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v3.25.3

Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Components of Debt | The components of debt consisted of the following:
|  |  | September 30, 2025 |  | December 31, 2024
(in millions) | Maturity Date |  | Amount |  | Amount
Equipment financing | 2025 |  | 2.7 |  |  | 8.7 |
Mortgage | 2025 |  | 59.1 |  |  | 60.9 |
Convertible Senior Notes | 2026 |  | — |  |  | 800.0 |
Equipment financings | 2028 |  | 38.1 |  |  | 40.8 |
Revolving Credit Facility | 2030 |  | — |  |  | — |
Term Loan B | 2031 |  | 478.8 |  |  | 482.5 |
Senior Unsecured Notes | 2033 |  | 450.0 |  |  | — |
Unamortized debt discount | 2025 - 2033 |  | (3.6) |  |  | (5.4) |
Debt issuance costs | 2025 - 2033 |  | (10.1) |  |  | (7.7) |
Total debt, net |  |  | 1,014.8 |  |  | 1,379.8 |
Less: current portion |  |  | 79.9 |  |  | 83.8 |
Total long-term debt, net |  |  | $ | 934.9 |  |  | $ | 1,296.1 |
Schedule of Interest Expense | The components of interest expense related to the Convertible Notes were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Contractual interest expense | $ | 0.2 |  |  | $ | 0.8 |  |  | $ | 1.4 |  |  | $ | 2.3 |
Amortization of debt issuance costs | 1.7 |  |  | 0.8 |  |  | 2.9 |  |  | 2.3 |
Total interest recognized on the Convertible Notes | $ | 1.9 |  |  | $ | 1.5 |  |  | $ | 4.2 |  |  | $ | 4.5 |
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) | September 30, 2025 |  | December 31, 2024
Convertible Senior Notes | $ | — |  |  | $ | 794.9 |
Term Loan B | 474.0 |  |  | 475.1 |
Senior Unsecured Notes | 441.2 |  |  | — |
Equipment financings | 40.6 |  |  | 49.3 |
Mortgage | 59.0 |  |  | 60.6 |
Total debt, net | $ | 1,014.8 |  |  | $ | 1,379.8 |

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- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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