XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net revenues:    
Net revenues $ 693.9 $ 535.7
Cost of revenues:    
Cost of revenues 371.8 296.1
Gross profit 322.1 239.6
Research and development 47.2 42.4
Selling, general and administrative 95.9 87.2
Acquisition and integration costs 6.2 2.2
Restructuring and other 4.9 0.4
Amortization of intangible assets 12.4 16.3
Asset impairment   1.2
Income from operations 155.5 89.9
Interest income 0.2 0.7
Interest expense 6.4 8.9
Other expense, net 1.1 0.4
Income before income taxes 148.2 81.3
Provision for income taxes 25.9 12.2
Net income 122.3 69.1
Other comprehensive income, net of tax:    
Changes in value of financial instruments designated as hedges 11.0 (6.0)
Foreign currency translation adjustments (18.8) (11.2)
Unrecognized pension (loss) gain (0.4) 0.1
Unrealized gain on investments 0.4 0.1
Total comprehensive income $ 114.5 $ 52.1
Net income per share:    
Basic $ 2.21 $ 1.26
Diluted $ 2.20 $ 1.25
Weighted average common shares outstanding:    
Basic 55,275,000 54,918,000
Diluted 55,600,000 55,200,000
Products [Member]    
Net revenues:    
Net revenues $ 605.0 $ 461.2
Cost of revenues:    
Cost of revenues 322.6 256.1
Services [Member]    
Net revenues:    
Net revenues 88.9 74.5
Cost of revenues:    
Cost of revenues $ 49.2 $ 40.0