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Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Components of Debt

The components of debt consisted of the following:

									March 31, 2025						December 31, 2024
(in millions)			Maturity Date						Amount						Amount
Equipment financing			2025						$	6.7					$	8.6
Mortgage			2025						60.3						61.0
Convertible Senior Notes			2026						674.8						800.0
Equipment financing									19.8						17.5
Equipment financing			2028						21.9						23.4
Revolving Credit Facility			2030						—						—
Term Loan B			2031						481.2						482.5
Senior Unsecured Notes			2033						450.0						—
Unamortized debt discount			2025 - 2033						(4.4)						(5.4)
Debt issuance costs			2025 - 2033						(14.9)						(7.7)
Total debt, net									1,695.4						1,379.9
Less: current portion									83.1						83.8
Total long-term debt, net									$	1,612.3					$	1,296.1

Schedule of Interest Expense

The components of interest expense related to the Convertible Senior Notes for the three months ended March 31, 2025 and 2024 were as follows:

			Three Months Ended March 31,
(in millions)			2025						2024
Contractual interest expense			$	0.8					$	0.8
Amortization of debt issuance costs			0.7						0.7
Total interest recognized on the Convertible Notes			$	1.5					$	1.5

Schedule of Carrying Amount and Estimated Fair Value of Convertible Debt

At the end of each period, the carrying value of the Company’s debt was comprised of the following:

(in millions)			March 31, 2025						December 31, 2024
Convertible Notes			$	671.1					$	794.9
Term Loan B			475.3						475.1
Senior Unsecured Notes			440.7						—
Equipment financings			48.2						49.3
Mortgage			60.1						60.6
Total debt, net			$	1,695.4					$	1,379.9

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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