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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Operating lease expense:

 

 

 

 

 

 

Operating lease expense

 

$

3.9

 

 

$

4.5

 

Sublease income

 

 

(1.1

)

 

 

(1.1

)

Net operating lease expense

 

$

2.8

 

 

$

3.4

 

 

 

 

 

 

 

 

Finance lease expense:

 

 

 

 

 

 

Amortization of ROU assets

 

$

0.6

 

 

$

0.4

 

Interest on lease liabilities

 

 

0.1

 

 

 

0.1

 

Total finance lease expense

 

$

0.7

 

 

$

0.5

 

Summary of Company's Finance Leases Presented On Unaudited Condensed Consolidated Balance Sheets

The Company’s finance leases are presented on the Company’s Unaudited Condensed Consolidated Balance Sheets as follows:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Property, plant and equipment, net

 

$

8.9

 

 

$

7.1

 

 

 

 

 

 

 

 

Accrued liabilities

 

$

2.5

 

 

$

2.0

 

Other noncurrent liabilities

 

 

6.6

 

 

 

5.1

 

Total

 

$

9.1

 

 

$

7.1

 

Summary of Information Related to Finance Leases

Other information related to finance leases as of and for the three months ended March 31, 2023 were as follows:

 

 

 

March 31, 2023

 

Non-cash disclosure:

 

 

 

Increase in finance lease liabilities due to new ROU assets

 

$

2.5

 

Weighted-average remaining lease term

 

3.7 years

 

Weighted-average discount rate

 

 

3.4

%