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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 160.3 $ 205.4
Restricted cash 1.2 3.7
Accounts receivable, net 121.6 84.2
Inventories, net 327.6 343.4
Prepaid expenses and other current assets 26.9 25.8
Total current assets 637.6 662.5
Property, plant and equipment, net 199.4 205.4
Intangible assets, net 470.4 436.5
Other assets 13.0 14.2
Total assets 1,320.4 1,318.6
Current liabilities:    
Accounts payable 39.5 55.6
Accrued expenses 9.4 12.2
Accrued compensation 22.0 41.8
Accrued acquisition obligation 50.4 0.0
Deferred revenue 12.2 5.0
Current tax liability 7.2 6.8
Other current liabilities 8.0 10.8
Total current liabilities 148.7 132.2
Debt 573.6 572.1
Deferred tax liability 33.3 37.8
Other liabilities 41.7 53.9
Total liabilities 797.3 796.0
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, 61.4 and 60.9 shares issued; 51.8 and 52.1 shares outstanding, respectively 0.1 0.1
Treasury stock, at cost, 9.6 and 8.7 common shares, respectively (261.6) (252.6)
Additional paid-in capital 944.5 942.4
Accumulated other comprehensive loss, net (6.9) (7.5)
Accumulated deficit (153.0) (159.8)
Total stockholders’ equity 523.1 522.6
Total liabilities and stockholders’ equity $ 1,320.4 $ 1,318.6