XML 23 R2.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 204.7 $ 173.0 $ 401.1 $ 317.3
Cost of goods sold 127.9 105.8 253.4 196.2
Gain (Loss) on Disposition of Assets (1.1) (4.8) (1.1) (4.8)
Restructuring charges - cost of goods sold 0.3 (1.7) 1.3 (1.6)
Gross profit 77.6 73.7 147.5 127.5
Research and development expenses 20.9 19.7 41.5 39.7
Selling and administrative expenses 43.0 36.5 86.5 70.3
Goodwill, Impairment Loss 249.4 0.0 249.4 0.0
Restructuring charges (0.1) 0.6 1.4 1.6
Operating expenses 313.2 56.8 378.8 111.6
Operating (loss) earnings (235.6) 16.9 (231.3) 15.9
Interest Income (Expense), Net 4.6 0.8 9.0 1.6
Other expense (income), net 0.3 (1.3) (0.1) 1.0
Gain (loss) on disposition of intangible assets, net 0.0 0.0 (5.4) 0.0
(Loss) earnings before income taxes (240.5) 17.4 (234.8) 13.3
Provision for income taxes 18.8 3.8 22.0 4.9
Net (loss) earnings $ (259.3) $ 13.6 $ (256.8) $ 8.4
Earnings per share:        
Earnings Per Share, Basic $ (2.90) $ 0.15 $ (2.87) $ 0.09
Earnings Per Share, Diluted $ (2.90) $ 0.15 $ (2.87) $ 0.09
Weighted Average Number of Shares Outstanding, Basic [Abstract]        
Basic (in shares) 89,400,000 91,400,000 89,500,000 91,400,000
Diluted (in shares) 89,400,000 91,800,000 89,500,000 92,100,000