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Segment information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents segment information provided to the CODM, along with a reconciliation of segment adjusted gross margin to income before income taxes as reported in the Condensed Consolidated Statement of Operation for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31,
			2025						2024
Revenues reportable segments:
Commercial Products			$	45.3					$	118.5
MCM Products			156.6						155.4
Reconciliation of revenue:			201.9						273.9
All other revenues (1)			20.3						26.5
Total revenues			$	222.2					$	300.4
Cost of sales reportable segments:
Commercial Products			$	24.5					$	52.1
MCM Products(2)			49.2						61.8
Total of reportable segments			$	73.7					$	113.9
Segment adjusted gross margin reportable segments:
Commercial Products			$	20.8					$	66.4
MCM Products (2)			107.4						93.6
Total of reportable segments			$	128.2					$	160.0
Reconciliation to income before income tax:
All other revenues less other costs of revenue (1)			$	6.5					$	(3.8)
Amortization of intangible assets			(16.3)						(16.2)
Restructuring costs			0.8						0.1
Inventory step-up provision			(1.8)						—
Changes in fair value of financial instruments			—						(0.5)
Research and development			(15.1)						(15.1)
Selling, general and administrative			(52.4)						(84.7)
Interest expense			(14.7)						(24.3)
Loss on assets held for sale			(12.2)						—
Other, net			69.7						(3.4)
Income before income taxes			$	92.7					$	12.1
(1) “All other revenues” and “All other revenues less other cost of revenue” includes Services and Contracts and grants revenue, and Services and Contracts and grants revenue less Cost of services, respectively.
(2) Excludes $1.8 million of inventory step-up provision for the three months ended March 31, 2025, $0.5 million of changes in fair value of financial instruments for the three months ended March 31, 2024 and $(0.8) million and $(0.1) million of restructuring costs for each of the three months ended March 31, 2025 and 2024.

Schedule of Segment Reporting Information, by Segment

The following table includes depreciation expense for each reportable segment:

			Three Months Ended March 31,
			2025						2024
Depreciation from reportable segments:
MCM Products			$	4.2					$	5.6
Items not included in depreciation from reportable segments:
All other segment			2.2						2.6
Other			2.7						3.5
Total depreciation			$	9.1					$	11.7

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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