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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 140.9 $ 254.7 $ 363.1 $ 555.1
Operating expenses:        
Cost of product and services sales, net [1] 66.9 296.1 155.4 440.7
Research and development 12.5 32.7 27.6 47.8
Selling, general and administrative 43.7 85.9 96.1 170.6
Amortization of intangible assets 16.2 16.3 32.5 32.5
Impairment of long-lived assets 0.0 27.2 0.0 27.2
Total operating expenses 139.3 458.2 311.6 718.8
Income (loss) from operations 1.6 (203.5) 51.5 (163.7)
Other income (expense):        
Interest expense (14.7) (23.6) (29.4) (47.9)
Loss on assets held for sale 0.0 (40.0) (12.2) (40.0)
Other, net (3.7) (2.7) 66.0 (6.1)
Total other income (expense), net (18.4) (66.3) 24.4 (94.0)
Income (loss) before income taxes (16.8) (269.8) 75.9 (257.7)
Income tax provision (benefit) (4.8) 13.3 19.9 16.4
Net income (loss) $ (12.0) $ (283.1) $ 56.0 $ (274.1)
Earnings (loss) per common share        
Basic (in dollars per share) $ (0.22) $ (5.38) $ 1.03 $ (5.23)
Diluted (in dollars per share) $ (0.22) $ (5.38) $ 0.99 $ (5.23)
Weighted average shares outstanding        
Basic (in shares) 54.2 52.6 54.3 52.4
Diluted (in shares) 54.2 52.6 56.7 52.4
Product and services sales, net        
Revenues:        
Total revenues $ 130.3 $ 248.1 $ 339.4 $ 540.5
Contracts and grants        
Revenues:        
Total revenues $ 10.6 $ 6.6 $ 23.7 $ 14.6
[1]
(1) Exclusive of intangible asset amortization