XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.25.0.1

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
LEASES | LEASES The Company primarily has operating lease agreements for certain land, office space, warehouse space and equipment. The following table presents the Company’s ROU assets and lease liabilities:
|  |  |  | December 31,
(dollars in millions) |  | Balance sheet location |  | 2024 |  | 2023
Asset Category |  |  |  |  |  |
ROU assets |  | Other assets |  | $ | 79.7 |  |  | $ | 90.3 |
Total |  |  |  | $ | 79.7 |  |  | $ | 90.3 |
Liability Category |  |  |  |  |  |
Current lease liabilities |  | Accrued expenses and other current liabilities |  | $ | 15.2 |  |  | $ | 15.0 |
Non-current lease liabilities |  | Other liabilities |  | 66.4 |  |  | 78.1 |
Total |  |  |  | $ | 81.6 |  |  | $ | 93.1 |
Operating lease expense totaled $27.9 million, $27.3 million and $26.2 million for 2024, 2023 and 2022, respectively.
|  | Year Ended December 31,
(dollars in millions) |  | 2024 |  | 2023 |  | 2022
Supplemental Information for Operating Leases |  |  |  |  |  |
Operating cash payments |  | $ | 20.3 |  |  | $ | 21.5 |  |  | $ | 19.8 |
ROU assets obtained in exchange for lease obligations |  | $ | 12.1 |  |  | $ | 20.2 |  |  | $ | 40.3 |
Weighted average remaining lease term |  | 10 years |  | 10 years |  | 10 years
Weighted average discount rate |  | 4.3% |  | 4.2% |  | 3.5%
Maturities of operating lease liabilities, including those classified as held for sale, at December 31, 2024 were as follows:
(dollars in millions) |
2025 | $ | 19.7 |
2026 | 16.9 |
2027 | 12.1 |
2028 | 9.5 |
2029 | 8.0 |
Thereafter | 48.9 |
Total future minimum lease payments | 115.1 |
Less: imputed interest | (21.2) |
Present value of lease liabilities | $ | 93.9 |

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 The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration