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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2023
Stockholders' Equity Note [Abstract] |
Summary of comprehensive income (loss) | The following is a summary of comprehensive income (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Consolidated net income |  | $ | 57.8 |  |  | $ | 49.7 |  |  | $ | 135.2 |  |  | $ | 111.8 |
Foreign currency translation adjustments |  |  | 10.3 |  |  |  | (76.9 | ) |  |  | 36.1 |  |  |  | (107.4 | )
Derivatives designated as hedging instruments, net of tax |  |  | (15.9 | ) |  |  | 41.5 |  |  |  | (26.6 | ) |  |  | 62.6 |
Pension liability adjustments, net of tax |  |  | 0.7 |  |  |  | 1.6 |  |  |  | 0.8 |  |  |  | 2.1 |
Comprehensive income |  |  | 52.9 |  |  |  | 15.9 |  |  |  | 145.5 |  |  |  | 69.1 |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | 1.3 |  |  |  | (0.4 | ) |  |  | 2.6 |  |  |  | (0.2 | )
Less: Comprehensive loss attributable to redeemable noncontrolling interests |  |  | (0.3 | ) |  |  | (0.5 | ) |  |  | (0.3 | ) |  |  | (0.7 | )
Comprehensive income attributable to Bruker Corporation |  | $ | 51.9 |  |  | $ | 16.8 |  |  | $ | 143.2 |  |  | $ | 70.0 |
Summary of the components of accumulated other comprehensive income (loss), net of tax | The following is a summary of the components of accumulated other comprehensive income (loss) attributable to Bruker Corporation, net of tax (in millions):
|  | Foreign Currency Translation |  |  | Derivatives Designated as Hedging Instruments |  |  | Pension Liability Adjustment |  |  | Accumulated Other Comprehensive Income |
Balance at December 31, 2022 |  | $ | (3.1 | ) |  | $ | 4.1 |  |  | $ | 13.8 |  |  | $ | 14.8 |
Other comprehensive income (loss) before reclassifications |  |  | 35.4 |  |  |  | (26.6 | ) |  |  | 0.3 |  |  |  | 9.1 |
Realized gain on amounts reclassified from other comprehensive income |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 0.5 |
Net current period other comprehensive income (loss) |  |  | 35.4 |  |  |  | (26.6 | ) |  |  | 0.8 |  |  |  | 9.6 |
Balance at June 30, 2023 |  | $ | 32.3 |  |  | $ | (22.5 | ) |  | $ | 14.6 |  |  | $ | 24.4 |
Schedule of the impact of stock-based compensation expense | The Company recorded stock-based compensation expense as follows in the unaudited condensed consolidated statements of income and comprehensive income (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Stock options |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 0.8 |  |  | $ | 0.8 |
Restricted stock units |  |  | 3.8 |  |  |  | 3.4 |  |  |  | 7.5 |  |  |  | 6.8 |
Employee Stock Purchase Plan |  |  | 0.2 |  |  |  | — |  |  |  | 0.4 |  |  |  | — |
Total stock-based compensation expense |  | $ | 4.4 |  |  | $ | 3.8 |  |  | $ | 8.7 |  |  | $ | 7.6 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cost of product revenue |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 0.7 |  |  | $ | 0.8 |
Selling, general and administrative |  |  | 3.5 |  |  |  | 3.2 |  |  |  | 7.1 |  |  |  | 5.9 |
Research and development |  |  | 0.5 |  |  |  | 0.3 |  |  |  | 0.9 |  |  |  | 0.9 |
Total stock-based compensation expense |  | $ | 4.4 |  |  | $ | 3.8 |  |  | $ | 8.7 |  |  | $ | 7.6 |

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