XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Total revenue $ 370.9 $ 343.9 $ 742.9 $ 683.5
Cost of goods sold 137.6 136.6 275.6 269.6
Gross profit 233.3 207.3 467.3 413.9
Operating expenses:        
Selling, general and administrative 138.9 126.3 258.3 242.0
Research and development 29.9 39.1 63.8 76.8
Litigation settlements 0.0 0.0 2.7 0.0
Total operating expenses 168.8 165.4 324.8 318.8
Operating income 64.5 41.9 142.5 95.1
Non-operating loss (9.1) (11.1) (18.8) (22.7)
Income from continuing operations before provision for income taxes 55.4 30.8 123.7 72.4
Provision for income taxes 10.5 6.0 31.6 15.5
Net income from continuing operations, net of tax 44.9 24.8 92.1 56.9
Net income (loss) from discontinued operations, net of tax - (Note 18) 6.4 (8.8) (211.5) (22.0)
Net income (loss) $ 51.3 $ 16.0 $ (119.4) $ 34.9
Net income (loss) per share:        
Basic income per share - continuing operations (in dollars per share) $ 0.83 $ 0.47 $ 1.70 $ 1.07
Basic income (loss) per share - discontinued operations (in dollars per share) 0.12 (0.17) (3.91) (0.41)
Basic income (loss) income per share (in dollars per share) 0.95 0.30 (2.21) 0.66
Diluted income per share - continuing operations (in dollars per share) 0.82 0.46 1.68 1.05
Diluted income (loss) per share - discontinued operations (in dollars per share) 0.12 (0.16) (3.85) (0.41)
Diluted income (loss) income per share (in dollars per share) $ 0.94 $ 0.30 $ (2.17) $ 0.64
Weighted-average shares used in per share calculations:        
Basic (in shares) 54.3 53.1 54.1 53.1
Diluted (in shares) 54.8 54.3 54.9 54.3
Nonrelated Party        
Total revenue $ 345.1 $ 318.8 $ 685.3 $ 627.8
Related Party        
Total revenue $ 25.8 $ 25.1 $ 57.6 $ 55.7