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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Revenues Gross Profit And Operating Income By Segment |
Three Months Ended March 31, 2025
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 125,387 |  |  | $ | 374,522 |  |  | $ | 23,232 |  |  | $ | 523,141 |  |  |  |  |
Service revenues |  | 484 |  |  | 28,210 |  |  | 55,316 |  |  | 84,010 |  |  |  |  |
Total revenues |  | 125,871 |  |  | 402,732 |  |  | 78,548 |  |  | 607,151 |  |  |  |  |
Cost of revenues |  | 88,118 |  |  | 254,018 |  |  | 47,796 |  |  | 389,932 |  |  |  |  |
Gross profit |  | 37,753 |  |  | 148,714 |  |  | 30,752 |  |  | 217,219 |  |  |  |  |
Sales, general and administrative |  | 3,328 |  |  | 6,680 |  |  | 4,077 |  |  | 14,085 |  |  |  |  |
Research and development |  | 3,954 |  |  | 25,925 |  |  | 12,345 |  |  | 42,224 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 84,697 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,066 |  |  |
Income before income taxes |  | $ | 30,471 |  |  | $ | 116,109 |  |  | $ | 14,330 |  |  | $ | 160,910 |  |  | $ | (78,631) |  |  | $ | 82,279 |
Three Months Ended March 31, 2024
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 125,908 |  |  | $ | 381,305 |  |  | $ | 20,609 |  |  | $ | 527,822 |  |  |  |  |
Service revenues |  | 844 |  |  | 26,211 |  |  | 48,565 |  |  | 75,620 |  |  |  |  |
Total revenues |  | 126,752 |  |  | 407,516 |  |  | 69,174 |  |  | 603,442 |  |  |  |  |
Cost of revenues |  | 96,688 |  |  | 256,491 |  |  | 44,884 |  |  | 398,063 |  |  |  |  |
Gross profit |  | 30,064 |  |  | 151,025 |  |  | 24,290 |  |  | 205,379 |  |  |  |  |
Sales, general and administrative |  | 3,781 |  |  | 6,499 |  |  | 4,027 |  |  | 14,307 |  |  |  |  |
Research and development |  | 4,580 |  |  | 27,848 |  |  | 11,172 |  |  | 43,600 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 84,672 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,416 |  |  |
Income before income taxes |  | $ | 21,703 |  |  | $ | 116,678 |  |  | $ | 9,091 |  |  | $ | 147,472 |  |  | $ | (82,256) |  |  | $ | 65,216 |
Revenues By Region | Revenues by region were as follows:
|  |  | Three Months Ended March 31,
In thousands |  |  |  |  | 2025 |  | 2024
United States and Canada |  |  |  |  | $ | 486,212 |  |  | $ | 482,096 |
Europe, Middle East, and Africa |  |  |  |  | 96,326 |  |  | 98,656 |
Asia Pacific |  |  |  |  | 24,613 |  |  | 22,690 |
Total Company |  |  |  |  | $ | 607,151 |  |  | $ | 603,442 |
Depreciation And Amortization Expense Associated With Segments | Depreciation and amortization of intangible assets expense associated with our operating segments was as follows:
|  |  | Three Months Ended March 31,
In thousands |  |  |  |  | 2025 |  | 2024
Device Solutions |  |  |  |  | $ | 2,105 |  |  | $ | 2,598 |
Networked Solutions |  |  |  |  | 3,563 |  |  | 4,018 |
Outcomes |  |  |  |  | 1,338 |  |  | 1,456 |
Corporate unallocated |  |  |  |  | 5,062 |  |  | 4,672 |
Total Company |  |  |  |  | $ | 12,068 |  |  | $ | 12,744 |

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