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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Revenues Gross Profit And Operating Income By Segment | Information about our reporting segments and Corporate unallocated and the reconciliation to income before income taxes was as follows:
Three Months Ended September 30, 2025
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 103,097 |  |  | $ | 365,378 |  |  | $ | 25,848 |  |  | $ | 494,323 |  |  |  |  |
Service revenues |  | 525 |  |  | 28,324 |  |  | 58,453 |  |  | 87,302 |  |  |  |  |
Total revenues |  | 103,622 |  |  | 393,702 |  |  | 84,301 |  |  | 581,625 |  |  |  |  |
Cost of revenues |  | 71,615 |  |  | 238,941 |  |  | 51,524 |  |  | 362,080 |  |  |  |  |
Gross profit |  | 32,007 |  |  | 154,761 |  |  | 32,777 |  |  | 219,545 |  |  |  |  |
Sales, general and administrative |  | 2,900 |  |  | 6,695 |  |  | 3,707 |  |  | 13,302 |  |  |  |  |
Research and development |  | 4,232 |  |  | 26,186 |  |  | 12,264 |  |  | 42,682 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 81,778 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,918 |  |  |
Income before income taxes |  | $ | 24,875 |  |  | $ | 121,880 |  |  | $ | 16,806 |  |  | $ | 163,561 |  |  | $ | (72,860) |  |  | $ | 90,701 |
Nine Months Ended September 30, 2025
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 340,423 |  |  | $ | 1,119,381 |  |  | $ | 74,844 |  |  | $ | 1,534,648 |  |  |  |  |
Service revenues |  | 1,830 |  |  | 85,987 |  |  | 173,072 |  |  | 260,889 |  |  |  |  |
Total revenues |  | 342,253 |  |  | 1,205,368 |  |  | 247,916 |  |  | 1,795,537 |  |  |  |  |
Cost of revenues |  | 238,902 |  |  | 744,650 |  |  | 151,603 |  |  | 1,135,155 |  |  |  |  |
Gross profit |  | 103,351 |  |  | 460,718 |  |  | 96,313 |  |  | 660,382 |  |  |  |  |
Sales, general and administrative |  | 9,856 |  |  | 20,852 |  |  | 12,420 |  |  | 43,128 |  |  |  |  |
Research and development |  | 12,695 |  |  | 80,878 |  |  | 37,070 |  |  | 130,643 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 252,202 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,053 |  |  |
Income before income taxes |  | $ | 80,800 |  |  | $ | 358,988 |  |  | $ | 46,823 |  |  | $ | 486,611 |  |  | $ | (230,149) |  |  | $ | 256,462 |
Three Months Ended September 30, 2024
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 122,119 |  |  | $ | 390,201 |  |  | $ | 25,929 |  |  | $ | 538,249 |  |  |  |  |
Service revenues |  | 619 |  |  | 26,512 |  |  | 50,082 |  |  | 77,213 |  |  |  |  |
Total revenues |  | 122,738 |  |  | 416,713 |  |  | 76,011 |  |  | 615,462 |  |  |  |  |
Cost of revenues |  | 89,396 |  |  | 267,065 |  |  | 49,403 |  |  | 405,864 |  |  |  |  |
Gross profit |  | 33,342 |  |  | 149,648 |  |  | 26,608 |  |  | 209,598 |  |  |  |  |
Sales, general and administrative |  | 3,137 |  |  | 6,860 |  |  | 3,874 |  |  | 13,871 |  |  |  |  |
Research and development |  | 3,720 |  |  | 27,557 |  |  | 11,548 |  |  | 42,825 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 78,969 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,492 |  |  |
Income before income taxes |  | $ | 26,485 |  |  | $ | 115,231 |  |  | $ | 11,186 |  |  | $ | 152,902 |  |  | $ | (70,477) |  |  | $ | 82,425 |
Nine Months Ended September 30, 2024
In thousands |  | Device Solutions |  | Networked Solutions |  | Outcomes |  | Segments Subtotal |  | Corporate Unallocated |  | Consolidated
Product revenues |  | $ | 365,956 |  |  | $ | 1,158,857 |  |  | $ | 74,165 |  |  | $ | 1,598,978 |  |  |  |  |
Service revenues |  | 2,084 |  |  | 78,076 |  |  | 148,835 |  |  | 228,995 |  |  |  |  |
Total revenues |  | 368,040 |  |  | 1,236,933 |  |  | 223,000 |  |  | 1,827,973 |  |  |  |  |
Cost of revenues |  | 273,403 |  |  | 784,103 |  |  | 145,030 |  |  | 1,202,536 |  |  |  |  |
Gross profit |  | 94,637 |  |  | 452,830 |  |  | 77,970 |  |  | 625,437 |  |  |  |  |
Sales, general and administrative |  | 10,246 |  |  | 20,390 |  |  | 11,720 |  |  | 42,356 |  |  |  |  |
Research and development |  | 12,478 |  |  | 83,087 |  |  | 35,322 |  |  | 130,887 |  |  |  |  |
Corporate unallocated expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | 250,814 |  |  |
Total other income (expense) |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,301 |  |  |
Income before income taxes |  | $ | 71,913 |  |  | $ | 349,353 |  |  | $ | 30,928 |  |  | $ | 452,194 |  |  | $ | (237,513) |  |  | $ | 214,681 |
Revenues By Region | Revenues by region were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
United States and Canada | $ | 477,715 |  |  | $ | 505,606 |  |  | $ | 1,464,462 |  |  | $ | 1,486,090 |
Europe, Middle East, and Africa | 75,202 |  |  | 86,670 |  |  | 250,107 |  |  | 272,107 |
Asia Pacific | 28,708 |  |  | 23,186 |  |  | 80,968 |  |  | 69,776 |
Total Company | $ | 581,625 |  |  | $ | 615,462 |  |  | $ | 1,795,537 |  |  | $ | 1,827,973 |
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 September 30, |  | Nine Months Ended September 30,
In thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Device Solutions | $ | 2,269 |  |  | $ | 3,423 |  |  | $ | 6,583 |  |  | $ | 8,853 |
Networked Solutions | 3,456 |  |  | 4,219 |  |  | 10,532 |  |  | 12,234 |
Outcomes | 1,317 |  |  | 1,510 |  |  | 3,933 |  |  | 4,470 |
Corporate unallocated | 4,997 |  |  | 5,564 |  |  | 15,173 |  |  | 15,422 |
Total Company | $ | 12,039 |  |  | $ | 14,716 |  |  | $ | 36,221 |  |  | $ | 40,979 |

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