Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
REVENUES        
Total Revenues $ 280.1 $ 262.5 $ 802.6 $ 739.8
Cost of Revenues 161.0 165.8 467.3 482.4
GROSS PROFIT 119.1 96.7 335.3 257.4
OPERATING EXPENSE        
Selling and marketing 17.7 14.5 49.2 42.2
General and administrative 34.9 28.4 104.3 86.3
Operating Expenses 52.6 42.9 153.5 128.5
INCOME FROM OPERATIONS 66.5 53.8 181.8 128.9
Interest expense (14.5) (11.0) (45.3) (28.6)
Loss on extinguishment and modification of debt (3.9) 0.0 (3.9) 0.0
Other income (expense) 1.3 0.2 1.1 (0.3)
INCOME BEFORE TAXES 49.4 43.0 133.7 100.0
Provision for Income Taxes 12.4 10.6 33.7 25.0
NET INCOME 37.0 32.4 100.0 75.0
Other Comprehensive Loss (1.7) (3.0) (0.4) (6.9)
COMPREHENSIVE INCOME 35.3 29.4 99.6 68.1
Net income attributable to common stockholders, basic 37.0 32.4 100.0 75.0
Net income attributable to common stockholders, diluted $ 37.0 $ 32.4 $ 100.0 $ 75.0
Weighted-average shares outstanding, basic and diluted (Note 12)        
Basic (in shares) 146,827,175 146,639,452 146,765,567 146,592,296
Diluted (in shares) 146,993,865 146,717,917 146,839,308 146,671,509
Net income per share, basic and diluted (Note 12)        
Basic (in dollars per share) $ 0.25 $ 0.22 $ 0.68 $ 0.51
Diluted (in dollars per share) $ 0.25 $ 0.22 $ 0.68 $ 0.51
Product revenues        
REVENUES        
Total Revenues $ 237.8 $ 233.7 $ 686.0 $ 654.5
Cost of Revenues 129.7 144.7 380.4 418.8
Service revenues        
REVENUES        
Total Revenues 42.3 28.8 116.6 85.3
Cost of Revenues $ 31.3 $ 21.1 $ 86.9 $ 63.6