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Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels:

Net sales by geographic area

			Three Months Ended September 30,																		Nine Months Ended September 30,
			2024						2023						% Change						2024						2023						% Change
Americas			$	218.7					$	211.2					3.6		%				$	662.1					$	632.2					4.7		%
Europe, Middle East and Africa			76.3						72.0						6.0		%				234.6						234.1						0.2		%
Asia Pacific			20.8						21.5						(3.3)		%				61.1						65.9						(7.3)		%
Total			$	315.8					$	304.7					3.6		%				$	957.8					$	932.2					2.7		%

Net sales are attributed to each geographic area based on the end-user country and are net of intercompany sales.

Net sales by groups of similar products and services

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Equipment			$	196.6					$	189.5					$	597.1					$	579.1
Parts and consumables			68.0						68.3						207.5						212.7
Service and other			51.2						46.9						153.2						140.4
Total			$	315.8					$	304.7					$	957.8					$	932.2

Net sales by sales channel

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Sales direct to consumer			$	222.6					$	214.6					$	673.7					$	638.4
Sales to distributors			93.2						90.1						284.1						293.8
Total			$	315.8					$	304.7					$	957.8					$	932.2

Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance

The change in our sales incentive accrual balance was as follows:

			Nine Months Ended September 30,
			2024						2023
Beginning balance			$	21.2					$	20.0
Additions to sales incentive accrual			20.5						21.9
Contract payments			(20.9)						(20.4)
Foreign currency fluctuations			0.1						(0.1)
Ending balance			$	20.9					$	21.4

The change in the deferred revenue balance was as follows:

			Nine Months Ended September 30,
			2024						2023
Beginning balance			$	10.3					$	9.3
Increase in deferred revenue representing our obligation to satisfy future performance obligations			21.8						13.5
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations			(15.3)						(14.0)
Foreign currency fluctuations			(0.5)						—
Ending balance			$	16.3					$	8.8

Schedule of Recognition of Net Sales in Future Periods

Of these amounts, we expect to recognize the following approximate amounts in net sales in the following periods:

Remaining 2024			$	4.4
2025			4.3
2026			3.6
2027			2.1
2028			1.3
Thereafter			0.6
Total			$	16.3

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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