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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Components of Lease Expense, Lease Term and Discount Rate and Other Information | Components of lease expense incurred by the Company are as follows (in millions):
|  |  | Years Ended December 31,
|  |  | 2023 |  | 2022
Finance lease cost (cost resulting from lease payments): |  |  |  |  |
Interest expense on lease liabilities |  |  | $ | 1.4 |  |  | $ | 0.7 |
Amortization of right-of-use assets |  |  | 1.4 |  |  | 0.8 |
Operating lease cost |  |  | 11.3 |  |  | 9.8 |
Short-term lease expense |  |  | 1.7 |  |  | 3.3 |
Variable lease expense |  |  | — |  |  | 0.6 |
Sublease income |  |  | (0.1) |  |  | — |
Total lease cost |  |  | $ | 15.7 |  |  | $ | 15.2 |
Weighted-average remaining lease term (in years) and discount rate are as follows:
| December 31,
| 2023 |  | 2022
Weighted-average remaining lease term: |  |  |
Operating leases | 8.4 |  | 4.8
Finance leases | 14.1 |  | 15.7
Weighted-average discount rate: |  |  |
Operating leases | 6.31 | % |  | 5.39 | %
Finance leases | 7.49 | % |  | 7.61 | %
Supplemental cash flow information related to leases are as follows (in millions):
| Years Ended December 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 14.3 |  |  | $ | 9.9 |
Operating cash flows from finance leases | 1.4 |  |  | 0.7 |
Leased assets obtained in exchange for new finance lease liabilities | 2.0 |  |  | 16.1 |
Leased assets obtained in exchange for new operating lease liabilities | 25.1 |  |  | 20.6 |
Schedule of Maturity of Lease Liabilities, Finance Leases | The following table represents future contractual lease liabilities for finance and operating leases at December 31, 2023 (in millions):
| Finance |  | Operating |  | Total
2024 | $ | 2.5 |  |  | $ | 12.6 |  |  | $ | 15.1 |
2025 | 2.8 |  |  | 10.3 |  |  | 13.1 |
2026 | 2.8 |  |  | 7.5 |  |  | 10.3 |
2027 | 2.8 |  |  | 6.4 |  |  | 9.2 |
2028 | 1.8 |  |  | 5.1 |  |  | 6.9 |
Thereafter | 19.7 |  |  | 15.5 |  |  | 35.2 |
Total lease payments | $ | 32.4 |  |  | $ | 57.4 |  |  | $ | 89.8 |
Less: Interest | 12.8 |  |  | 12.2 |  |  | 25.0 |
Present value of lease liabilities | $ | 19.6 |  |  | $ | 45.2 |  |  | $ | 64.8 |
Schedule of Maturity of Lease Liabilities, Operating Leases | The following table represents future contractual lease liabilities for finance and operating leases at December 31, 2023 (in millions):
| Finance |  | Operating |  | Total
2024 | $ | 2.5 |  |  | $ | 12.6 |  |  | $ | 15.1 |
2025 | 2.8 |  |  | 10.3 |  |  | 13.1 |
2026 | 2.8 |  |  | 7.5 |  |  | 10.3 |
2027 | 2.8 |  |  | 6.4 |  |  | 9.2 |
2028 | 1.8 |  |  | 5.1 |  |  | 6.9 |
Thereafter | 19.7 |  |  | 15.5 |  |  | 35.2 |
Total lease payments | $ | 32.4 |  |  | $ | 57.4 |  |  | $ | 89.8 |
Less: Interest | 12.8 |  |  | 12.2 |  |  | 25.0 |
Present value of lease liabilities | $ | 19.6 |  |  | $ | 45.2 |  |  | $ | 64.8 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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 + Details
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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 + Details
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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 + Details
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