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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables present segment operating results by reportable segment:
| Three Months Ended March 31, 2025
| North America |  | Europe/Asia |  | Consolidated
Net product revenue | $ | 36.2 |  |  | $ | 41.4 |  |  | $ | 77.6 |
Machine lease revenue | 6.4 |  |  | 7.2 |  |  | 13.6 |
Net revenue | 42.6 |  |  | 48.6 |  |  | 91.2 |
Less: |  |  |  |  |
Cost of sales excluding depreciation and amortization | 28.2 |  |  | 26.0 |  |  |
Compensation expense(1) | 13.3 |  |  | 13.1 |  |  |
Professional fees | 2.1 |  |  | 0.9 |  |  |
Stock-based compensation | 1.6 |  |  | 0.5 |  |  |
Other operating expense, net | 1.0 |  |  | — |  |  |
Foreign currency gain | (2.2) |  |  | (0.4) |  |  |
Other (income) expense, net(2) | (5.2) |  |  | 5.2 |  |  |
Other segment items(3) | (1.3) |  |  | (1.3) |  |  |
Segment profit | $ | 5.1 |  |  | $ | 4.6 |  |  | $ | 9.7 |
Reconciliation of segment profit to loss before income tax benefit: |  |  |  |  |
Depreciation and amortization expense – COS |  |  |  |  | 6.1 |
Depreciation and amortization expense |  |  |  |  | 9.0 |
Interest expense |  |  |  |  | 8.7 |
Loss before income tax benefit |  |  |  |  | $ | (14.1) |
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $5.2 million, which eliminates between the segments on a consolidated basis.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
| Three Months Ended March 31, 2024
| North America |  | Europe/Asia |  | Consolidated
Net product revenue | $ | 26.2 |  |  | $ | 46.3 |  |  | $ | 72.5 |
Machine lease revenue | 5.7 |  |  | 7.1 |  |  | 12.8 |
Net revenue | 31.9 |  |  | 53.4 |  |  | 85.3 |
Less: |  |  |  |  |
Cost of sales excluding depreciation and amortization | 17.0 |  |  | 25.6 |  |  |
Compensation expense(1) | 12.2 |  |  | 13.3 |  |  |
Professional fees | 2.5 |  |  | 1.0 |  |  |
Stock-based compensation | 0.9 |  |  | 0.4 |  |  |
Other operating (income) expense, net | 0.9 |  |  | (0.1) |  |  |
Foreign currency gain | — |  |  | (1.4) |  |  |
Other (income) expense, net(2) | (3.6) |  |  | 3.6 |  |  |
Other segment items(3) | (1.5) |  |  | (0.9) |  |  |
Segment profit | $ | 3.5 |  |  | $ | 11.9 |  |  | $ | 15.4 |
Reconciliation of segment profit to loss before income tax benefit: |  |  |  |  |
Depreciation and amortization expense – COS |  |  |  |  | 10.4 |
Depreciation and amortization expense |  |  |  |  | 8.4 |
Interest expense |  |  |  |  | 6.2 |
Loss before income tax benefit |  |  |  |  | $ | (9.6) |
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $3.6 million, which eliminates between the segments on a consolidated basis.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
The following table presents our long-lived assets by segment:
| March 31, 2025 |  | December 31, 2024
North America | $ | 79.4 |  |  | $ | 80.1 |
Europe/Asia | 82.6 |  |  | 78.4 |
Total long-lived assets | $ | 162.0 |  |  | $ | 158.5 |
The following table presents our capital expenditures by segment:
| Three Months Ended March 31,
| 2025 |  | 2024
North America | $ | 3.0 |  |  | $ | 5.3 |
Europe/Asia | 4.5 |  |  | 4.5 |
Capital expenditures for property, plant, and equipment | $ | 7.5 |  |  | $ | 9.8 |

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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 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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