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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Lease Expense | The components of the lease expense is as follows:
|  | Years ended December 31, |
| In millions | 2023 |  | 2022 |  | 2021 |
| Operating lease cost | $ | 4.6 |  |  | $ | 4.2 |  |  | $ | 3.4 |  |
Supplemental cash flow information related to leases was as follows:
|  | Years ended December 31, |
| In millions | 2023 |  | 2022 |  | 2021 |
| Operating cash flows from operating leases | $ | 4.6 |  |  | $ | 4.2 |  |  | $ | 3.4 |  |
During the year ended December 31, 2023, there were additional operating leases entered into totaling $0.5 million (2022: $17.7 million, 2021: $2.3 million). There was also a $1.6 million impairment recognized in 2023 in relation to the Graphic Arts segment. These are non-cash items but will impact cash in future years. Supplemental balance sheet information related to leases was as follows:
|  | December 31, |  | December 31, |
| In millions | 2023 |  | 2022 |
| Operating leases |  |  |  |
| Operating lease right-of-use asset | $ | 15.4 |  |  | $ | 19.8 |  |
| Other current liabilities | 4.7 |  |  | 4.7 |  |
| Other non-current liabilities | 15.0 |  |  | 18.2 |  |
|  | $ | 19.7 |  |  | $ | 22.9 |  |
| Weighted Average Remaining Lease Term (Years) | 11.9 |  | 12.0 |
| Weighted Average Discount Rate | 4.48 | % |  | 4.48 | % |
Maturities of Lease Liabilities | Maturities of lease liabilities were as follows:
| In millions |  |  | 2023 |
| 2024 |  |  | $ | 5.4 |  |
| 2025 |  |  | 5.1 |  |
| 2026 |  |  | 4.1 |  |
| 2027 |  |  | 1.5 |  |
| 2028 |  |  | 1.2 |  |
| Thereafter |  |  | 8.7 |  |
| Total lease payments |  |  | $ | 26.0 |  |
| Less imputed interest |  |  | (6.3) |  |
| Total |  |  | $ | 19.7 |  |

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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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