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Share-Based Compensation | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation Share-Based Awards Granted We granted the following awards under our stock compensation plans during the periods presented (in millions, except per share data):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
|  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  |  |  |
Restricted stock units |  | 0.1 |  | $ | 15.32 |  |  | 0.1 |  | $ | 19.26 |  |  | 1.1 |  | $ | 13.53 |  |  | 0.7 |  | $ | 22.96 |  |  |  |  |
Performance based restricted share unit awards(1) |  | — |  | $ | — |  |  | — |  | $ | — |  |  | 1.0 |  | $ | 19.01 |  |  | 0.6 |  | $ | 36.58 |  |  |  |  |
Total |  | 0.1 |  |  |  | 0.1 |  |  |  | 2.1 |  |  |  | 1.3 |  |  |  |  |  |
(1) Weighted-average grant date fair value per share determined using Monte-Carlo valuation method. |  |  |  |
Share-Based Compensation Expense Share-based compensation expense by award-type, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Stock options |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.3 |
Restricted stock units |  | 3.4 |  |  | 4.9 |  |  | 8.2 |  |  | 9.5 |
Restricted stock awards |  | — |  |  | 0.1 |  |  | — |  |  | 0.3 |
Performance based restricted share unit awards |  | 3.6 |  |  | 7.2 |  |  | 11.9 |  |  | 14.7 |
Cash-settled restricted stock |  | — |  |  | — |  |  | 1.1 |  |  | — |
Share-based compensation expense, before tax |  | 7.0 |  |  | 12.4 |  |  | 21.2 |  |  | 24.8 |
Income tax benefit |  | (1.7) |  |  | (3.0) |  |  | (5.1) |  |  | (6.0) |
Share-based compensation expense, after tax |  | $ | 5.3 |  |  | $ | 9.4 |  |  | $ | 16.1 |  |  | $ | 18.8 |
Share-based compensation, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of products |  | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | 0.9 |  |  | $ | 0.9 |
Selling, general and administrative expense |  | 6.5 |  |  | 11.0 |  |  | 18.9 |  |  | 21.8 |
Research and development expense |  | (0.1) |  |  | 0.1 |  |  | 0.4 |  |  | 0.6 |
Other venue expense |  | 0.2 |  |  | 0.8 |  |  | 1.0 |  |  | 1.5 |
Share-based compensation expense, before tax |  | 7.0 |  |  | 12.4 |  |  | 21.2 |  |  | 24.8 |
Income tax benefit |  | (1.7) |  |  | (3.0) |  |  | (5.1) |  |  | (6.0) |
Share-based compensation expense, after tax |  | $ | 5.3 |  |  | $ | 9.4 |  |  | $ | 16.1 |  |  | $ | 18.8 |

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