v3.26.1
Property, plant and equipment, net
 6 Months Ended
Jun. 30, 2026
Property Plant and Equipment Income Statement Disclosures [Abstract]  
Property, plant and equipment, net Property, plant and equipment, net
Property, plant and equipment, net consisted of the following:
June 30, 2026December 31, 2025
Land and improvements$16.5 $20.7 
Buildings, building improvements and leasehold improvements140.3 160.5 
Furniture and equipment249.6 259.8 
Software62.0 61.9 
Construction-in-progress6.7 6.6 
Property, plant and equipment, gross$475.1 $509.5 
Less: Accumulated depreciation and amortization(297.1)(304.1)
Total property, plant and equipment, net$178.0 $205.4 
Property, plant and equipment, net is stated at cost, less accumulated depreciation and amortization. As of June 30, 2026 and December 31, 2025, construction-in-progress primarily included costs incurred to advance the Company’s MCM Products capabilities.
During the six months ended June 30, 2025, the Company recognized a non-cash impairment charge of $12.2 million related to certain Bioservices long-lived assets recorded during 2025. The impairment was recorded upon the determination that the assets met the criteria to be classified as held-for-sale and was reflected as “Loss on assets held-for-sale” in the Condensed Consolidated Statement of Operations. During the fourth quarter of 2025 management determined that the previously contemplated sale of the assets was no longer probable, and accordingly, the assets were reclassified back to held and used.