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Property, Plant, and Equipment, Net | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment, Net | Property, Plant and Equipment, Net 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. Certain reclassifications have been made to the components of property, plant and equipment for the year ending December 31, 2022 to conform to the 2023 presentation. 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 The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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