Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease-Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets:

(in millions)	Classification	As of December 31,
		2024		2023
Assets
Non-Current
Operating	Operating lease right-of-use assets	$	95.6	$	78.1
Finance	Property and equipment, net	7.9		9.1
Total lease assets		$	103.5	$	87.2
Liabilities
Current
Operating	Current maturities of operating lease obligations	$	34.3	$	28.3
Financing	Current maturities of finance lease obligations	2.8		2.7
Non-Current
Operating	Operating lease obligations	61.0		49.9
Financing	Finance lease obligations	5.4		6.6
Total lease liabilities		$	103.5	$	87.5

Weighted-average remaining lease term
Operating leases	3.6 years		3.6 years
Finance leases	3.0 years		3.5 years
Weighted-average discount rate
Operating leases	5.68	%	5.23	%
Finance leases	7.74	%	6.91	%

Schedule of Lease Costs for Finance and Operating Leases

The table below presents certain information related to the lease costs for finance and operating leases during 2024, 2023 and 2022:

		Years ended December 31,
(in millions)	Classification	2024		2023		2022
Operating lease cost (1)	Administrative	$	44.2	$	38.2	$	33.2
Finance lease cost
Amortization of leased assets (2)	Cost of sales	3.9		3.7		3.2
Interest on finance lease obligations	Interest expense, net	0.7		0.6		0.3
Total lease costs		$	48.8	$	42.5	$	36.7

(1)Includes variable lease costs of $5.5 million, $4.7 million and $3.7 million for the years ended December 31, 2024, 2023 and 2022, respectively, and short-term lease costs of $2.4 million, $1.3 million and $1.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(2)Includes variable lease costs of $0.8 million for the year ended December 31, 2024 and $0.7 million for each of the years ended December 31, 2023 and 2022, respectively.

The table below presents supplemental cash flow information related to leases during 2024, 2023 and 2022:

	Years ended December 31,
(in millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	36.5	$	31.6	$	27.7
Operating cash flows for finance leases	0.7		0.6		0.3
Financing cash flows for finance leases	3.0		2.9		2.3

Schedule of Undiscounted Cash Flows Finance Lease Obligations

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2024:

	Finance Leases		Operating Leases
(in millions)			Related Party		Other		Total Operating
2025	$	3.4	$	1.1	$	37.7	$	38.8
2026	3.0		0.5		28.1		28.6
2027	2.0		0.1		17.8		17.9
2028	0.8		—		10.1		10.1
2029	0.1		—		5.3		5.3
Thereafter	—		—		4.7		4.7
Total minimum lease payments	9.3		$	1.7	$	103.7	105.4
Less: Amounts representing interest	(1.1)						(10.1)
Present value of future minimum lease payments	8.2						95.3
Less: Current obligation under leases	(2.8)						(34.3)
Long-term lease obligations	$	5.4					$	61.0

Schedule of Undiscounted Cash Flows Operating Lease Obligations

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years for the finance lease obligations and operating lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2024:

	Finance Leases		Operating Leases
(in millions)			Related Party		Other		Total Operating
2025	$	3.4	$	1.1	$	37.7	$	38.8
2026	3.0		0.5		28.1		28.6
2027	2.0		0.1		17.8		17.9
2028	0.8		—		10.1		10.1
2029	0.1		—		5.3		5.3
Thereafter	—		—		4.7		4.7
Total minimum lease payments	9.3		$	1.7	$	103.7	105.4
Less: Amounts representing interest	(1.1)						(10.1)
Present value of future minimum lease payments	8.2						95.3
Less: Current obligation under leases	(2.8)						(34.3)
Long-term lease obligations	$	5.4					$	61.0