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Supplemental Financial Information (Tables)
 9 Months Ended
Sep. 30, 2024
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “Restructuring and impairment charges” line item in the condensed consolidated statements of operations were as follows:
Three Months EndedNine Months Ended
(Dollars in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Restructuring charges
Global workforce reduction$— $0.7 $— $8.8 
Facility consolidations— 1.3 0.2 7.6 
Manufacturing footprint consolidation5.9 — 6.3 — 
R&D facility exit0.4 — 1.3 — 
Total restructuring charges$6.3 $2.0 $7.8 $16.4 
Total restructuring and impairment charges$6.3 $2.0 $7.8 $16.4 
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
Three Months EndedNine Months Ended
(Dollars in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Advanced Electronics Solutions
Allocated restructuring charges$6.1 $1.6 $7.2 $10.2 
Elastomeric Material Solutions
Allocated restructuring charges0.2 0.4 0.6 6.2 
Total restructuring and impairment charges$6.3 $2.0 $7.8 $16.4 
Schedule of Severance Activity
Severance and related benefits activity related to the manufacturing footprint consolidation plan is presented in the table below for the nine months ended September 30, 2024:
(Dollars in thousands)
Manufacturing Footprint Consolidation Restructuring Severance and Related Benefits
Balance as of December 31, 2023$— 
Provisions4.7 
Payments— 
Foreign currency translation adjustment0.1 
Balance as of September 30, 2024$4.8 
Schedule of Other Operating (Income) Expense
The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
UTIS fire
Professional services$— $0.1 $— $0.6 
Insurance recoveries— (0.7)— (7.4)
Total UTIS fire— (0.6)— (6.8)
(Gain) loss on sale or disposal of property, plant and equipment— (0.2)— (0.7)
Total other operating (income) expense, net$— $(0.8)$— $(7.5)
Schedule of Components of Interest Expense, Net
The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Interest on revolving credit facility$— $(1.9)$(0.5)$(8.3)
Line of credit fees(0.2)(0.3)(0.8)(0.6)
Debt issuance amortization costs(0.2)(0.1)(0.4)(0.5)
Interest income0.5 0.2 0.8 1.0 
Other(0.1)(0.2)(0.1)(0.2)
Total interest expense, net$— $(2.3)$(1.0)$(8.6)