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Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Schedule of ROU Assets and Operating Lease Liabilities | As of September 30, 2023, lease assets and lease liabilities were included in the following consolidated balance sheet accounts in the amounts shown:
(in millions) | September 30, 2023 |  | December 31, 2022
Operating leases: |  |  |
Operating lease asset: |  |  |
Other assets | $ | 28.5 |  |  | $ | 26.0 |
Operating lease liabilities: |  |  |
Accrued expenses and other current liabilities | $ | 3.3 |  |  | $ | 3.6 |
Other liabilities | 30.2 |  |  | 27.4 |
Total operating lease liabilities | $ | 33.5 |  |  | $ | 31.0 |
Finance leases: |  |  |
Finance lease assets: |  |  |
Property, plant and equipment, net | $ | 37.1 |  |  | $ | — |
Finance lease liabilities: |  |  |
Current portion of long-term debt and finance leases | $ | 22.1 |  |  | $ | — |
As of September 30, 2023, the weighted-average remaining lease term and weighted-average discount rate for leases were as follows:
| Operating Leases |  | Finance Leases
Weighted average remaining lease term | 12.5 years |  | 1 year
Weighted-average discount rate used to determine the operating lease liability | 7.1 | % |  | 6.0 | %
Schedule of Lease Cost | The Company’s operating and financing lease cost was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | $ | 2.3 |  |  | $ | 2.6 |  |  | $ | 6.4 |  |  | $ | 6.5 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of leased assets | 0.2 |  |  | — |  |  | 0.2 |  |  | — |
Interest on lease liabilities | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Total finance lease cost | 0.5 |  |  | — |  |  | 0.5 |  |  | — |
Total operating and financing lease cost | $ | 2.8 |  |  | $ | 2.6 |  |  | $ | 6.9 |  |  | $ | 6.5 |
Supplemental cash flow information related to leases is as follows:
| Nine Months Ended September 30,
(in millions) | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows for operating leases | $ | 4.3 |  |  | $ | 3.3 |
Schedule of Operating Lease Maturity | Maturities of lease liabilities as of September 30, 2023 are as follows:
(in millions) |  |  |
Years Ending December 31, | Operating Leases |  | Finance Lease (1)
2023 | $ | 1.3 |  |  | $ | — |
2024 | 5.6 |  |  | 23.2 |
2025 | 4.6 |  |  | — |
2026 | 2.8 |  |  | — |
2027 | 2.8 |  |  | — |
Thereafter | 36.7 |  |  | — |
Total future minimum lease payments | 53.8 |  |  | 23.2 |
Less: imputed interest | (20.3) |  |  | (1.1) |
Present value of future minimum lease payments | $ | 33.5 |  |  | $ | 22.1 |
(1) Excludes optional variable lease payments.
Schedule of Finance Leases Maturity | Maturities of lease liabilities as of September 30, 2023 are as follows:
(in millions) |  |  |
Years Ending December 31, | Operating Leases |  | Finance Lease (1)
2023 | $ | 1.3 |  |  | $ | — |
2024 | 5.6 |  |  | 23.2 |
2025 | 4.6 |  |  | — |
2026 | 2.8 |  |  | — |
2027 | 2.8 |  |  | — |
Thereafter | 36.7 |  |  | — |
Total future minimum lease payments | 53.8 |  |  | 23.2 |
Less: imputed interest | (20.3) |  |  | (1.1) |
Present value of future minimum lease payments | $ | 33.5 |  |  | $ | 22.1 |
(1) Excludes optional variable lease payments.

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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