v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 12.5 $ 12.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 117.8 102.4
Stock-based compensation expense 18.3 11.2
Loss on debt extinguishment 0.0 5.8
Amortization of debt issuance costs 4.2 2.8
Provision for doubtful accounts 1.0 2.0
Inventory obsolescence write down 0.8 1.5
Change in deferred income taxes (5.5) (9.5)
Loss on disposal of property, plant, and equipment 0.2 0.1
Loss (gain) on foreign currency transactions 4.8 (16.9)
Amortization of inventory step-up from purchase accounting 1.3 0.0
Other 0.0 1.0
Changes in operating assets and liabilities:    
Accounts receivable (3.0) 31.4
Costs in excess of billings on uncompleted contracts (4.9) (14.2)
Inventories (13.4) (6.3)
Prepaid expenses and other current assets (6.4) (18.8)
Accounts payable 11.9 (10.9)
Accrued expenses and other current liabilities (12.4) (10.7)
Deferred contract revenue and liabilities 6.9 (6.7)
Other assets 6.2 (1.5)
Other liabilities (3.7) (4.4)
Net cash provided by operating activities 136.6 70.3
INVESTING ACTIVITIES:    
Purchases of property, plant, and equipment and badges (31.8) (26.6)
Proceeds from net investment hedge derivative contracts 0.3 2.4
Proceeds from disposal of property, plant, and equipment and badges 0.0 0.3
Acquisitions of businesses, net of cash and cash equivalents acquired (0.2) (79.9)
Net cash used in investing activities (31.7) (103.8)
FINANCING ACTIVITIES:    
Stock repurchased to satisfy tax withholding for vesting restricted stock units (4.9) (5.2)
Purchases of stock for treasury (96.8) (49.6)
Proceeds from issuance of convertible senior notes, net of bank costs 0.0 755.0
Third-party issuance costs 0.0 (0.9)
Purchases of capped calls related to convertible senior notes 0.0 (82.6)
Issuances of common stock 0.0 425.0
Common stock issuance costs 0.0 (14.9)
Term loan principal repayments 0.0 (244.6)
Financing costs 0.0 (3.1)
Proceeds from cash flow hedge derivative contracts 0.1 0.5
Other financing (0.7) (0.9)
Net cash (used in) provided by financing activities (102.3) 778.7
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6.2) 12.8
Net (decrease) increase in cash, cash equivalents, and restricted cash (3.6) 758.0
Cash, cash equivalents, and restricted cash at beginning of period 415.2 175.6
Cash, cash equivalents, and restricted cash at end of period $ 411.6 $ 933.6