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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Long Lived Asset Impairment | The table below presents asset impairment information related to long-lived assets (in millions):
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property and equipment assets impairment | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |
Right-of-use assets impairment | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Intangible assets impairment | 4.6 |  |  | — |  |  | 4.6 |  |  | — |
Total asset impairments | $ | 4.9 |  |  | $ | — |  |  | $ | 4.9 |  |  | $ | — |
Schedule of Fair Values of Financial Assets and Liabilities | The fair values of financial assets and liabilities that are recorded at fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in millions):
| As of June 30, 2024 |  | As of December 31, 2023
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 350.2 |  |  | $ | 350.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 344.8 |  |  | $ | 344.8 |  |  | $ | — |  |  | $ | — |
Derivative financial instruments | 29.1 |  |  | — |  |  | 29.1 |  |  | — |  |  | 24.9 |  |  | — |  |  | 24.9 |  |  | — |
Total financial assets | $ | 379.3 |  |  | $ | 350.2 |  |  | $ | 29.1 |  |  | $ | — |  |  | $ | 369.7 |  |  | $ | 344.8 |  |  | $ | 24.9 |  |  | $ | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration | $ | 0.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.7 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.4 |
Summary of Change in Fair Value of Contingent Consideration | The change in fair value of the contingent consideration (a Level 3 input) was as follows (in millions):
Contingent consideration liability - January 1, 2024 | $ | 0.4 |
Preliminary purchase price | 0.3 |
Fair value adjustments | 0.0 |
Accretion in value | 0.0 |
Contingent consideration liability - June 30, 2024 | $ | 0.7 |
Summary of Carrying Values and Associated Fair Values of Financial Assets and Liabilities | The Senior Notes represent a Level 2 fair value measurement and are as follows (in millions):
| As of June 30, 2024 |  | As of December 31, 2023
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Senior Notes(1) | $ | 300.0 |  |  | $ | 292.7 |  |  | $ | 300.0 |  |  | $ | 296.2 |
(1)Excludes the impact of unamortized debt issuance costs.

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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