v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Stockholders' equity consists of the following (in millions):
Common stock (1)Additional paid-in capitalRetained deficitAccumulated other comprehensive lossTotal stockholders’ equity
Balance at December 31, 2024$1.7 $2,828.2 $(1,168.7)$(74.4)$1,586.8 
Total comprehensive income— — 43.6 (0.2)43.4 
Stock-based compensation expense— 10.5 — — 10.5 
Proceeds from exercise of stock options and ESPP contributions— 1.1 — — 1.1 
Taxes withheld and paid on employees' share-based payment awards— (0.5)— — (0.5)
Repurchase of common stock— — (78.0)— (78.0)
Common stock dividends ($0.09 per share)
— (15.3)— — (15.3)
Balance at March 31, 2025$1.7 $2,824.0 $(1,203.1)$(74.6)$1,548.0 
Total comprehensive income— — 50.5 4.9 55.4 
Stock-based compensation expense— 9.0 — — 9.0 
Proceeds from exercise of stock options and ESPP contributions— 1.3 — — 1.3 
Repurchase of common stock— — (32.9)— (32.9)
Common stock dividends ($0.09 per share)
— (16.4)— — (16.4)
Balance at June 30, 2025$1.7 $2,817.9 $(1,185.5)$(69.7)$1,564.4 
Common stock (1)Additional
paid-in
capital		Retained
deficit		Accumulated
other
comprehensive
loss		Total
stockholders’
equity
Balance at December 31, 2025$1.7 $2,810.0 $(1,131.7)$(76.7)$1,603.3 
Total comprehensive income— — 58.9 (1.6)57.3 
Stock-based compensation expense— 11.7 — — 11.7 
Proceeds from exercise of stock options and ESPP contributions— 2.5 — — 2.5 
Repurchase of common stock— — (50.0)— (50.0)
Common stock dividends ($0.11 per share)
— (18.0)— — (18.0)
Balance at March 31, 2026$1.7 $2,806.2 $(1,122.8)$(78.3)$1,606.8 
Total comprehensive income— — 113.3 (2.5)110.8 
Stock-based compensation expense— 9.2 — — 9.2 
Proceeds from exercise of stock options and ESPP contributions— 1.0 — — 1.0 
Repurchase of common stock— — (50.1)— (50.1)
Common stock dividends ($0.11 per share)
— (18.6)— — (18.6)
Balance at June 30, 2026$1.7 $2,797.8 $(1,059.6)$(80.8)$1,659.1 
(1)During the three and six months ended June 30, 2026, the Company issued 60,468 and 1,158,270 shares of common stock, upon the exercise of stock options, vesting of restricted stock units and performance stock units, and for other common stock issuances, respectively. During the three and six months ended June 30, 2025, the Company issued 109,796 and 597,933 shares of common stock, upon the exercise of stock options, vesting of restricted stock units and performance stock units, and for other common stock issuances, respectively.
Share Repurchase Program
During fiscal 2015, the Company's Board of Directors approved a common stock repurchase program (the "Repurchase Program") authorizing the repurchase of the Company's common stock from time to time on the open market or in privately negotiated transactions. Since putting the Repurchase Program in place, the most recent Board of Directors approval was on October 28, 2025, when the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board of Directors. During the three months ended June 30, 2026, the Company repurchased 1,028,534 shares of common stock at a total cost of $49.6 million at an average price of $48.26 per share. During the six months ended June 30, 2026, the Company repurchased 2,075,825 shares of common stock at a total cost of $99.6 million at an average price of $47.98 per share. During the three months ended, June 30, 2025, the Company repurchased 972,619 shares of common stock at a total cost of $32.5 million at an average price of $33.41 per share. During the six months ended June 30, 2025, the Company
repurchased 3,244,641 shares of common stock at a total cost of $109.9 million at an average price of $33.87 per share. The repurchased shares were canceled by the Company upon receipt. Approximately $382.5 million of the existing authority remained under the Repurchase Program at June 30, 2026.