Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

We sell installation services to other companies related to us through common or affiliated ownership and/or board of directors and/or management relationships. We also purchase services and materials and pay rent to companies with common or related ownership.

We lease our headquarters and certain other facilities from related parties. See Note 9, Leases, for future minimum lease payments to be paid to these related parties.

The amount of sales to common or related parties as well as the purchases from and rent expense paid to common or related parties were as follows (in millions):

	Years ended December 31,
	2023		2022		2021
Sales	$	20.3	$	12.8	$	1.5
Purchases	2.2		2.2		1.5
Rent	1.2		1.3		1.3

At December 31, 2023 and 2022, we had related party receivables of approximately $1.8 million and $3.3 million, respectively, included on our Consolidated Balance Sheets. These balances primarily represent trade accounts receivable arising during the normal course of business with various related parties. M/I Homes, Inc., a customer whose Chairman, President and Chief Executive Officer rejoined our board of directors in July of 2022, accounted for $1.4 million of the related party accounts receivable balance as of December 31, 2023. Additionally, M/I Homes, Inc. accounted for a significant portion of our related party sales during the year ended December 31, 2023 and 2022.