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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues:        
Net revenues $ 589.8 $ 462.5 $ 1,669.8 $ 1,400.1
Cost of revenues:        
Cost of revenues 327.8 257.5 921.9 786.0
Gross profit 262.0 205.0 747.9 614.1
Research and development 42.5 41.7 127.7 122.3
Selling, general and administrative 87.0 82.1 260.3 247.8
Acquisition and integration costs 0.5 2.1 3.4 35.5
Restructuring and other 3.1 1.5 6.8 4.7
Amortization of intangible assets 12.5 17.0 42.6 50.3
Asset impairment     1.2  
COVID-19 related net credits     (1.2)  
Fees and expenses related to repricing of Term Loan   0.6   6.5
Gain on sale of long-lived assets   (6.8)   (6.8)
Income from operations 116.4 66.8 307.1 153.8
Interest income 0.1 1.2 1.1 4.3
Interest expense 6.6 13.5 22.7 35.3
Other expense (income), net 1.1 (0.9) 3.0 0.2
Income before income taxes 108.8 55.4 282.5 122.6
Provision for income taxes 17.1 8.0 48.0 25.0
Net income 91.7 47.4 234.5 97.6
Other comprehensive income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges (0.6) (0.8) (7.7) (8.6)
Foreign currency translation adjustments 17.1 (14.5) 12.1 (18.2)
Net actuarial gain on pension and post-retirement benefits 0.1 0.1 0.1 0.1
Unrealized gain (loss) on investments     0.2 (0.1)
Total comprehensive income $ 108.3 $ 32.2 $ 239.2 $ 70.8
Net income per share:        
Basic $ 1.66 $ 0.86 $ 4.26 $ 1.79
Diluted $ 1.66 $ 0.86 $ 4.24 $ 1.77
Weighted average common shares outstanding:        
Basic 55,173,000 54,945,000 55,060,000 54,636,000
Diluted 55,399,000 55,204,000 55,301,000 55,045,000
Products [Member]        
Net revenues:        
Net revenues $ 506.8 $ 386.2 $ 1,441.0 $ 1,184.9
Cost of revenues:        
Cost of revenues 280.7 216.3 794.8 672.2
Services [Member]        
Net revenues:        
Net revenues 83.0 76.3 228.8 215.2
Cost of revenues:        
Cost of revenues $ 47.1 $ 41.2 $ 127.1 $ 113.8