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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 267.3 $ 99.5
Restricted cash 3.7 6.1
Accounts receivable, net 79.8 154.5
Inventories, net 338.6 311.7
Prepaid expenses and other current assets 24.0 26.9
Assets held for sale 6.1 0.0
Total current assets 719.5 598.7
Property, plant and equipment, net 216.1 270.6
Intangible assets, net 469.0 501.5
Other assets 12.5 18.9
Total assets 1,417.1 1,389.7
Current liabilities:    
Accounts payable 63.7 60.9
Accrued expenses 13.6 17.7
Accrued compensation 31.5 56.1
Other current liabilities 13.6 27.7
Liabilities held for sale 4.7 0.0
Total current liabilities 127.1 162.4
Debt 667.8 663.7
Deferred tax liability 46.5 41.7
Other liabilities 39.5 39.1
Total liabilities 880.9 906.9
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 15.0 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, $0.001 par value per share; 200.0 shares authorized, 60.4 and 59.9 shares issued; 53.7 and 54.3 shares outstanding, respectively 0.1 0.1
Treasury stock, at cost, 6.7 and 5.6 common shares, respectively (234.6) (227.7)
Additional paid-in capital 935.2 928.0
Accumulated other comprehensive loss, net (8.1) (5.2)
Accumulated deficit (156.4) (212.4)
Total stockholders’ equity 536.2 482.8
Total liabilities and stockholders’ equity $ 1,417.1 $ 1,389.7