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Commitments and Contingencies Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2025
Commitments and Contingencies [Abstract] |
Summary of Maturities of Lease Liabilities | The following is a summary of our maturities of our lease liabilities as of March 31, 2025:
(in millions) |
Year ending December 31, | Operating Leases
Remainder of 2025 | $ | 1.8 |
2026 | 0.6 |
2027 | 0.2 |
2028 | — |
2029 | — |
Thereafter | — |
Discount for time value | (0.1) |
Lease liability as of March 31, 2025 (1) | $ | 2.5 |
(1)In June 2024, the company entered into a new corporate headquarters operating lease with future minimum payments in aggregate of approximately $29.6 million. As of March 31, 2025, this lease has not commenced and is not reflected on our condensed consolidated balance sheets. This lease is expected to commence in the fourth quarter of fiscal year 2025 with a lease term of 12 years.

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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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