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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Operating Leases and Finance Leases included in Condensed Consolidated Balance Sheets

Operating leases and finance leases are included in the Consolidated Balance Sheets as follows:

 

 

 

Classification

 

December 31, 2022

 

 

December 31, 2021

 

Lease assets

 

 

 

 

 

 

 

 

Operating lease right-of-use assets, net

 

Assets

 

$

6.0

 

 

$

6.6

 

Finance lease right of use assets, net

 

Property, plant, and equipment, net

 

 

1.4

 

 

 

1.5

 

Total lease assets

 

 

 

$

7.4

 

 

$

8.1

 

Lease liabilities

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

Current liabilities

 

$

2.0

 

 

$

2.4

 

Operating lease liabilities, non-current

 

Non-current liabilities

 

 

4.0

 

 

 

4.3

 

Finance lease liabilities, current

 

Current portion of long-term debt

 

 

0.7

 

 

 

0.6

 

Finance lease liabilities, non-current

 

Long-term debt

 

 

0.8

 

 

 

0.9

 

Total lease liabilities

 

 

 

$

7.5

 

 

$

8.2

 

Summary of Components of Lease Costs

The components of lease costs, which are included in income (loss) from operations in our Consolidated Statements of Operations, were as follows:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Operating leases

 

 

 

 

 

 

Operating lease costs

 

$

3.2

 

 

$

2.8

 

Variable lease costs

 

 

0.2

 

 

 

0.3

 

Total operating lease costs

 

$

3.4

 

 

$

3.1

 

Finance leases

 

 

 

 

 

 

Amortization of right-of-use asset

 

$

0.8

 

 

$

0.6

 

Interest on finance lease liabilities

 

 

0.1

 

 

 

0.1

 

Total finance lease costs

 

$

0.9

 

 

$

0.7

 

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2022 are as follows:

 

 

 

Operating

 

 

Finance

 

 

Total

 

2023

 

$

2.2

 

 

$

0.8

 

 

$

3.0

 

2024

 

 

1.8

 

 

 

0.5

 

 

 

2.3

 

2025

 

 

1.6

 

 

 

0.2

 

 

 

1.8

 

2026

 

 

0.7

 

 

 

0.1

 

 

 

0.8

 

2027

 

 

0.2

 

 

 

-

 

 

 

0.2

 

2028 and Thereafter

 

 

-

 

 

 

-

 

 

 

-

 

Total lease payments

 

 

6.5

 

 

 

1.6

 

 

 

8.1

 

Less lease interest

 

 

(0.5

)

 

 

(0.1

)

 

 

(0.6

)

Total lease liabilities

 

$

6.0

 

 

$

1.5

 

 

$

7.5

 

Summary of Additional Information Related to Leases

Additional information related to leases is presented as follows:

 

 

 

December 31, 2022

 

December 31, 2021

Operating leases

 

 

 

 

Weighted average remaining lease term

 

3.3 years

 

3.5 years

Weighted average discount rate

 

5.4%

 

3.8%

Finance leases

 

 

 

 

Weighted average remaining lease term

 

2.5 years

 

3.0 years

Weighted average discount rate

 

3.4%

 

3.3%

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3.0

 

 

$

2.7

 

Financing cash flows from finance leases

 

 

0.9

 

 

 

0.7

 

Total cash paid

 

$

3.9

 

 

$

3.4

 

 

 

 

 

 

 

 

Leased assets obtained in exchange for new operating lease liabilities

 

$

1.8

 

 

$

9.2

 

Leased assets obtained in exchange for new finance lease liabilities

 

 

0.6

 

 

 

2.2

 

Right-of-use assets obtained in exchange for lease liabilities

 

$

2.4

 

 

$

11.4