Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Lease Cost

The components of lease expense were as follows (in millions):

	Three Months Ended
	March 31, 2024		March 26, 2023
Amortization of right of use assets - finance leases	$	0.8	$	0.8
Interest on lease liabilities - finance leases	0.8		0.7
Operating lease cost	3.5		3.3
Short-term lease cost	0.4		0.2
Total lease cost	$	5.5	$	5.0

Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):

	Three Months Ended
	March 31, 2024		March 26, 2023
Finance lease - cash paid for interest	$	0.8	$	0.7
Finance lease - financing cash flows	$	0.3	$	0.4
Operating lease - operating cash flows (fixed payments)	$	3.6	$	3.0

Other supplemental noncash information (in millions):

	Three Months Ended
	March 31, 2024			March 26, 2023
Operating lease liabilities arising from obtaining right-of-use assets	$	0.2		$	1.9
Finance lease liabilities arising from obtaining right-of-use assets	$	0.4		$	—
	March 31, 2024			March 26, 2023
Weighted-average remaining lease term (in years):
Operating leases	4.43			4.94
Finance leases	14.58			14.96
Weighted-average discount rate:
Operating leases	4.92		%	4.88		%
Finance leases	6.35		%	6.02		%

Schedule of Balance Sheet Information

The components of leases on the balance sheet were as follows (in millions):

	March 31, 2024		December 31, 2023
Operating leases:
Operating lease right-of-use assets	$	42.9	$	45.7
Current portion of operating lease liabilities	$	11.6	$	12.1
Operating lease liabilities, net of current portion	$	35.3	$	37.8
Finance leases:
Property, plant and equipment, net	$	44.7	$	45.4
Other current liabilities	$	1.5	$	1.3
Other long-term liabilities	$	50.8	$	50.9

Schedule of Maturities of Operating Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2024 (1)	$	10.5	$	3.5
2025	12.0		4.8
2026	10.3		5.1
2027	9.5		5.2
2028	6.3		5.3
Thereafter	3.4		58.0
Total lease payments	52.0		81.9
Less: imputed interest	(5.1)		(29.6)
Total present value of lease liabilities	$	46.9	$	52.3
(1) Excludes the three months ended March 31, 2024.

Schedule of Maturities of Financing Lease Liabilities

The maturity of lease liabilities is (in millions):

	Operating Leases		Finance Leases
2024 (1)	$	10.5	$	3.5
2025	12.0		4.8
2026	10.3		5.1
2027	9.5		5.2
2028	6.3		5.3
Thereafter	3.4		58.0
Total lease payments	52.0		81.9
Less: imputed interest	(5.1)		(29.6)
Total present value of lease liabilities	$	46.9	$	52.3
(1) Excludes the three months ended March 31, 2024.