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Unaudited Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Unaudited Consolidated Statements of Operations        
Revenue, net $ 441.5 $ 364.9 $ 846.1 $ 692.4
Cost of revenue 278.1 237.2 532.2 451.9
Gross profit 163.4 127.7 313.9 240.5
Operating expenses:        
Research and development 59.0 52.3 113.2 102.2
Selling, general, and administrative 60.2 55.1 119.2 110.1
Amortization of intangible assets 5.6 6.8 11.1 13.7
Restructuring, asset impairments, and other charges 7.0 0.6 8.2 0.9
Total operating expenses 131.8 114.8 251.7 226.9
Operating income 31.6 12.9 62.2 13.6
Interest income 6.6 12.1 13.5 24.8
Interest expense (4.2) (7.0) (8.4) (14.1)
Other income (expense), net (4.7) 0.6 (8.1) 2.0
Income from continuing operations, before income tax 29.3 18.6 59.2 26.3
Income tax provision 3.8 3.2 8.8 5.0
Income from continuing operations 25.5 15.4 50.4 21.3
Loss from discontinued operations, net of income tax (0.3) (0.6) (0.5) (1.1)
Net income $ 25.2 $ 14.8 $ 49.9 $ 20.2
Basic weighted-average common shares outstanding 37.6 37.5 37.6 37.4
Diluted weighted-average common shares outstanding 37.8 37.8 38.0 37.7
Earnings (loss) per share:        
Basic earnings per share $ 0.68 $ 0.41 $ 1.34 $ 0.57
Diluted earnings per share 0.67 0.41 1.33 0.56
Basic loss per share (0.01) (0.02) (0.01) (0.03)
Diluted loss per share (0.01) (0.02) (0.01) (0.03)
Net income:        
Basic earnings per share 0.67 0.39 1.33 0.54
Diluted earnings per share $ 0.67 $ 0.39 $ 1.31 $ 0.54