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Unaudited Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Unaudited Consolidated Statements of Operations        
Revenue, net $ 463.3 $ 374.2 $ 1,309.4 $ 1,066.6
Cost of revenue 288.9 240.1 821.1 691.9
Gross profit 174.4 134.1 488.3 374.7
Operating expenses:        
Research and development 59.1 53.6 172.3 155.7
Selling, general, and administrative 59.8 56.2 179.0 166.4
Amortization of intangible assets 5.6 6.8 16.7 20.5
Restructuring, asset impairments, and other charges 0.7 28.5 8.9 29.3
Total operating expenses 125.2 145.1 376.9 371.9
Operating income (loss) 49.2 (11.0) 111.4 2.8
Interest income 6.6 11.0 20.1 35.7
Interest expense (4.2) (6.4) (12.6) (20.5)
Other income (expense), net 0.7 (8.1) (7.4) (6.1)
Income (loss) from continuing operations, before income tax 52.3 (14.5) 111.5 11.9
Income tax provision (benefit) 5.9 (0.4) 14.7 4.6
Income (loss) from continuing operations 46.4 (14.1) 96.8 7.3
Loss from discontinued operations, net of income tax (0.2) (0.8) (0.7) (2.0)
Net income (loss) $ 46.2 $ (14.9) $ 96.1 $ 5.3
Basic weighted-average common shares outstanding 37.6 37.5 37.6 37.5
Diluted weighted-average common shares outstanding 38.5 37.5 38.1 37.8
Continuing operations:        
Basic earnings per share $ 1.23 $ (0.38) $ 2.57 $ 0.19
Diluted earnings per share 1.21 (0.38) 2.54 0.19
Discontinued operations:        
Basic loss per share (0.01) (0.02) (0.02) (0.05)
Diluted loss per share (0.01) (0.02) (0.02) (0.05)
Net income (loss):        
Basic earnings per share 1.23 (0.4) 2.56 0.14
Diluted earnings per share $ 1.2 $ (0.4) $ 2.52 $ 0.14