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Business Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The following table sets forth our segment information for revenue, measures of segment profit or loss, and significant expenses:

						Three Months Ended March 31, 2025
(In millions)						2025						2024
Revenue						$	1,036.0					$	921.0
Less:
Cost of sales (1)						447.0						359.1
Payroll related expenses						220.2						199.8
Stock-based compensation expense						31.0						35.3
Marketing expense						70.4						61.5
Travel related expenses						19.6						21.0
Supply expenses and clinical trials						13.7						15.7
Consulting & professional fees						32.7						58.0
Equipment, office & facility expenses						21.5						22.2
IT software and data						35.1						32.1
Depreciation and amortization						9.2						11.7
Other segment items (2)						1.9						3.5
Operating income						133.7						101.1
Other income, net						20.6						31.4
Income tax expense						48.9						(13.9)
Net income						$	105.4					$	146.4
(1) Includes amounts stated in other significant expense captions.
(2) Other segment items are primarily composed of impairment of assets and bad debt expense.

						Three Months Ended March 31,
(In millions)						2025						2024
Other segment disclosures
Depreciation and amortization (1)						$	60.0					$	52.5
Expenditures for long-lived assets						$	87.0					$	56.9
Significant noncash items other than depreciation and amortization expense:
Deferred income taxes						$	5.8					$	41.8
(1) Includes depreciation and amortization recorded in both cost of sales and operating expenses.

Schedule of Disaggregation of Revenue

The following table sets forth revenue by major sales channel for the periods shown:

			Three Months Ended March 31, 2025												Three Months Ended March 31, 2024
(In millions)			Amount						% of Total						Amount						% of Total
Distributor			$	880.0					85		%				$	778.8					85		%
Direct			156.0						15		%				142.2						15		%
Total revenue			$	1,036.0					100		%				$	921.0					100		%

Schedule of Revenue from External Customers by Geographic Areas

The following table sets forth revenue by our two primary geographical markets, the United States and International, based on the geographic location to which we deliver the components, for the periods shown:

			Three Months Ended March 31, 2025												Three Months Ended March 31, 2024
(In millions)			Amount						% of Total						Amount						% of Total
United States			$	750.5					72		%				$	653.2					71		%
International			285.5						28		%				267.8						29		%
Total revenue			$	1,036.0					100		%				$	921.0					100		%

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Name Accounting Standards Codification
-Topic 280
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