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Business Acquisition (Tables)
6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Summary of Purchase Price Allocation The purchase price allocation is shown in the table below (in millions):
Current assets, net of cash acquired
$7.5 
Current liabilities, excluding contingent consideration
(7.0)
Contingent consideration
(5.3)
Other noncurrent assets (liabilities), net
(0.5)
Deferred tax liabilities
(8.1)
Identifiable intangible assets
29.6 
Goodwill
33.4 
Total$49.6 
Summary of Identifiable Intangible Assets
The identifiable intangible assets relating to the Diros Acquisition include the following (in millions, except years):
Identifiable Intangible Asset AmountWeighted Average Useful Lives (Years)
Trade names and trademarks
$2.9 15
Customer relationships
21.2 14
Developed technology and other
5.5 13
Total$29.6 
Summary of Pro-Forma Information
The following unaudited pro forma financial information is presented in the table below for the three and six months ended June 30, 2023 as if the Diros Acquisition had occurred on January 1, 2022 (in millions except per share amounts):
Three Months Ended
June 30, 2023
Six Months Ended
June 30, 2023
Net sales
$172.6 $335.4 
Net loss from continuing operations
(4.1)(11.7)
Loss from discontinued operations, net of tax(63.8)(56.5)
Net Loss
$(67.9)$(68.2)
Basic Loss Per Share
Continuing operations$(0.09)$(0.25)
Discontinued operations$(1.36)$(1.21)
Basic Loss Per Share
$(1.45)$(1.46)
Diluted Loss Per Share
Continuing operations$(0.09)$(0.25)
Discontinued operations$(1.36)$(1.21)
Diluted Loss Per Share
$(1.45)$(1.46)