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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related To Leases
Supplemental balance sheet information related to leases is as follows:
(dollars in millions)December 31, 2024December 31, 2023
Liabilities
Short term: Accrued liabilities$11.3 $11.6 
Long term: Operating lease liabilities23.5 27.9 
Total operating lease liabilities$34.8 $39.5 
Less: Rent incentives and deferrals(2.0)(2.2)
Assets
Operating lease assets$32.8 $37.3 
Lease Term and Discount RateDecember 31, 2024
Weighted-average remaining lease term7.0 years
Weighted-average discount rate4.63%
Schedule of Components of Lease Expense
The components of lease expense were as follows:
(dollars in millions)
Lease Expense(1)
ClassificationYear ended December 31, 2024Year ended December 31, 2023
Operating lease expenseCost of products sold$7.0 $5.3 
Selling, general and administrative expenses15.9 16.2 
(1)Includes short-term lease expense of $1.7 million and variable lease expenses of $6.0 million for the year ended December 31, 2024 and short-term lease expense of $1.8 million and variable lease expenses of $4.6 million for the year ended December 31, 2023, respectively.
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities were as follows:
(dollars in millions)December 31, 2024
2025$12.4 
20267.6 
20274.8 
20283.1 
20292.1 
After 202910.7 
Total lease payments40.7 
Less: Imputed interest(5.9)
Present value of operating lease liabilities$34.8