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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenues:        
Net revenues $ 544.3 $ 474.1 $ 1,080.0 $ 937.7
Cost of revenues:        
Cost of revenues 298.0 263.1 594.1 528.5
Gross profit 246.3 211.0 485.9 409.2
Research and development 42.8 41.9 85.2 80.8
Selling, general and administrative 86.1 83.2 173.3 165.7
Acquisition and integration costs 0.7 3.2 2.9 33.4
Restructuring and other 3.3 1.2 3.7 3.2
Amortization of intangible assets 13.8 17.6 30.1 33.3
Asset impairment     1.2  
COVID-19 related net credits (1.2)   (1.2)  
Fees and expenses related to repricing of Term Loan       5.8
Income from operations 100.8 63.9 190.7 87.0
Interest income 0.3 1.4 1.0 3.1
Interest expense 7.2 12.7 16.1 21.8
Other expense, net 1.5 0.8 1.9 1.1
Income before income taxes 92.4 51.8 173.7 67.2
Provision for income taxes 18.7 14.1 30.9 17.0
Net income 73.7 37.7 142.8 50.2
Other comprehensive income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges (1.0) (7.8) (7.0) (7.8)
Foreign currency translation adjustments 6.2 0.6 (5.0) (3.7)
Net actuarial loss on pension and post-retirement benefits (0.1)      
Unrealized (loss) gain on investments   (0.1) 0.1 (0.1)
Total comprehensive income $ 78.8 $ 30.4 $ 130.9 $ 38.6
Net income per share:        
Basic $ 1.34 $ 0.69 $ 2.60 $ 0.92
Diluted $ 1.33 $ 0.69 $ 2.58 $ 0.91
Weighted average common shares outstanding:        
Basic 55,089,000 54,815,000 55,004,000 54,481,000
Diluted 55,267,000 55,089,000 55,252,000 54,966,000
Products [Member]        
Net revenues:        
Net revenues $ 473.0 $ 401.3 $ 934.2 $ 798.7
Cost of revenues:        
Cost of revenues 258.0 226.2 514.1 455.9
Services [Member]        
Net revenues:        
Net revenues 71.3 72.8 145.8 139.0
Cost of revenues:        
Cost of revenues $ 40.0 $ 36.9 $ 80.0 $ 72.6