| (1) | Amounts in table may not foot due to rounding |
| (2) | Calculated as non-GAAP gross profit as a percentage of total revenue. |
| Six Months Ended June 30, | ||||||||||||
| (in thousands) | 2024 | 2023 | ||||||||||
|
Gross
Profit |
Gross Profit
Margin |
Gross
Profit |
Gross Profit
Margin | |||||||||
| GAAP | $ | 88.0 | 40.7 | % | 97.1 | 38.9 | % | |||||
| Amortization expense included in Cost of sales | 0.5 | — | ||||||||||
| Severance accrual adjustment | (1.0 | ) | — | |||||||||
| Non-GAAP(2) | $ | 87.5 | 40.5 | % | $ | 97.1 | 38.9 | % | ||||
| (1) | Amounts in table may not foot due to rounding |
| (2) | Calculated as non-GAAP gross profit as a percentage of total revenue. |
Non-GAAP Operating Expense
(1)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||
| Operating expense | $ | 73.5 | $ | 81.7 | $ | 154.3 | $ | 162.2 | |||||||
| Amortization expense | (2.3 | ) | (3.3 | ) | (4.4 | ) | (6.5 | ) | |||||||
| Stock-based compensation expense | (3.4 | ) | (8.0 | ) | (11.6 | ) | (18.3 | ) | |||||||
| Acquisition and divestiture-related expense | (0.2 | ) | (1.5 | ) | (0.2 | ) | (4.2 | ) | |||||||
| Legal and other expense | (2.3 | ) | (2.7 | ) | (6.6 | ) | (2.7 | ) | |||||||
| Restructuring expense | (1.1 | ) | (4.1 | ) | (1.1 | ) | (5.8 | ) | |||||||
| Non-GAAP operating expense | $ | 64.2 | $ | 62.1 | $ | 130.4 | $ | 124.7 | |||||||
