v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 139.7 $ 205.4
Restricted cash 1.2 3.7
Accounts receivable, net 190.0 84.2
Inventories, net 303.6 343.4
Prepaid expenses and other current assets 25.4 25.8
Assets held-for-sale 6.1 0.0
Total current assets 666.0 662.5
Property, plant and equipment, net 178.0 205.4
Intangible assets, net 261.8 436.5
Other assets 11.0 14.2
Total assets 1,116.8 1,318.6
Current liabilities:    
Accounts payable 50.2 55.6
Accrued expenses 17.1 12.2
Accrued compensation 26.2 41.8
Deferred revenue 15.0 5.0
Current tax liability 4.4 6.8
Other current liabilities 9.9 10.8
Total current liabilities 122.8 132.2
Debt 581.8 572.1
Deferred tax liability 35.4 37.8
Other liabilities 35.4 53.9
Total liabilities 775.4 796.0
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 15.0 shares authorized, no shares issued or outstanding 0.0 0.0
Common stock, $0.001 par value per share; 200.0 shares authorized, 61.9 and 60.9 shares issued; 51.3 and 52.1 shares outstanding, respectively 0.1 0.1
Treasury stock, at cost, 10.7 and 8.7 common shares, respectively (270.5) (252.6)
Additional paid-in capital 951.8 942.4
Accumulated other comprehensive loss, net (6.8) (7.5)
Accumulated deficit (333.2) (159.8)
Total stockholders’ equity 341.4 522.6
Total liabilities and stockholders’ equity $ 1,116.8 $ 1,318.6