| Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2025, 2024 and 2023 were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustment | | Valuation and amortization of derivative securities | | Total | | Balance, as of December 31, 2022 | | $ | 1.7 | | | $ | (12.3) | | | $ | (10.6) | | | Foreign currency translation adjustment before tax | | 1.4 | | | — | | | 1.4 | | Amortization related to derivatives securities before tax | | — | | | 3.4 | | | 3.4 | | | Tax impact | | — | | | (0.9) | | | (0.9) | | Other comprehensive income | | 1.4 | | | 2.5 | | | 3.9 | | | Balance, as of December 31, 2023 | | $ | 3.1 | | | $ | (9.8) | | | $ | (6.7) | | | Foreign currency translation adjustment before tax | | (0.5) | | | — | | | (0.5) | | Amortization related to derivatives securities before tax | | — | | | 3.6 | | | 3.6 | | | Tax impact | | 0.1 | | | (0.9) | | | (0.8) | | Other comprehensive income (loss) | | (0.4) | | | 2.7 | | | 2.3 | | | Balance, as of December 31, 2024 | | $ | 2.7 | | | (7.1) | | | $ | (4.4) | | | Foreign currency translation adjustment before tax | | 0.9 | | | — | | | 0.9 | | Amortization related to derivatives securities before tax (1) | | — | | | 6.3 | | | 6.3 | | | Tax impact | | (0.2) | | | 0.8 | | | 0.6 | | Other comprehensive income | | 0.7 | | | 7.1 | | | 7.8 | | Balance, as of December 31, 2025 | | $ | 3.4 | | | $ | — | | | $ | 3.4 | |
(1)On December 1, 2025, the Company completed the full redemption of the $275 million aggregate principal amount outstanding of its 4.80% Senior Notes due July 27, 2026. As a result of this transaction, the Company recorded $2.7 million of amortization expense included in the Amortization related to derivative securities before tax.
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