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Leased Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Schedule of Operating Lease Assets and Liabilities on Balance Sheet | The table below presents the locations of the operating lease assets and liabilities on the consolidated balance sheets as of December 31, 2021 (in millions):
|  |  | Successor
| Balance Sheet Line Item |  | December 31, 2021
Operating Lease assets | Operating Lease assets |  | $ | 45.7 |
Financing Lease assets | Other Assets |  | $ | 0.9 |
Operating lease liabilities: |  |  |
Current operating lease liabilities | Current operating lease liabilities |  | $ | 9.3 |
Noncurrent operating lease liabilities | Operating lease liability, non-current |  | 40.6 |
Total operating lease liabilities: |  |  | $ | 49.9 |
Financing lease liabilities: |  |  |
Current financing lease liabilities | Accrued expenses and other current liabilities |  | $ | 0.6 |
Noncurrent financing lease liabilities | Deferred income taxes and other long-term liabilities |  | 0.3 |
Total financing lease liabilities: |  |  | $ | 0.9 |
Schedule of Weighted Average Lease Term and Discount Rate for Operating Lease | The Company’s weighted average remaining lease term and weighted average discount rate for operating leases as of December 31, 2021 are:
|  | Successor
|  | December 31, 2021
Operating leases |  |
Weighted average remaining lease term (in years) |  | 7.5
Weighted average discount rate |  | 4.19 | %
Schedule of Undiscounted Future Minimum Lease Payments | The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheets as of December 31, 2021 (in millions):
Fiscal year ending December 31: |
2022 | $ | 10.8 |
2023 | 9.4 |
2024 | 8.1 |
2025 | 6.4 |
2026 | 5.0 |
2027 and thereafter | 18.5 |
Total undiscounted future minimum lease payments | $ | 58.2 |
Less: Imputed interest | (8.3) |
Total lease liabilities | $ | 49.9 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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