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Debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Components of Debt
The components of debt consisted of the following:
September 30, 2025December 31, 2024
(in millions)
Maturity Date
Amount
Amount
Equipment financing
20252.7 8.7 
Mortgage
202559.1 60.9 
Convertible Senior Notes
2026— 800.0 
Equipment financings
202838.1 40.8 
Revolving Credit Facility2030— — 
Term Loan B
2031478.8 482.5 
Senior Unsecured Notes
2033450.0 — 
Unamortized debt discount2025 - 2033(3.6)(5.4)
Debt issuance costs2025 - 2033(10.1)(7.7)
Total debt, net1,014.8 1,379.8 
Less: current portion79.9 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)
2025202420252024
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, 2025December 31, 2024
Convertible Senior Notes
$— $794.9 
Term Loan B
474.0 475.1 
Senior Unsecured Notes
441.2 — 
Equipment financings40.6 49.3 
Mortgage59.0 60.6 
  Total debt, net$1,014.8 $1,379.8