v3.26.1
Fair Value Information
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Information Fair Value Information
All financial instruments are carried at amounts that approximate estimated fair value. The fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. Assets measured at fair value are categorized based upon the lowest level of significant input to the valuations.

Level 1 – quoted prices in active markets for identical assets and liabilities.

Level 2 – quoted prices for identical assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3 – unobservable inputs in which there is little or no market data available, which require the reporting entity to develop its own assumptions.

The carrying amounts of cash and cash equivalents, accounts receivable-trade and accounts payable represent their respective fair values due to their short-term nature. There was $56.0 and $36.0 debt outstanding under the 2028 ABL Facility as of June 30, 2026 and December 31, 2025, respectively. The fair value of the 2028 ABL Facility approximates its carrying value as of June 30, 2026.

The following tables present the placement in the fair value hierarchy of the 2030 Senior Notes, based on market prices for publicly traded debt, as of June 30, 2026 and December 31, 2025:

Fair value measurements at reporting date
June 30, 2026Level 1Level 2Level 3
2030 Senior Notes$237.7 $— $— $237.7 
Total Senior Notes$237.7 $— $— $237.7 
Fair value measurements at reporting date
December 31, 2025Level 1Level 2Level 3
2030 Senior Notes$246.0 $— $— $246.0 
Total Senior Notes$246.0 $— $— $246.0 

The following tables present the placement in the fair value hierarchy of Assets Held for Sale, as disclosed in Note 4 - Property and Equipment, Net, based on sales contracts and comparative price quotes, as of June 30, 2026 and December 31, 2025:

Fair value measurements at reporting date using
June 30, 2026Level 1Level 2Level 3
Assets Held for Sale$2.2 $— $2.2 $— 
Total Assets Held for Sale$2.2 $— $2.2 $— 

Fair value measurements at reporting date using
December 31, 2025Level 1Level 2Level 3
Assets Held for Sale$— $— $— $— 
Total Assets Held for Sale$— $— $— $— 

During the three and six months ended June 30, 2026, there was no before-tax loss (gain) related to Assets Held for Sale. During the three and six months ended June 30, 2025, the before-tax loss related to Assets Held for Sale was $0.4 and $0.4.