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Accounting Changes and Error Corrections (Tables)

9 Months Ended

Sep. 30, 2025

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

(dollars in millions)			As of December 31, 2023
			As reported			Adjustment			As revised
Prepaid expenses and other current assets			$	99.3		$	0.1		$	99.4
Total current assets			929.8			0.1			929.9
Total assets			2,912.3			0.1			2,912.4
Accrued expenses and other current liabilities			64.3			0.6			64.9
Deferred revenue, current portion			392.5			(1.7)			390.9
Total current liabilities			1,197.1			(1.1)			1,196.1
Total liabilities			2,103.6			(1.1)			2,102.5
Retained earnings			198.9			1.2			200.1
Total stockholders' equity			808.7			1.2			809.9
Total liabilities and stockholders’ equity			2,912.3			0.1			2,912.4

(dollars in millions)			As of March 31, 2024									As of June 30, 2024									As of September 30, 2024									As of December 31, 2024
			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Prepaid expenses and other current assets			$	94.6		$	0.1		$	94.7		$	92.3		$	0.1		$	92.4		$	87.5		$	0.2		$	87.7		$	81.3		$	0.3		$	81.6
Total current assets			577.1			0.1			577.2			1,079.2			0.1			1,079.3			655.6			0.2			655.8			976.3			0.3			976.6
Total assets			2,549.1			0.1			2,549.3			3,042.7			0.1			3,042.9			2,601.0			0.2			2,601.2			2,495.7			0.3			2,496.0
Accrued expenses and other current liabilities			75.3			0.8			76.1			51.7			0.8			52.5			48.7			0.9			49.6			75.5			0.9			76.5
Deferred revenue, current portion			360.4			(1.2)			359.2			427.1			(1.3)			425.8			411.6			(1.1)			410.4			359.5			(1.0)			358.5
Total current liabilities			862.6			(0.4)			862.2			1,349.0			(0.5)			1,348.5			962.2			(0.2)			962.0			1,252.1			—			1,252.1
Deferred tax liability			82.4			0.6			83.0			75.4			0.4			75.8			68.2			—			68.2			9.5			15.5			25.0
Total noncurrent liabilities			1,152.5			0.6			1,153.0			1,116.4			0.4			1,116.9			1,094.4			—			1,094.4			1,101.6			15.5			1,117.1
Total liabilities			2,015.1			0.1			2,015.2			2,465.4			—			2,465.4			2,056.6			(0.2)			2,056.4			2,353.7			15.4			2,369.2
Additional paid-in capital			1,184.3			(3.3)			1,181.1			1,208.6			(2.6)			1,206.1			1,227.2			—			1,227.2			1,291.4			—			1,291.4
Retained earnings (accumulated deficit)			204.1			3.3			207.4			225.9			2.7			228.6			246.5			0.4			246.9			(84.3)			(15.2)			(99.5)
Total stockholders' equity			534.1			—			534.0			577.3			0.1			577.5			544.3			0.4			544.8			142.0			(15.2)			126.8
Total liabilities and stockholders’ equity			2,549.1			0.1			2,549.3			3,042.7			0.1			3,042.9			2,601.0			0.2			2,601.2			2,495.7			0.3			2,496.0

(dollars in millions)			As of March 31, 2025									As of June 30, 2025
			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Accounts receivable, net of allowance			$	78.1		$	—		$	78.1		$	145.2		$	0.8		$	146.0
Prepaid expenses and other current assets			88.2			0.1			88.3			91.2			0.3			91.6
Total current assets			627.5			0.1			627.6			1,154.0			1.1			1,155.1
Total assets			2,102.2			0.1			2,102.4			2,629.4			1.1			2,630.5
Accrued expenses and other current liabilities			45.1			1.0			46.1			40.9			1.2			42.1
Deferred revenue, current portion			326.2			(0.7)			325.6			399.2			(0.4)			398.8
Total current liabilities			863.9			0.4			864.3			1,380.1			0.9			1,380.9
Deferred tax liability			9.6			15.5			25.1			9.8			15.5			25.3
Total noncurrent liabilities			1,205.1			15.5			1,220.6			1,161.4			15.5			1,176.9
Total liabilities			2,069.0			15.8			2,084.9			2,541.4			16.3			2,557.8
Accumulated deficit			(79.4)			(15.7)			(95.1)			(53.5)			(15.2)			(68.7)
Total stockholders' equity			33.2			(15.7)			17.5			88.0			(15.2)			72.7
Total liabilities and stockholders’ equity			2,102.2			0.1			2,102.4			2,629.4			1.1			2,630.5

(dollars in millions, except per share amounts)			Twelve months ended December 31, 2023
			As reported			Adjustment			As revised
Revenue			$	1,105.4		$	1.6		$	1,107.1
Cost of revenue			502.2			5.8			508.0
Gross profit			603.2			(4.2)			599.1
Research and development			153.3			(5.8)			147.5
Total operating expenses			558.5			(5.8)			552.7
Income from operations			44.7			1.6			46.4
Income before provision for income taxes			17.6			1.6			19.3
Income tax provision			15.8			0.5			16.3
Net income			1.8			1.2			3.0
Earnings per share
Basic			0.03			0.03			0.06
Diluted			0.03			0.03			0.06
Comprehensive (loss)			(8.8)			1.2			(7.6)

(dollars in millions, except per share amounts)			Three months ended March 31, 2024									Three months ended June 30, 2024									Three months ended September 30, 2024
			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Revenue			$	279.3		$	(0.7)		$	278.6		$	287.3		$	0.1		$	287.3		$	286.7		$	(0.1)		$	286.6
Cost of revenue			126.2			1.7			127.9			124.7			1.7			126.4			127.5			1.8			129.3
Gross profit			153.0			(2.3)			150.7			162.6			(1.7)			160.9			159.2			(1.9)			157.3
Sales, marketing and customer success			50.9			(0.5)			50.4			47.1			0.1			47.2			49.5			0.4			49.8
Research and development			42.8			(2.1)			40.7			39.1			(1.7)			37.4			39.4			(1.5)			37.9
General and administrative			47.8			(2.4)			45.4			33.4			0.5			34.0			25.6			1.9			27.5
Total operating expenses			142.3			(5.0)			137.4			120.5			(1.0)			119.5			115.4			0.8			116.2
Income (loss) from operations			10.7			2.6			13.3			42.1			(0.7)			41.4			43.8			(2.7)			41.1
Income (loss) before (benefit) provision for income taxes			3.8			2.6			6.4			29.7			(0.7)			29.0			32.7			(2.7)			30.0
Income tax (benefit) provision			(1.5)			0.6			(0.9)			7.9			(0.1)			7.8			12.1			(0.4)			11.7
Net income (loss)			5.2			2.1			7.3			21.8			(0.6)			21.2			20.5			(2.3)			18.3
Earnings (loss) per share
Basic			0.10			0.04			0.14			0.43			(0.01)			0.42			0.41			(0.05)			0.36
Diluted			0.10			0.04			0.14			0.42			(0.01)			0.41			0.40			(0.05)			0.35
Comprehensive income (loss)			8.2			2.1			10.2			20.8			(0.6)			20.2			13.5			(2.3)			11.2

(dollars in millions, except per share amounts)			Six months ended June 30, 2024									Nine months ended September 30, 2024									Twelve months ended December 31, 2024
			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Revenue			$	566.5		$	(0.6)		$	565.9		$	853.3		$	(0.8)		$	852.5		$	1,155.5		$	(0.9)		$	1,154.6
Cost of revenue			250.9			3.4			254.3			378.4			5.2			383.6			516.3			6.9			523.2
Gross profit			315.6			(4.0)			311.6			474.8			(5.9)			468.9			639.2			(7.8)			631.4
Sales, marketing and customer success			97.9			(0.4)			97.6			147.4			—			147.4			197.5			—			197.5
Research and development			81.9			(3.7)			78.1			121.2			(5.2)			116.0			160.6			(6.9)			153.7
General and administrative			81.2			(1.9)			79.3			106.8			—			106.8			142.7			—			142.7
Total operating expenses			262.8			(6.0)			256.9			378.2			(5.2)			373.0			909.7			(6.9)			902.8
Income (loss) from operations			52.8			1.9			54.7			96.6			(0.8)			95.9			(270.5)			(0.9)			(271.4)
Income (loss) before provision (benefit) for income taxes			33.5			1.9			35.4			66.2			(0.8)			65.4			(311.6)			(0.9)			(312.5)
Income tax provision (benefit)			6.4			0.4			6.9			18.6			—			18.6			(28.4)			15.5			(12.9)
Net income (loss)			27.1			1.5			28.6			47.6			(0.8)			46.8			(283.2)			(16.4)			(299.5)
Earnings (loss) per share
Basic			0.53			0.03			0.56			0.93			(0.01)			0.92			(5.60)			(0.32)			(5.92)
Diluted			0.52			0.03			0.55			0.91			(0.01)			0.90			(5.60)			(0.32)			(5.92)
Comprehensive income (loss)			28.9			1.5			30.4			42.4			(0.8)			41.6			(286.4)			(16.4)			(302.7)

(dollars in millions, except per share amounts)			Three months ended March 31, 2025									Three months ended June 30, 2025									Six months ended June 30, 2025
			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Revenue			$	270.7		$	(0.7)		$	269.9		$	281.4		$	0.6		$	282.0		$	552.0		$	(0.1)		$	552.0
Gross profit			155.8			(0.7)			155.1			167.7			0.6			168.4			323.6			(0.1)			323.5
Income from operations			20.4			(0.7)			19.7			56.7			0.6			57.3			77.1			(0.1)			77.0
Income before provision for income taxes			5.6			(0.7)			4.9			39.4			0.6			40.0			45.0			(0.1)			44.9
Income tax provision			0.7			(0.2)			0.5			13.4			0.2			13.6			14.1			—			14.1
Net income			4.9			(0.5)			4.3			26.0			0.5			26.5			30.8			(0.1)			30.8
Earnings per share
Basic			0.10			(0.01)			0.09			0.54			0.01			0.55			0.64			—			0.64
Diluted			0.10			(0.01)			0.09			0.54			0.01			0.55			0.63			—			0.63
Comprehensive income			1.4			(0.5)			0.9			28.0			0.5			28.5			29.4			(0.1)			29.4

(dollars in millions)			Twelve months ended December 31, 2023
			As reported			Adjustment			As revised
Cash flows from operating activities
Net income			$	1.8		$	1.2		$	3.0
Changes in operating assets and liabilities, net of acquisition and disposal of businesses:
Prepaid expenses and other assets			16.9			(0.1)			16.7
Accrued expenses and other liabilities			(30.3)			0.6			(29.7)
Deferred revenue			8.9			(1.7)			7.2
Net cash provided by operating activities			199.6			—			199.6

(dollars in millions)			Three months ended March 31, 2024									Six months ended June 30, 2024									Nine months ended September 30, 2024									Twelve months ended December 31, 2024
			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Cash flows from operating activities
Net income (loss)			$	5.2		$	2.1		$	7.3		$	27.1		$	1.5		$	28.6		$	47.6		$	(0.8)		$	46.8		$	(283.2)		$	(16.4)		$	(299.5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense			33.6			(3.3)			30.3			57.9			(2.6)			55.3			76.4			—			76.4			105.0			—			105.0
Deferred taxes			(12.2)			0.6			(11.7)			(18.8)			0.4			(18.4)			(21.8)			—			(21.8)			(85.0)			15.5			(69.5)
Changes in operating assets and liabilities, net of acquisition and disposal of businesses:
Prepaid expenses and other assets			(3.3)			—			(3.2)			(2.5)			—			(2.5)			(0.9)			(0.1)			(0.9)			3.3			(0.1)			3.2
Trade accounts payable			23.1			0.7			23.8			19.1			—			19.1			18.3			—			18.3			28.3			—			28.3
Accrued expenses and other liabilities			7.9			0.2			8.1			(13.6)			0.2			(13.4)			(16.4)			0.3			(16.1)			(13.3)			0.3			(13.0)
Deferred revenue			(25.8)			0.5			(25.4)			36.2			0.4			36.6			19.0			0.5			19.5			(2.5)			0.7			(1.9)
Net cash provided by operating activities			64.6			0.7			65.3			118.4			—			118.4			222.4			—			222.4			296.0			—			296.0
Cash flows from investing activities
Purchase of property and equipment			(0.3)			(0.7)			(1.0)			(6.1)			—			(6.1)			(7.2)			—			(7.2)			(7.4)			—			(7.4)
Net cash used in investing activities			(14.5)			(0.7)			(15.2)			(40.7)			—			(40.7)			(56.3)			—			(56.3)			(73.4)			—			(73.4)

(dollars in millions)			Three months ended March 31, 2025									Six months ended June 30, 2025
			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Cash flows from operating activities
Net income			$	4.9		$	(0.5)		$	4.3		$	30.8		$	(0.1)		$	30.8
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses and sales returns			0.8			—			0.8			3.8			(0.8)			3.0
Changes in operating assets and liabilities, net of acquisition and disposal of businesses:
Prepaid expenses and other assets			(5.3)			0.1			(5.2)			(8.9)			—			(9.0)
Accrued expenses and other liabilities			(8.2)			0.1			(8.1)			(10.2)			0.3			(9.9)
Deferred revenue			(29.8)			0.3			(29.4)			38.2			0.6			38.8
Net cash provided by operating activities			1.4			—			1.4			68.3			—			68.3

			Retained earnings (accumulated deficit)									Total stockholders' equity
(dollars in millions)			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Balance at December 31, 2022			$	197.0		$	—		$	197.0		$	744.0		$	—		$	744.0
Net income			1.8			1.2			3.0			1.8			1.2			3.0
Balance at December 31, 2023			198.9			1.2			200.1			808.7			1.2			809.9
Net (loss)			(283.2)			(16.4)			(299.5)			(283.2)			(16.4)			(299.5)
Balance at December 31, 2024			(84.3)			(15.2)			(99.5)			142.0			(15.2)			126.8

			Additional paid-in capital									Retained earnings (accumulated deficit)									Total stockholders' equity
(dollars in millions)			As reported			Adjustment			As revised			As reported			Adjustment			As revised			As reported			Adjustment			As revised
Balance at December 31, 2023			$	1,203.0		$	—		$	1,203.0		$	198.9		$	1.2		$	200.1		$	808.7		$	1.2		$	809.9
Net income			—			—			—			5.2			2.1			7.3			5.2			2.1			7.3
Stock-based compensation			33.6			(3.3)			30.3			—			—			—			33.6			(3.3)			30.3
Balance at March 31, 2024			1,184.3			(3.3)			1,181.1			204.1			3.3			207.4			534.1			—			534.0
Net income			—			—			—			21.8			(0.6)			21.2			21.8			(0.6)			21.2
Stock-based compensation			24.3			0.7			25.0			—			—			—			24.3			0.7			25.0
Balance at June 30, 2024			1,208.6			(2.6)			1,206.1			225.9			2.7			228.6			577.3			0.1			577.5
Net income			—			—			—			20.5			(2.3)			18.3			20.5			(2.3)			18.3
Stock-based compensation			18.6			2.6			21.1			—			—			—			18.6			2.6			21.1
Balance at September 30, 2024			1,227.2			—			1,227.2			246.5			0.4			246.9			544.3			0.4			544.8
Balance at December 31, 2024			1,291.4			—			1,291.4			(84.3)			(15.2)			(99.5)			142.0			(15.2)			126.8
Net income			—			—			—			4.9			(0.5)			4.3			4.9			(0.5)			4.3
Balance at March 31, 2025			1,319.6			—			1,319.6			(79.4)			(15.7)			(95.1)			33.2			(15.7)			17.5
Net income			—			—			—			26.0			0.5			26.5			26.0			0.5			26.5
Balance at June 30, 2025			1,347.2			—			1,347.2			(53.5)			(15.2)			(68.7)			88.0			(15.2)			72.7

X

- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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