v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present segment operating results by reportable segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
North AmericaEurope/AsiaConsolidatedNorth AmericaEurope/AsiaConsolidated
Net product revenue$36.5 $49.9 $86.4 $69.6 $98.6 $168.2 
Machine lease revenue9.4 9.4 18.8 18.8 19.4 38.2 
Net revenue45.9 59.3 105.2 88.4 118.0 206.4 
Less:
Cost of sales excluding depreciation and amortization30.5 33.0 58.6 63.4 
Compensation expense(1)
12.5 15.1 25.8 30.8 
Professional fees2.0 1.0 4.0 2.0 
Stock-based compensation0.9 0.3 2.1 0.4 
Other operating expense, net— 0.7 0.2 1.0 
Foreign currency (gain) loss(0.5)0.7 (3.1)4.6 
Other (income) expense, net(2)
(4.9)5.0 (9.9)10.0 
Other segment items(3)
(1.2)(3.0)(2.7)(5.6)
Segment profit$6.6 $6.5 $13.1 $13.4 $11.4 $24.8 
Reconciliation of segment profit to loss before income tax benefit:
Depreciation and amortization expense – COS7.2 15.0 
Depreciation and amortization expense8.6 17.6 
Interest expense8.1 16.7 
Loss before income tax benefit$(10.8)$(24.5)
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $4.9 million and $9.9 million for the three and six months ended June 30, 2026, respectively, which eliminates between the segments on a consolidated basis.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
North AmericaEurope/AsiaConsolidatedNorth AmericaEurope/AsiaConsolidated
Net product revenue$35.7 $42.1 $77.8 $71.9 $83.5 $155.4 
Machine lease revenue6.6 7.9 14.5 13.0 15.1 28.1 
Net revenue42.3 50.0 92.3 84.9 98.6 183.5 
Less:
Cost of sales excluding depreciation and amortization28.3 27.1 56.5 53.1 
Compensation expense(1)
12.6 13.9 25.9 27.0 
Professional fees2.4 0.9 4.5 1.8 
Stock-based compensation1.5 0.5 3.1 1.0 
Other operating expense, net0.6 0.4 1.6 0.4 
Foreign currency loss (gain)8.8 (11.4)6.6 (11.8)
Other (income) expense, net(2)
(13.5)7.6 (18.7)12.8 
Other segment items(3)
(1.5)(1.5)(2.7)(2.9)
Segment profit$3.1 $12.5 $15.6 $8.1 $17.2 $25.3 
Reconciliation of segment profit to loss before income tax benefit:
Depreciation and amortization expense – COS8.0 14.1 
Depreciation and amortization expense8.8 17.8 
Interest expense8.3 17.0 
Loss before income tax benefit$(9.5)$(23.6)
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $7.6 million and $12.8 million for the three and six months ended June 30, 2025, respectively, which eliminates between the segments on a consolidated basis. North America also includes a $5.8 million gain on our investment in Pickle.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
The following table presents our long-lived assets by segment:
 June 30, 2026December 31, 2025
North America$70.3 $73.7 
Europe/Asia83.1 89.0 
Total long-lived assets$153.4 $162.7 
The following table presents our capital expenditures by segment:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
North America$2.8 $4.5 $7.1 $7.5 
Europe/Asia3.8 5.3 7.8 9.8 
Capital expenditures for property, plant, and equipment$6.6 $9.8 $14.9 $17.3