v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities        
Net income (loss) $ 24.6 $ 1.1 $ 29.6 $ (5.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Non-cash compensation expense related to stock options 0.0 0.1 0.1 0.1
Depreciation and amortization 7.3 7.3 14.6 14.6
Amortization of deferred finance charges 0.6 0.6 1.3 1.3
Change in assets and liabilities (net of amounts acquired in the business combination):        
Accounts receivable 0.9 0.3 0.7 0.8
Accounts payable 0.0 0.0 0.3 1.2
Accrued expenses 0.3 (1.5) 0.1 (1.8)
Prepaid expenses and other current assets (0.8) (0.6) (1.4) (1.8)
Unearned income and other current liabilities 1.3 1.0 (1.3) (0.5)
Net cash provided by operating activities 34.2 8.3 44.0 8.6
Cash Flows from Investing Activities        
Acquisition of subsidiary, net of cash acquired 0.0 0.0 0.0 0.0
Net cash used in investing activities 0.0 0.0 0.0 0.0
Cash Flows from Financing Activities        
Proceeds from issuance of common shares, net of paid issuance costs 2.6 0.0 3.3 14.8
Proceeds from short-term debt from related party 0.0 0.0 0.0 6.0
Repayment of short-term debt from related party 0.0 0.0 0.0 (6.0)
Repayment of long-term debt (6.3) (7.4) (13.0) (14.0)
Payment of cash distributions (20.2) (3.2) (31.9) (4.1)
Net cash used in financing activities (23.9) (10.6) (41.6) (3.3)
Net increase (decrease) in cash and cash equivalents 10.3 (2.3) 2.4 5.3
Cash and cash equivalents at the beginning of the period 24.5 27.0 32.4 19.4
Cash and cash equivalents at the end of the period 34.8 24.7 34.8 24.7
Supplementary disclosure of cash flow information        
Interest paid $ (11.7) $ (13.7) $ (23.6) $ (26.2)