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Property, Plant, and Equipment, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | Property, plant and equipment, net consist of the following (in millions):
| Depreciable Lives |  | December 31, 2023 |  | December 31, 2022
Land, buildings, and leasehold improvements | 3-39 years |  | $ | 49.4 |  |  | $ | 46.5 |
Machinery and equipment | 5-15 years |  | 38.5 |  |  | 33.6 |
Badges | 3-5 years |  | 41.0 |  |  | 33.4 |
Furniture, fixtures, computer equipment and other | 3-10 years |  | 22.9 |  |  | 20.8 |
Software development costs | 3-5 years |  | 10.7 |  |  | 5.0 |
Construction in progress (1) | — |  | 28.6 |  |  | 15.9 |
|  |  | 191.1 |  |  | 155.2 |
Less: accumulated depreciation and amortization |  |  | (56.6) |  |  | (30.9) |
|  |  | $ | 134.5 |  |  | $ | 124.3 |
(1) Includes $4.2 million and $4.5 million of Construction in progress for internally developed software as of December 31, 2023 and December 31, 2022, respectively.
Schedule of Depreciation Expense | Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):
| Successor |  |  | Predecessor
| Fiscal Year Ended December 31, 2023 |  | Fiscal Year Ended December 31, 2022 |  | From October 20, 2021 through December 31, 2021 |  |  | From July 1, 2021 through October 19, 2021 |  | Fiscal Year Ended June 30, 2021
Depreciation expense in: |  |  |  |  |  |  |  |  |  |
Cost of revenues | $ | 19.2 |  |  | $ | 18.0 |  |  | $ | 3.5 |  |  |  | $ | 3.9 |  |  | $ | 14.0 |
Operating expenses | $ | 12.0 |  |  | $ | 10.1 |  |  | $ | 1.7 |  |  |  | $ | 2.1 |  |  | $ | 6.8 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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