v3.25.2
EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes the Company’s stock option activity during the six months ended June 30, 2025:

StockWeightedWeighted
OptionsAverageAverageIntrinsic
OutstandingRemainingExerciseValue
(in millions)Term (in years)Price(in millions)
Outstanding at January 1, 2025
1.3 6.7$17.42 
Granted— $— 
Exercised— 
Cancelled(0.1)$18.64 
Expired— $— 
Outstanding at June 30, 2025
1.2 6.2$17.34 $— 
Exercisable at June 30, 2025
1.1 6.1$18.11 $— 
Schedule of RSU Activity
The following table summarizes the Company’s RSU activity during the six months ended June 30, 2025:
WeightedTotal Fair
AverageValue of
SharesGrant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2025
19.6 $8.70 
Granted
1.5 $5.91 
Vested
(3.3)$10.67 $16.8 
Cancelled
(1.7)$8.94 
Outstanding at June 30, 2025
16.1 $8.02 
Summary of RSUs, Valuation Assumptions The table below summarizes the assumptions used for the RSUs granted during the six months ended June 30, 2025 and 2024:
Six months ended June 30,
20252024
Risk-free interest rate
3.70% - 4.22%
4.11% - 4.57%
Expected dividend yield
5.42% - 7.37%
5.16% - 5.51%
Expected term in years
2.8 - 3.1
3.1 - 3.6
Expected volatility
49.39% - 51.08%
49.71% - 50.56%
Schedule of PSU Activity
The following table summarizes the Company’s PSU activity during the six months ended June 30, 2025:
WeightedTotal Fair
AverageValue of
Shares(1)
Grant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2025
10.9 $5.33 
Granted
— $— 
Vested
*$9.72 *
Cancelled
(0.6)$9.72 
Outstanding at June 30, 2025
10.3 $5.10 
________
(1)    The number of PSUs outstanding represent the total number of PSUs granted to each recipient eligible to vest if the Company meets its highest specified performance goals for the applicable period.

*    Represents an amount less than 0.1 or $0.1
Schedule of Stock Based Compensation
The following table summarizes stock-based compensation costs as reported by award type (in millions):
Three months ended
June 30,		Six months ended
June 30,
2025202420252024
Stock options$0.3 $0.9 $0.6 $1.7 
RSUs14.0 24.2 29.0 50.1 
PSUs3.4 (1.6)13.9 (4.1)
Total stock-based compensation costs$17.7 $23.5 $43.5 $47.7 
Schedule of Stock Based Compensation, Net of Capitalized, Amount
The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statement of comprehensive income (in millions):
Three months ended
June 30,		Six months ended
June 30,
2025202420252024
Research and development expenses$4.3 $7.8 $8.8 $15.9 
Sales and marketing expenses0.7 1.6 1.5 3.4 
General and administrative expenses12.5 13.5 32.7 27.3 
Total stock-based compensation costs, net of amounts capitalized$17.5 $22.9 $43.0 $46.6