v3.25.4

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows:

		Year Ended December 31,
		2025				2024				2023
Operating lease expense:
Operating lease expense		$	7.3			$	9.8			$	16.3
Sublease income			(3.6	)			(4.4	)			(4.2	)
Net operating lease expense		$	3.7			$	5.4			$	12.1
Finance lease expense:
Amortization of ROU assets		$	2.1			$	2.9			$	2.4
Interest on lease liabilities			0.2				0.2				0.3
Total finance lease expense		$	2.3			$	3.1			$	2.7

Summary of Company's Finance Leases Presented on Audited Consolidated Balance Sheets

The Company’s finance leases as of December 31, 2025 and 2024 are presented on the Company’s audited Consolidated Balance Sheets as follows:

		December 31,
		2025				2024
Property, plant and equipment, net		$	3.9			$	2.9
Accrued liabilities		$	0.9			$	2.8
Other noncurrent liabilities			2.2				0.2
Total		$	3.1			$	3.0

Summary of Other Information Related to Operating and Finance Leases

Other information related to operating and finance leases for the years ended December 31, 2025, 2024 and 2023 and as of December 31, 2025 and 2024 was as follows:

		Year Ended December 31,
		2025				2024				2023
Supplemental cash flow information:
Cash paid related to operating leases		$	10.1			$	14.7			$	17.5
Cash paid related to principal payments on finance leases			3.2				2.9				2.4
Non-cash disclosure:
Increase in operating lease liabilities due to new ROU assets		$	0.2			$	—			$	0.5
(Decrease) increase in operating lease liabilities due to lease modifications and remeasurements			(0.9	)			5.0				(3.2	)
Increase in finance lease liabilities due to new ROU assets			2.9				0.9				2.5

		December 31,
		2025				2024
Weighted-average remaining lease term:
Operating leases		2.0 years				1.9 years
Finance leases		3.8 years				1.9 years
Weighted-average discount rate:
Operating leases			7.1	%			5.3	%
Finance leases			6.6	%			7.5	%

Summary of Maturities of Lease Liabilities for Operating Leases

As of December 31, 2025, future maturities of lease liabilities were as follows:

		Operating Leases				Finance Leases
2026		$	4.1			$	0.9
2027			2.8				0.9
2028			0.7				0.8
2029			—				0.8
2030			—				—
2031 and thereafter			—				—
Total lease payments			7.6				3.4
Less: Interest			(0.4	)			(0.3	)
Present value of lease liabilities		$	7.2			$	3.1

X

- Definition

Tabular disclosure of right-of-use asset and lease liability from finance lease.

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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