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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 441.9 $ 443.4 $ 1,322.4 $ 1,378.6
Cost of goods sold (325.2) (319.3) (957.4) (971.9)
Gross profit 116.7 124.1 365.0 406.7
Operating expenses:        
Selling, general and administrative (71.9) (64.3) (215.8) (226.4)
Research and development (13.7) (13.6) (40.0) (41.6)
Adjustment to fair value of contingent consideration 17.7 (0.7) 16.2 (2.1)
Restructuring charge (0.9) 0.0 (0.9) 0.0
Impairment of property, plant and equipment (22.9) 0.0 (22.9) 0.0
Impairment of intangible assets (19.1) 0.0 (19.1) 0.0
Profit on disposal of property, plant and equipment 0.0 0.1 0.2 0.2
Total operating expenses (110.8) (78.5) (282.3) (269.9)
Operating income 5.9 45.6 82.7 136.8
Other income/(expense), net 3.4 (3.5) (2.2) 0.1
Interest income, net 2.2 2.7 7.3 6.9
Income before income tax expense 11.5 44.8 87.8 143.8
Income tax expense 1.4 (11.4) (18.6) (37.8)
Net income $ 12.9 $ 33.4 $ 69.2 $ 106.0
Earnings per share:        
Basic $ 0.52 $ 1.34 $ 2.78 $ 4.25
Diluted $ 0.52 $ 1.33 $ 2.76 $ 4.22
Weighted average shares outstanding (in thousands):        
Basic 24,834 24,941 24,914 24,926
Diluted 24,909 25,101 25,045 25,103