v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2024 $ 1,342.7 $ 1.1 $ 720.9 $ 689.8 $ (69.1)
Beginning balance (in shares) at Dec. 31, 2024   106,800,000      
Ending balance at Mar. 31, 2025 1,372.4 $ 1.1 720.4 715.6 (64.7)
Ending balance (in shares) at Mar. 31, 2025   107,300,000      
Beginning balance at Dec. 31, 2024 1,342.7 $ 1.1 720.9 689.8 (69.1)
Beginning balance (in shares) at Dec. 31, 2024   106,800,000      
Increase (Decrease) in Stockholders' Equity          
Net income 70.3     70.3  
Other comprehensive income (loss) 32.0       32.0
Issuance of common stock under stock plans 2.9   2.9    
Issuance of common stock under stock plans (in shares)   1,100,000      
Surrender of RSUs for taxes (6.5)   (6.5)    
Surrender of RSUs for taxes (in shares)   (300,000)      
Stock-based compensation expense 5.8   5.8    
Repurchase and retirement of common stock (9.4)   (9.4)    
Repurchase and retirement of common stock (in shares)   (400,000)      
Dividends on preferred stock (22.2)     (22.2)  
Ending balance at Jun. 30, 2025 1,415.6 $ 1.1 713.7 737.9 (37.1)
Ending balance (in shares) at Jun. 30, 2025   107,200,000      
Beginning balance at Mar. 31, 2025 1,372.4 $ 1.1 720.4 715.6 (64.7)
Beginning balance (in shares) at Mar. 31, 2025   107,300,000      
Increase (Decrease) in Stockholders' Equity          
Net income 33.4     33.4  
Other comprehensive income (loss) 27.6       27.6
Issuance of common stock under stock plans 0.8   0.8    
Issuance of common stock under stock plans (in shares)   400,000      
Surrender of RSUs for taxes (2.3)   (2.3)    
Surrender of RSUs for taxes (in shares)   (100,000)      
Stock-based compensation expense 4.1   4.1    
Repurchase and retirement of common stock (9.3)   (9.3)    
Repurchase and retirement of common stock (in shares)   (400,000)      
Dividends on preferred stock (11.1)     (11.1)  
Ending balance at Jun. 30, 2025 1,415.6 $ 1.1 713.7 737.9 (37.1)
Ending balance (in shares) at Jun. 30, 2025   107,200,000      
Beginning balance at Dec. 31, 2025 $ 1,240.7 $ 1.1 692.8 586.7 (39.9)
Beginning balance (in shares) at Dec. 31, 2025 106,175,229 106,200,000      
Increase (Decrease) in Stockholders' Equity          
Net income $ 93.2     93.2  
Other comprehensive income (loss) (17.4)       (17.4)
Issuance of common stock under stock plans 9.9   9.9    
Issuance of common stock under stock plans (in shares)   1,500,000      
Surrender of RSUs for taxes (9.4)   (9.4)    
Surrender of RSUs for taxes (in shares)   (300,000)      
Stock-based compensation expense 17.9   17.9    
Repurchase and retirement of common stock (48.2)   (48.2)    
Repurchase and retirement of common stock (in shares)   (1,600,000)      
Dividends on preferred stock (5.3)   3.3 (8.6)  
Dividends on preferred stock (in shares)   200,000      
Conversion of Series A convertible preferred stock into common stock 289.8 $ 0.1 289.7    
Conversion of Series A convertible preferred stock into common stock (in shares)   16,900,000      
Ending balance at Jun. 30, 2026 $ 1,571.2 $ 1.2 956.0 671.3 (57.3)
Ending balance (in shares) at Jun. 30, 2026 122,930,643 122,900,000      
Beginning balance at Mar. 31, 2026 $ 1,253.6 $ 1.1 669.9 630.3 (47.7)
Beginning balance (in shares) at Mar. 31, 2026   106,000,000.0      
Increase (Decrease) in Stockholders' Equity          
Net income 44.3     44.3  
Other comprehensive income (loss) (9.6)       (9.6)
Issuance of common stock under stock plans 6.6   6.6    
Issuance of common stock under stock plans (in shares)   400,000      
Surrender of RSUs for taxes (0.2)   (0.2)    
Stock-based compensation expense 8.5   8.5    
Repurchase and retirement of common stock (21.8)   (21.8)    
Repurchase and retirement of common stock (in shares)   (600,000)      
Dividends on preferred stock 0.0   3.3 (3.3)  
Dividends on preferred stock (in shares)   200,000      
Conversion of Series A convertible preferred stock into common stock 289.8 $ 0.1 289.7    
Conversion of Series A convertible preferred stock into common stock (in shares)   16,900,000      
Ending balance at Jun. 30, 2026 $ 1,571.2 $ 1.2 $ 956.0 $ 671.3 $ (57.3)
Ending balance (in shares) at Jun. 30, 2026 122,930,643 122,900,000