Quarter Ended March 31, (1) | |||||||||||||||
(in millions, except per share data) | 2021 | 2021 | |||||||||||||
GAAP |
Amortization,
stock-based compensation & other |
Legal,
acquisition and divestiture - related |
Cost
optimization plan | Non-GAAP | |||||||||||
Revenue | $ | 146.1 | $ | — | $ | — | $ | — | $ | 146.1 | |||||
Gross Profit | 64.2 | 0.1 | — | — | 64.3 | ||||||||||
Gross Profit Margin | 44.0 | % | 44.0 | % | |||||||||||
Operating expenses | 66.2 | (13.3 | ) | (0.7 | ) | (1.0 | ) | 51.2 | |||||||
Operating income (loss) | (2.0 | ) | 13.4 | 0.7 | 1.0 | 13.1 | |||||||||
Interest and other income (expense), net | 38.9 | — | (39.4 | ) | — | (0.5 | ) | ||||||||
Net income (loss) | $ | 45.2 | $ | 13.4 | $ | (37.7 | ) | $ | — | $ | 20.9 | ||||
Net income (loss) EPS - basic | $ | 0.37 | $ | 0.11 | $ | (0.31 | ) | $ | — | $ | 0.17 | ||||
Net income (loss) EPS - diluted | $ | 0.36 | $ | 0.11 | $ | (0.30 | ) | $ | — | $ | 0.17 | ||||
Weighted Average Shares - basic | 121.7 | 121.7 | |||||||||||||
Weighted Average Shares - diluted | 125.1 | 125.1 |