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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Lease Cost The components of lease expense were as follows (in millions):
Three Months EndedSix Months Ended
June 30, 2024June 25, 2023June 30, 2024June 25, 2023
Amortization of right of use assets - finance leases$0.8 $0.7 $1.6 $1.5 
Interest on lease liabilities - finance leases0.8 0.8 1.6 1.5 
Operating lease cost 3.6 3.4 7.1 6.7 
Short-term lease cost0.2 0.3 0.6 0.5 
Variable lease cost (cost excluded from lease payments)— 0.1 — 0.1 
Sublease income(0.1)— (0.1)— 
Total lease cost
$5.3 $5.3 $10.8 $10.3 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedSix Months Ended
June 30, 2024June 25, 2023June 30, 2024June 25, 2023
Finance lease - cash paid for interest$0.8 $0.8 $1.6 $1.5 
Finance lease - financing cash flows$0.4 $0.4 $0.7 $0.8 
Operating lease - operating cash flows (fixed payments)$3.6 $3.6 $7.2 $6.6 
Other supplemental noncash information (in millions):
Three Months EndedSix Months Ended
June 30, 2024June 25, 2023June 30, 2024June 25, 2023
Operating lease liabilities arising from obtaining right-of-use assets$2.1 $4.5 $2.3 $6.4 
Finance lease liabilities arising from obtaining right-of-use assets$16.4 $0.1 $16.8 $0.1 
June 30, 2024June 25, 2023
Weighted-average remaining lease term (in years):
Operating leases
4.434.76
Finance leases
14.3415.08
Weighted-average discount rate:
Operating leases
5.01 %4.95 %
Finance leases
6.35 %6.41 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
June 30, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets
$41.8 $45.7 
Current portion of operating lease liabilities
$11.7 $12.1 
Operating lease liabilities, net of current portion
$34.1 $37.8 
Finance leases:
Property, plant and equipment, net
$60.5 $45.4 
Other current liabilities
$1.7 $1.3 
Other long-term liabilities
$66.6 $50.9 
Schedule of Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2024 (1)
$7.2 $3.5 
202512.4 6.0 
202610.7 6.3 
20279.7 6.5 
2028
6.5 6.6 
Thereafter4.4 81.4 
Total lease payments50.9 110.3 
Less: imputed interest(5.1)(42.0)
Total present value of lease liabilities$45.8 $68.3 
(1) Excludes the six months ended June 30, 2024.
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2024 (1)
$7.2 $3.5 
202512.4 6.0 
202610.7 6.3 
20279.7 6.5 
2028
6.5 6.6 
Thereafter4.4 81.4 
Total lease payments50.9 110.3 
Less: imputed interest(5.1)(42.0)
Total present value of lease liabilities$45.8 $68.3 
(1) Excludes the six months ended June 30, 2024.