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Financing Arrangements (Tables)
9 Months Ended
Sep. 30, 2024
Debt Instrument [Line Items]  
Summary of Current and Non-current Debt

The following table summarizes the current and non-current debt as of September 30, 2024 and December 31, 2023:

 

 

 

September 30,
2024

 

 

December 31,
2023

 

Credit Agreement

 

$

 

 

$

 

Convertible Senior Notes due 2025

 

 

13.2

 

 

 

13.2

 

Total debt

 

$

13.2

 

 

$

13.2

 

     Less current portion of debt

 

 

13.2

 

 

 

13.2

 

Total non-current portion of debt

 

$

 

 

$

 

Schedule of Interest (income) Expense

The following table provides the components of interest (income) expense, net for the three and nine months ended September 30, 2024 and 2023:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest expense

 

$

0.7

 

 

$

0.6

 

 

$

2.0

 

 

$

1.9

 

Interest income

 

 

(3.1

)

 

 

(2.4

)

 

 

(9.6

)

 

 

(6.9

)

Interest (income) expense, net

 

$

(2.4

)

 

$

(1.8

)

 

$

(7.6

)

 

$

(5.0

)

Convertible Senior Notes due 2025  
Debt Instrument [Line Items]  
Schedule of Components of Convertible Notes

The components of the Convertible Senior Notes due 2025 as of September 30, 2024 and December 31, 2023 were as follows:

 

 

September 30,
2024

 

 

December 31,
2023

 

Principal

 

$

13.3

 

 

$

13.3

 

Less: Debt issuance costs, net of amortization

 

 

(0.1

)

 

 

(0.1

)

Convertible Senior Notes due 2025, net

 

$

13.2

 

 

$

13.2

 

Convertible Notes  
Debt Instrument [Line Items]  
Schedule of Interest (income) Expense

The following table sets forth interest expense recognized specifically related to the Convertible Notes:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Contractual interest expense

 

$

0.2

 

 

$

0.2

 

 

$

0.6

 

 

$

0.7

 

Amortization of debt issuance costs

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total

 

$

0.2

 

 

$

0.2

 

 

$

0.6

 

 

$

0.8