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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 99.5 $ 111.7
Restricted cash 6.1 0.0
Accounts receivable, net 154.5 191.0
Inventories, net 311.7 328.9
Prepaid expenses and other current assets 26.9 47.9
Total current assets 598.7 679.5
Property, plant and equipment, net 270.6 382.8
Intangible assets, net 501.5 566.6
Other assets 18.9 194.3
Total assets 1,389.7 1,823.2
Current liabilities:    
Accounts payable 60.9 112.2
Accrued expenses 17.7 18.6
Accrued compensation 56.1 74.1
Debt, current portion 0.0 413.7
Other current liabilities 27.7 32.7
Total current liabilities 162.4 651.3
Debt, net of current portion 663.7 446.5
Deferred tax liability 41.7 47.2
Other liabilities 39.1 28.9
Total liabilities 906.9 1,173.9
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 15.0 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value per share; 200.0 shares authorized, 59.9 and 57.8 shares issued; 54.3 and 52.2 shares outstanding, respectively. 0.1 0.1
Treasury stock, at cost, 5.6 and 5.6 common shares, respectively (227.7) (227.7)
Additional paid-in capital 928.0 904.4
Accumulated other comprehensive loss, net (5.2) (5.7)
Accumulated deficit (212.4) (21.8)
Total stockholders’ equity 482.8 649.3
Total liabilities and stockholders’ equity $ 1,389.7 $ 1,823.2