Acquisitions (Tables)

3 Months Ended

Mar. 31, 2024

Business Acquisition [Line Items]

Schedule of Pro Forma Financial Statements

The pro forma adjustments are based upon currently available information and certain assumptions that the Company believes are reasonable under the circumstances.

	March 31, 2023							March 31, 2024
	Before Adjustments		Pro forma Adjustments			After Adjustments		Before Adjustments		Pro forma Adjustments			After Adjustments
Revenue	$	690.3	$	—		$	690.3	$	722.9	$	—		$	722.9
Net (loss) income	$	74.4	$	(3.0	)	$	71.4	$	47.0	$	(1.1	)	$	45.9

2024 Acquisitions

Business Acquisition [Line Items]

Schedule of Components and Fair Value Allocation of the Consideration Transferred in Connection with Acquisitions

The following table reflects the consideration transferred and the respective reportable segment for certain of the 2024 acquisitions (in millions):

	Chemspeed Technologies AG			Spectral Instruments Imaging LLC			Nion, LLC			Other			Total
Segment	BSI BBIO			BSI BBIO			BSI NANO			Various
Consideration Transferred:
Cash paid	$	175.4		$	29.0		$	37.4		$	39.8		$	281.6
Cash acquired		(0.6	)		(1.5	)		(5.0	)		(1.1	)		(8.2	)
Fair value of contingent consideration		—			0.9			10.5			2.0			13.4
Working capital adjustment		—			0.9			(0.3	)		1.2			1.8
Total consideration transferred, net of cash acquired	$	174.8		$	29.3		$	42.6		$	41.9		$	288.6
Allocation of Consideration Transferred:
Accounts receivable	$	6.1		$	1.5		$	0.3		$	1.1		$	9.0
Inventories		34.4			3.4			23.2			2.8			63.8
Other current assets		1.4			—			—			1.1			2.5
Property, plant and equipment		1.8			—			0.5			0.4			2.7
Other assets		17.3			0.9			2.2			6.7			27.1
Intangible assets:
Technology		29.7			9.0			9.2			15.4			63.3
Customer relationships		54.5			2.5			2.6			0.6			60.2
Backlog		8.4			—			4.9			—			13.3
Trade name		4.9			0.3			1.1			0.8			7.1
Goodwill		118.7			14.1			27.1			23.2			183.1
Liabilities assumed		(102.4	)		(2.4	)		(28.5	)		(10.2	)		(143.5	)
Total consideration allocated	$	174.8		$	29.3		$	42.6		$	41.9		$	288.6

2023 Acquisitions

Business Acquisition [Line Items]

Schedule of Components and Fair Value Allocation of the Consideration Transferred in Connection with Acquisitions

The following table reflects the consideration transferred and the reportable segment for acquisition (in millions):

	Biognosys, AG
Segment	BSI CALID
Consideration Transferred:
Cash paid	$	73.6
Cash acquired		(9.5	)
Holdback		0.2
Fair value of redeemable noncontrolling interest - other shareholders		2.5
Total consideration transferred	$	66.8
Allocation of Consideration Transferred:
Accounts receivable	$	3.6
Inventories		0.4
Other current assets		0.9
Property, plant and equipment		8.0
Other assets		4.3
Intangible assets:
Technology		10.2
Customer relationships		13.8
Backlog		0.8
Trade name		2.7
Goodwill		47.5
Liabilities assumed (a)		(25.4	)
Total consideration allocated	$	66.8

Other 2024 Acquisitions

Business Acquisition [Line Items]

Schedule of Consideration Transferred and the Respective Reporting Segment for Each Acquisition

Name of Acquisition	Date Acquired	Segment	Total Consideration, net of Cash Acquired		Cash Consideration
Phasefocus Holdings Limited	March 1, 2024	BSI NANO	$	6.3	$	6.4
Nanophoton Corporation	February 5, 2024	BSI CALID	$	13.3	$	10.8
Tornado Spectral Systems, Inc.	January 1, 2024	BSI CALID	$	22.3	$	22.6
			$	41.9	$	39.8

2024 Minority and Equity-method investments

During the three months ended March 31, 2024, the Company also completed a minority investment. The investment is accounted for under the alternative measurement, and as such, the investment value also represents the carrying value at March 31, 2024. The following table reflects the consideration transferred for the investments (in millions):

Name	Financial Statement Classification	Date Acquired	Total Consideration		Cash Consideration
Other Investments	Other long-term assets	February 22, 2024	$	10.0	$	10.0
			$	10.0	$	10.0

Other 2023 Acquisitions

Business Acquisition [Line Items]

Schedule of Consideration Transferred and the Respective Reporting Segment for Each Acquisition

In the three months ended March 31, 2023, the Company acquired various other businesses which were accounted for under the acquisition method that complemented the Company’s existing product offerings. The following table reflects the consideration transferred and the respective reporting segment for the acquisitions (in millions):

Name of Acquisition	Date Acquired	Segment	Total Consideration		Cash Consideration
Acquifer Imaging GmbH and Deltabyte GmbH	January 4, 2023	BSI NANO	$	7.6	$	7.6
Other majority owned acquisitions	Various	BSI CALID		19.1		12.2
			$	26.7	$	19.8

2023 Minority and Equity-method investments

During the three months ended March 31, 2023, the Company also completed minority investments that complemented the Company's existing product offerings. The following table reflects the consideration transferred and the respective reporting segment for the investments (in millions):

Name	Acquisition / Investment	Financial Statement Classification	Date Acquired	Total Consideration		Cash Consideration
Other Investments	Investment	Other long-term assets	Various	$	8.2	$	8.2
				$	8.2	$	8.2