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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases |
Schedule of right-of-use asset amounts reported in consolidated balance sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | (in millions) | ​ | (in millions)
Operating Leases (1) | ​ | ​ | ​ | ​ | ​ | ​
Real Estate | ​ | $ | 45.9 | ​ | $ | 40.0
Automobile | ​ |  | 3.6 | ​ |  | 2.4
Machinery and equipment | ​ |  | 0.7 | ​ |  | 0.9
Total operating lease ROU Asset | ​ | $ | 50.2 | ​ | $ | 43.3
​ | ​ | ​ | ​ | ​ | ​ | ​
Finance Leases (2) | ​ | ​ | ​ | ​ | ​ | ​
Machinery and equipment | ​ | $ | 9.4 | ​ |  | 10.6
Automobile | ​ |  | 0.1 | ​ | ​ | 0.1
Less: Accumulated depreciation | ​ |  | (7.1) | ​ |  | (6.1)
Finance Leases, net | ​ | $ | 2.4 | ​ | $ | 4.6
(1) | Included on the Company’s consolidated balance sheet in other assets (other, net).
​
(2) | Included on the Company’s consolidated balance sheet in property, plant and equipment.
Schedule of maturity of operating and finance lease liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ |  | Operating Leases |  | Finance Leases
​ | ​ | (in millions)
2024 | ​ | $ | 11.8 | ​ | $ | 1.3
2025 | ​ |  | 10.7 | ​ |  | 0.5
2026 | ​ |  | 8.0 | ​ |  | 0.3
2027 | ​ |  | 6.2 | ​ |  | 0.2
2028 | ​ |  | 5.8 | ​ |  | 0.2
Thereafter | ​ |  | 21.6 | ​ |  | 0.1
Total undiscounted minimum lease payments | ​ | $ | 64.1 | ​ | $ | 2.6
Less imputed interest | ​ | ​ | 10.1 | ​ | ​ | 0.1
Total lease liabilities | ​ | $ | 54.0 | ​ | $ | 2.5
Included in the consolidated balance sheet | ​ | ​ | ​ | ​ | ​ | ​
Current lease liabilities (included in accrued expenses and other liabilities) | ​ |  | 10.2 | ​ |  | 1.3
Non-Current lease liabilities (included in other non-current liabilities) | ​ |  | 43.8 | ​ |  | 1.2
Total lease liabilities | ​ | $ | 54.0 | ​ | $ | 2.5
Schedule of total lease cost and cash flows related to operating and finance leases | The total lease cost consisted of the following amounts: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​ | ​ | Year Ended
​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
​ | ​ | (in millions) | ​ | ​ | (in millions)
Operating lease cost | $ | 11.8 | ​ | $ | 11.1
Amortization of finance lease right-of-use assets |  | 2.8 | ​ |  | 2.2
Interest on finance lease liabilities |  | 0.1 | ​ |  | 0.1
Short-term lease cost | ​ | 0.2 | ​ | ​ | 0.4
Sublease (income) | ​ | (0.3) | ​ | ​ | (0.2)
Variable lease cost | ​ | 5.5 | ​ | ​ | 3.2
Total lease cost | $ | 20.1 | ​ | $ | 16.8
​ The following information represents supplemental disclosure for the statement of cash flows related to operating and finance leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | (in millions) | ​ | (in millions)
Operating cash flows from operating leases | ​ | $ | 12.0 | ​ | $ | 11.1
Operating cash flows from finance leases | ​ |  | 0.1 | ​ |  | 0.1
Financing cash flows from finance leases | ​ |  | 2.9 | ​ |  | 2.4
Total cash paid for amounts included in the measurement of lease liabilities | ​ |  | 15.0 | ​ |  | 13.6
Finance lease liabilities arising from obtaining right-of-use assets | ​ | ​ | 1.3 | ​ | ​ | 3.6
Operating lease liabilities arising from obtaining right-of-use assets | ​ | ​ | 17.4 | ​ | ​ | 6.8
Schedule of additional information associated with leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
Weighted-average remaining lease term - finance leases | ​ | ​ | 2.9 | years | ​ | ​ | 1.9 | years
Weighted-average remaining lease term - operating leases | ​ |  | 7.4 | years | ​ |  | 7.9 | years
Weighted-average discount rate - finance leases | ​ |  | 3.3 | % | ​ |  | 1.9 | %
Weighted-average discount rate - operating leases | ​ |  | 4.2 | % | ​ |  | 3.4 | %
​

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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 and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References No definition available. + Details
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