XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.24.3

Share-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Payment Arrangement Activity | We granted the following awards under our stock compensation plans during the periods presented (in millions, except per share data):
|  | Three Months Ended September 30, |  | Nine Months Ended September 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 |  | $ | 13.20 |  |  | — |  | $ | 18.76 |  |  | 1.2 |  | $ | 13.52 |  |  | 0.7 |  | $ | 22.85 |  |  |  |  |
Restricted stock awards |  | — |  | $ | — |  |  | 0.8 |  | $ | 19.60 |  |  | — |  | $ | — |  |  | 0.8 |  | $ | 19.60 |  |  |  |  |
Performance based restricted share unit awards(1) |  | — |  | $ | — |  |  | — |  |  |  | 1.0 |  | $ | 19.01 |  |  | 0.6 |  | $ | 36.58 |  |  |  |  |
Total |  | 0.1 |  |  |  | 0.8 |  |  |  | 2.2 |  |  |  | 2.1 |  |  |  |  |  |
(1) Weighted-average grant date fair value per share determined using Monte-Carlo valuation method. |  |  |  |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Stock options |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.4 |
Restricted stock units |  | 3.1 |  |  | 5.1 |  |  | 11.3 |  |  | 14.6 |
Restricted stock awards |  | — |  |  | 0.5 |  |  | — |  |  | 0.8 |
Performance based restricted share unit awards |  | 4.7 |  |  | 7.9 |  |  | 16.6 |  |  | 22.6 |
Cash-settled restricted stock |  | — |  |  | — |  |  | 1.1 |  |  | — |
Share-based compensation expense, before tax |  | 7.8 |  |  | 13.6 |  |  | 29.0 |  |  | 38.4 |
Income tax benefit |  | (1.8) |  |  | (3.2) |  |  | (6.9) |  |  | (9.2) |
Share-based compensation expense, after tax |  | $ | 6.0 |  |  | $ | 10.4 |  |  | $ | 22.1 |  |  | $ | 29.2 |
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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of products |  | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | 1.3 |  |  | $ | 1.4 |
Selling, general and administrative expense |  | 6.8 |  |  | 11.6 |  |  | 25.7 |  |  | 33.4 |
Research and development expense |  | 0.1 |  |  | 0.5 |  |  | 0.5 |  |  | 1.1 |
Other venue expense |  | 0.5 |  |  | 1.0 |  |  | 1.5 |  |  | 2.5 |
Share-based compensation expense, before tax |  | 7.8 |  |  | 13.6 |  |  | 29.0 |  |  | 38.4 |
Income tax benefit |  | (1.8) |  |  | (3.2) |  |  | (6.9) |  |  | (9.2) |
Share-based compensation expense, after tax |  | $ | 6.0 |  |  | $ | 10.4 |  |  | $ | 22.1 |  |  | $ | 29.2 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration