Leases - The Company as Lessee (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Lease Cost and Other Amounts Relating to Finance and Operating Leases

Lease expense for operating leases that provide for future escalations are accounted for on a straight-line basis. For the years ended December 31, 2023 and 2022, lease expense under operating and finance leases was as follows (in millions):


	2023		2022		2021
Lease cost - operating and finance leases
Operating lease cost	$	2.0	$	2.7	$	2.5

Finance lease cost:
Amortization of right-of-use assets	0.2		0.1		—
Interest on lease liabilities	0.1		—		—
Total lease cost - operating and finance leases	$	2.3	$	2.8	$	2.5

Other amounts relating to leases segregated between those for finance and operating leases include the following for the years ended December 31, 2023 and 2022 (dollars in millions):


	2023			2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	2.0		$	2.7		$	2.5
Operating cash outflows from financing leases	$	0.1		$	—		$	—
Financing cash flows from finance leases	$	0.2		$	0.1		$	—
Other details:
Weighted-average remaining lease term (years) - operating leases	2.5			3.0			3.7
Weighted-average remaining lease term (years) - finance leases	4.2			4.8			0.0
Weighted-average discount rate - operating leases	4.4		%	4.2		%	4.4		%
Weighted-average discount rate - finance leases	4.8		%	4.1		%	—		%

Schedule of Finance Leases Maturities

Future lease payments under non-cancelable operating and finance leases as of December 31, 2023, were as follows (in millions):


	Operating Leases		Finance Leases
2024	$	1.6	$	0.3
2025	0.1		0.3
2026	0.1		0.3
2027	0.1		2.0
2028	0.1		1.2
Thereafter	0.2		—
Total lease payments	$	2.2	$	4.1
Less: Interest	(1.1)		—
Total lease liabilities	$	1.1	$	4.1

Schedule of Operating Leases Maturities

Future lease payments under non-cancelable operating and finance leases as of December 31, 2023, were as follows (in millions):


	Operating Leases		Finance Leases
2024	$	1.6	$	0.3
2025	0.1		0.3
2026	0.1		0.3
2027	0.1		2.0
2028	0.1		1.2
Thereafter	0.2		—
Total lease payments	$	2.2	$	4.1
Less: Interest	(1.1)		—
Total lease liabilities	$	1.1	$	4.1

Schedule of ROU Assets and Lease liabilities related to Balance Sheets Information

ROU assets and lease liabilities related to operating leases are presented separately on the consolidated balance sheets. Information for finance leases as of the years ended December 31, 2023 and 2022, were as follows (in millions):


	Consolidated Balance Sheet Location	2023		2022
Assets
ROU assets	Real estate property, net	$	4.2	$	2.6
Liabilities
Lease liabilities	Notes payable and other debt	$	4.1	$	2.6