of tax [2]         25.2    
Purchases           (29.2)  
Balance at end of period at Jun. 30, 2025 527.1 $ 0.3 326.1 489.3 (61.2) $ (227.7) 0.3
Balance at beginning of period (in shares) at Dec. 31, 2024   25,761,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issued for employee stock plans (in shares)   397,000          
Balance at end of period (in shares) at Jun. 30, 2025   26,158,000          
Treasury Stock, balance at beginning of period (in shares) at Dec. 31, 2024           (5,480,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares repurchased (in shares)           (966,000)  
Treasury Stock, balance at end of period (in shares) at Jun. 30, 2025           (6,446,000)  
Balance at beginning of period at Mar. 31, 2025 498.3 $ 0.3 324.1 474.5 (83.3) $ (217.6) 0.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee stock plans     1.7        
Issuance of common stock     0.3        
Net (loss) income 16.4     16.4      
Common Stock dividends ($0.09, $0.08, $0.18 and $0.16 per share)       (1.6)      
Return of capital to noncontrolling interests       (0.0)      
Currency translation adjustment 20.6       20.6   0.0
Cash flow hedges, net of tax 1.4       1.4 [1]    
Pension adjustments, net of tax [2]         0.1    
Purchases           (10.1)  
Balance at end of period at Jun. 30, 2025 $ 527.1 $ 0.3 326.1 489.3 (61.2) $ (227.7) 0.3
Balance at beginning of period (in shares) at Mar. 31, 2025   26,120,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issued for employee stock plans (in shares)   38,000          
Balance at end of period (in shares) at Jun. 30, 2025   26,158,000          
Treasury Stock, balance at beginning of period (in shares) at Mar. 31, 2025           (6,116,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares repurchased (in shares)           (330,000)  
Treasury Stock, balance at end of period (in shares) at Jun. 30, 2025           (6,446,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common Stock Outstanding (in shares) 19,712,000            
Balance at beginning of period at Dec. 31, 2025 $ 574.3 $ 0.3 332.4 539.4 (61.4) $ (236.7) 0.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee stock plans     6.8        
Issuance of common stock     0.5        
Net (loss) income (140.4)     (140.4)      
Common Stock dividends ($0.09, $0.08, $0.18 and $0.16 per share)       (3.7)      
Return of capital to noncontrolling interests       (0.3)      
Currency translation adjustment (6.5)       (6.2)   (0.3)
Cash flow hedges, net of tax 0.1       0.1 [1]    
Pension adjustments, net of tax [2]         0.5    
Purchases           (44.3)  
Balance at end of period at Jun. 30, 2026 $ 387.0 $ 0.3 339.7 395.0 (67.0) $ (281.0) 0.0
Balance at beginning of period (in shares) at Dec. 31, 2025   26,213,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issued for employee stock plans (in shares)   611,000          
Balance at end of period (in shares) at Jun. 30, 2026   26,824,000          
Treasury Stock, balance at beginning of period (in shares) at Dec. 31, 2025 (6,757,247)         (6,757,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares repurchased (in shares)           (1,164,000)  
Treasury Stock, balance at end of period (in shares) at Jun. 30, 2026 (7,920,741)         (7,921,000)  
Balance at beginning of period at Mar. 31, 2026 $ 549.5 $ 0.3 336.4 544.3 (65.8) $ (265.7) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Employee stock plans     2.9        
Issuance of common stock     0.4        
Net (loss) income (147.5)     (147.5)      
Common Stock dividends ($0.09, $0.08, $0.18 and $0.16 per share)       (1.8)      
Return of capital to noncontrolling interests       (0.0)      
Currency translation adjustment (0.7)       (0.7)   0.0
Cash flow hedges, net of tax (0.7)       (0.7) [1]    
Pension adjustments, net of tax [2]         0.2    
Purchases           (15.3)  
Balance at end of period at Jun. 30, 2026 $ 387.0 $ 0.3 $ 339.7 $ 395.0 $ (67.0) $ (281.0) $ 0.0
Balance at beginning of period (in shares) at Mar. 31, 2026   26,790,000          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issued for employee stock plans (in shares)   34,000          
Balance at end of period (in shares) at Jun. 30, 2026   26,824,000          
Treasury Stock, balance at beginning of period (in shares) at Mar. 31, 2026           (7,560,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Shares repurchased (in shares)           (361,000)  
Treasury Stock, balance at end of period (in shares) at Jun. 30, 2026 (7,920,741)         (7,921,000)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Common Stock Outstanding (in shares) 18,903,000            
[1] Amounts reclassified from accumulated other comprehensive income to net income related to derivative financial instruments, net of tax, were $0.5 million and $0.9 million during the three months ended June 30, 2026 and 2025, respectively, and $0.9 million and $1.5 million during the six months ended June 30, 2026 and 2025, respectively.
[2] Amounts reclassified from accumulated other comprehensive income to net income consist of amounts shown for pension adjustments. This component of accumulated other comprehensive income is included in the computation of net periodic pension cost as disclosed in Note 10 – Pensions and Post-Retirement Benefit Plans.