| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Licensing | | | | | | | | 0.9 |
| Products | | | | | | | | 143.5 |
| Royalty revenue | | | | | | | | 3.0 |
| Total revenues [+] | 667.2 | 579.8 | 520.4 | 392.8 | 408.9 | 302.2 | 215.0 | 147.5 |
| Licensing | | | | | | | | 0.9 |
| Royalties | | | | | | | | 3.0 |
| Products | | | | | | | | 143.5 |
| Revenue growth [+] | 15.1% | 11.4% | 32.5% | -3.9% | 35.3% | 40.6% | 45.8% | 59.1% |
| Licensing | | | | | | | | -63.6% |
| Products | | | | | | | | 60.2% |
| Royalty revenue | | | | | | | | 379.9% |
| Cost of goods sold | 86.7 | 68.5 | 54.4 | 16.7 | 15.4 | 15.2 | 12.0 | 8.4 |
| Gross profit | 580.5 | 511.2 | 466.0 | 376.1 | 393.5 | 287.0 | 203.0 | 139.0 |
| Gross margin | 87.0% | 88.2% | 89.6% | 95.8% | 96.2% | 95.0% | 94.4% | 94.3% |
| Selling, general and administrative | 377.2 | 304.8 | 200.7 | 153.2 | 154.7 | 137.9 | 106.0 | 89.1 |
| Research and development | 74.6 | 90.5 | 76.0 | 69.1 | 89.2 | 49.6 | 42.8 | 29.1 |
| Other operating expenses | 1.0 | 6.5 | -1.9 | | | | | |
| EBITDA [+] | 130.6 | 112.1 | 193.7 | 155.2 | 151.5 | 107.7 | 56.6 | 21.8 |
| EBITDA growth | 16.6% | -42.1% | 24.8% | 2.5% | 40.7% | 90.2% | 160.1% | -600.3% |
| EBITDA margin | 19.6% | 19.3% | 37.2% | 39.5% | 37.1% | 35.6% | 26.3% | 14.8% |
| Depreciation | 2.9 | 2.6 | 2.4 | 1.5 | 1.9 | 1.2 | 1.1 | 0.7 |
| EBITA | 127.7 | 109.5 | 191.3 | 153.8 | 149.6 | 106.4 | 55.5 | 21.0 |
| EBITA margin | 19.1% | 18.9% | 36.8% | 39.1% | 36.6% | 35.2% | 25.8% | 14.3% |
| Amortization of intangibles | 82.6 | 30.0 | 15.7 | 5.2 | 5.2 | 6.9 | 1.3 | 0.2 |
| EBIT [+] | 45.1 | 79.5 | 175.6 | 148.6 | 144.4 | 99.5 | 54.2 | 20.8 |
| EBIT growth | -43.3% | -54.7% | 18.2% | 2.9% | 45.1% | 83.6% | 160.1% | -494.9% |
| EBIT margin | 6.8% | 13.7% | 33.7% | 37.8% | 35.3% | 32.9% | 25.2% | 14.1% |
| Non-recurring items [+] | -1.0 | -6.5 | 1.9 | | | | | |
| Loss on contingent liability | -0.5 | -6.5 | 1.9 | | | | | |
| Interest expense, net [+] | | | | | -13.8 | -2.9 | -0.9 | 0.5 |
| Interest expense | 4.7 | 19.7 | 19.4 | 18.2 | 13.8 | 0.1 | 0.5 | 1.2 |
| Interest income | | | | | 13.8 | 2.9 | 1.5 | 0.7 |
| Other income (expense), net [+] | 19.3 | 6.8 | 14.4 | 17.1 | -4.3 | -1.7 | -4.8 | -5.7 |
| Gain (loss) on debt retirement | | | | | | | -0.7 | -2.3 |
| Unrealized gain/loss on derivatives | | | | | | | 0.4 | 0.2 |
| Other non-operating income | 21.7 | 10.6 | 18.7 | 21.6 | 13.8 | 2.6 | | |
| Other non-ooperating expenses | -7.1 | -23.4 | -23.8 | -22.7 | -18.1 | -1.6 | | |
| Other | 14.6 | -12.9 | -5.1 | -1.1 | -4.3 | 1.1 | | |
| Pre-tax income | 60.7 | 73.2 | 168.6 | 147.5 | 140.2 | 100.6 | 50.4 | 14.6 |
| Income taxes | 0.0 | 19.8 | 41.7 | 34.4 | 29.2 | 43.3 | -40.9 | 0.7 |
| Tax rate | 0.1% | 27.0% | 24.7% | 23.3% | 20.8% | 43.1% | | 4.6% |
| Net income | 60.7 | 53.4 | 127.0 | 113.1 | 111.0 | 57.3 | 91.2 | 13.9 |
| Net margin | 9.1% | 9.2% | 24.4% | 28.8% | 27.1% | 19.0% | 42.4% | 9.5% |
| |
| Basic EPS [+] | $1.13 | $1.01 | $2.41 | $2.16 | $2.13 | $1.13 | $1.84 | $0.29 |
| Growth | 12.4% | -58.3% | 11.9% | 1.0% | 89.2% | -38.8% | 527.9% | -213.6% |
| Diluted EPS [+] | $0.98 | $0.98 | $2.36 | $2.10 | $2.05 | $1.07 | $1.76 | $0.27 |
| Growth | 0.1% | -58.4% | 12.6% | 2.4% | 90.9% | -39.1% | 547.3% | -205.4% |
| |
| Shares outstanding (basic) [+] | 53.7 | 53.1 | 52.6 | 52.4 | 52.0 | 50.8 | 49.5 | 47.5 |
| Growth | 1.1% | 0.9% | 0.4% | 0.8% | 2.4% | 2.6% | 4.2% | 12.4% |
| Shares outstanding (diluted) [+] | 61.7 | 54.4 | 53.7 | 53.8 | 54.1 | 53.3 | 51.7 | 51.2 |
| Growth | 13.5% | 1.2% | -0.2% | -0.5% | 1.5% | 3.1% | 1.1% | 21.1% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |