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Leases

3 Months Ended

Mar. 31, 2025

The Company is the lessee for operating leases for offices, R&D facilities and manufacturing facilities. The Company determines if an arrangement is a lease at inception. Operating leases are included in right-of-use assets and liabilities.

The components of lease expense were as follows:


	Three Months Ended March 31,
	2025		2024
Operating lease cost:
Amortization of right-of-use assets	$	0.6	$	0.9
Interest on lease liabilities	0.2		0.2
Total operating lease cost	$	0.8	$	1.1

Operating lease costs are reflected as components of “Cost of product and services sales, net”, “R&D” expense and “SG&A” expense on the Company's Condensed Consolidated Statements of Operations.

Supplemental balance sheet information related to lessee activities is as follows:


Leases	Classification	March 31, 2025			December 31, 2024
Operating lease right-of-use assets	Other assets	$	6.6		$	11.7

Operating lease liabilities, current portion	Other current liabilities	$	1.9		$	2.7
Operating lease liabilities	Other liabilities	5.1			9.7
Total operating lease liabilities		$	7.0		$	12.4

Operating leases:
Weighted average remaining lease term (years)		5.8			5.8
Weighted average discount rate		6.6		%	5.5		%