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Leases (Tables) | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Schedule of Lease ROUs and Lease Liabilities | Right-of-use lease assets and lease liabilities consisted of the following (in millions):
| Balance Sheet Location |  | June 30, 2025 |  | December 31, 2024
Right-of-use assets: |  |  |  |  |
Operating lease | Other assets (non-current) |  | $ | 50.0 |  |  | $ | 53.7 |
Finance lease | Property, plant and equipment, net |  | 0.2 |  |  | 0.5 |
Total right-of-use assets |  |  | $ | 50.2 |  |  | $ | 54.2 |
Lease liabilities: |  |  |  |  |
Current portion of operating lease | Other current liabilities |  | $ | 12.8 |  |  | $ | 12.9 |
Non-current portion of operating lease | Other liabilities |  | 39.5 |  |  | 43.5 |
Finance lease | Debt obligations |  | 0.2 |  |  | 0.6 |
Total lease liabilities |  |  | $ | 52.5 |  |  | $ | 57.0 |
Schedule of Components of Lease Expense | The following table summarizes the components of lease expense (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Net finance lease cost |  | 0.1 |  |  | 0.1 |  |  | 0.2 |  |  | 0.2 |
Operating lease cost |  | 4.6 |  |  | 4.4 |  |  | 8.8 |  |  | 8.9 |
Variable lease cost |  | 0.1 |  |  | 0.2 |  |  | 0.3 |  |  | 0.3 |
Sublease income |  | — |  |  | (0.2) |  |  | — |  |  | (0.4) |
Total non-current lease cost |  | $ | 4.8 |  |  | $ | 4.5 |  |  | 9.3 |  |  | 9.0 |
Short-term lease costs |  | 7.5 |  |  | 8.0 |  |  | 15.5 |  |  | 15.2 |
Total lease cost |  | $ | 12.3 |  |  | $ | 12.5 |  |  | $ | 24.8 |  |  | $ | 24.2 |
Cash flow information related to leases is as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases(1) |  | $ | 4.7 |  |  | $ | 4.8 |  |  | $ | 9.9 |  |  | $ | 9.8 |
Financing cash flows for finance leases |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | $ | 2.6 |  |  | $ | 3.6 |  |  | $ | 5.1 |  |  | $ | 6.2 |
Finance leases |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |
(1) The above amounts exclude $4.0 million received during the three and six months ended June 30, 2025, and $4.0 million received during the three and six months ended June 30, 2024 for a lease modification incentive. See below for additional information. The weighted-average remaining lease terms and the weighted-average discount rates for the Company's leases were as follows:
|  | June 30, 2025 |  | December 31, 2024
Weighted-average remaining lease term (years) - operating leases |  | 6.9 |  | 7.4
Weighted-average remaining lease term (years) - finance leases |  | 2.2 |  | 2.7
Weighted-average discount rate - operating leases |  | 6.2 | % |  | 6.1 | %
Weighted-average discount rate - finance leases |  | 4.9 | % |  | 5.3 | %
Schedule of Operating Lease, Liability, Maturity | Future minimum lease commitments (undiscounted) as of June 30, 2025, were as follows (in millions):
| Operating Leases |  | Finance Leases
2025 (remaining period) | $ | 7.8 |  |  | $ | 0.1 |
2026 | 13.5 |  |  | 0.1 |
2027 | 10.7 |  |  | — |
2028 | 7.7 |  |  | — |
2029 | 4.6 |  |  | — |
Thereafter | 19.7 |  |  | — |
Total future minimum lease payments | 64.0 |  |  | 0.2 |
Less: amounts representing interest | (11.7) |  |  | — |
Total lease liability | $ | 52.3 |  |  | $ | 0.2 |
Schedule of Finance Lease, Liability, Maturity | Future minimum lease commitments (undiscounted) as of June 30, 2025, were as follows (in millions):
| Operating Leases |  | Finance Leases
2025 (remaining period) | $ | 7.8 |  |  | $ | 0.1 |
2026 | 13.5 |  |  | 0.1 |
2027 | 10.7 |  |  | — |
2028 | 7.7 |  |  | — |
2029 | 4.6 |  |  | — |
Thereafter | 19.7 |  |  | — |
Total future minimum lease payments | 64.0 |  |  | 0.2 |
Less: amounts representing interest | (11.7) |  |  | — |
Total lease liability | $ | 52.3 |  |  | $ | 0.2 |

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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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