XML 53 R37.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Cost | The components of lease expense were as follows:
| Year Ended |
| December 31, 2024 |  | December 31, 2023 |
Operating lease cost (1) | $ | 16.5 |  |  | $ | 15.7 |  |
Variable lease cost | 0.4 |  |  | 0.4 |  |
Finance lease cost: |  |  |  |
Amortization of right-of-use assets | $ | 0.4 |  |  | $ | 0.5 |  |
Interest on lease liabilities | — |  |  | — |  |
Total finance lease cost | $ | 0.4 |  |  | $ | 0.5 |  |
__________________________ (1) Includes short-term lease cost of $2.9 and $3.5, for the years ended December 31, 2024 and 2023, respectively. Supplemental cash flow information related to leases is as follows:
| Year Ended
| December 31, 2024 |  | December 31, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows used in operating leases | $ | 13.5 |  |  | $ | 12.1 |
Operating cash flows from finance leases | — |  |  | — |
Financing cash flows used in finance leases | 0.4 |  |  | 0.5 |
Non-cash activities: |  |  |
Operating lease right-of-use assets obtained in exchange for new lease obligations | 27.7 |  |  | 6.3 |
Finance lease right-of-use assets obtained in exchange for new lease obligations | 1.1 |  |  | 0.3 |
Schedule of Supplemental Lease Information | Supplemental balance sheet information related to leases was as follows:
| December 31, |
| 2024 |  | 2023 |
Operating Leases: |  |  |  | Affected Line Item in the Consolidated Balance Sheets
Operating lease ROU assets | $ | 57.9 |  |  | $ | 42.4 |  | Other assets
Operating lease current liabilities | $ | 11.1 |  |  | $ | 11.3 |  | Accrued expenses
Operating lease non-current liabilities | 44.5 |  |  | 28.5 |  | Other long-term liabilities
Total operating lease liabilities | $ | 55.6 |  |  | $ | 39.8 |  |
Finance Leases: |  |  |  |
Finance lease assets | $ | 1.2 |  |  | $ | 0.5 |  | Property, plant and equipment, net
Finance lease current liabilities | $ | 0.3 |  |  | $ | 0.3 |  | Current maturities of long-term debt
Finance lease non-current liabilities | 0.9 |  |  | 0.2 |  | Long-term debt
Total finance lease liabilities | $ | 1.2 |  |  | $ | 0.5 |  |
The weighted-average remaining lease terms (years) of our leases as of December 31, 2024 and December 31, 2023, were as follows:
| December 31,
| 2024 |  | 2023
Operating Leases | 5.8 |  | 5.5
Finance Leases | 3.3 |  | 1.9
Schedule of Finance Lease Maturities | The future minimum payments under our operating and finance leases were as follows as of December 31, 2024:
| Operating Leases |  | Finance Leases |  | Total
Next 12 months | $ | 13.2 |  |  | $ | 0.3 |  |  | $ | 13.5 |
12 to 24 months | 11.9 |  |  | 0.4 |  |  | 12.3 |
24 to 36 months | 11.2 |  |  | 0.3 |  |  | 11.5 |
36 to 48 months | 10.3 |  |  | 0.2 |  |  | 10.5 |
48 to 60 months | 8.9 |  |  | 0.1 |  |  | 9.0 |
Thereafter | 7.4 |  |  | — |  |  | 7.4 |
Total lease payments | 62.9 |  |  | 1.3 |  |  | 64.2 |
Less imputed interest | 7.3 |  |  | 0.1 |  |  | 7.4 |
Total | $ | 55.6 |  |  | $ | 1.2 |  |  | $ | 56.8 |
Schedule of Operating Lease Maturities | The future minimum payments under our operating and finance leases were as follows as of December 31, 2024:
| Operating Leases |  | Finance Leases |  | Total
Next 12 months | $ | 13.2 |  |  | $ | 0.3 |  |  | $ | 13.5 |
12 to 24 months | 11.9 |  |  | 0.4 |  |  | 12.3 |
24 to 36 months | 11.2 |  |  | 0.3 |  |  | 11.5 |
36 to 48 months | 10.3 |  |  | 0.2 |  |  | 10.5 |
48 to 60 months | 8.9 |  |  | 0.1 |  |  | 9.0 |
Thereafter | 7.4 |  |  | — |  |  | 7.4 |
Total lease payments | 62.9 |  |  | 1.3 |  |  | 64.2 |
Less imputed interest | 7.3 |  |  | 0.1 |  |  | 7.4 |
Total | $ | 55.6 |  |  | $ | 1.2 |  |  | $ | 56.8 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | spxc_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | spxc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration