Leases

6 Months Ended

Jun. 30, 2024

We have operating and finance leases for automobiles, machinery, equipment, warehouses, and office buildings. Our leases have remaining terms ranging from one year to 15 years, some of which include options to extend the leases from one to five years, and some of which include options to terminate the leases within one year.

Supplemental balance sheet information related to leases is as follows:


	Classification	June 30, 2024		December 31, 2023
Lease assets
Operating lease right-of-use assets, net	Assets	$	22.2	$	23.7
Finance lease right of use assets, net	Property, plant, and equipment, net	1.9		1.9
Total lease assets		$	24.1	$	25.6
Lease liabilities
Operating lease liabilities, current	Current liabilities	$	3.9	$	3.8
Operating lease liabilities, non-current	Non-current liabilities	22.5		24.7
Finance lease liabilities, current	Current portion of long-term debt	1.0		0.9
Finance lease liabilities, non-current	Long-term debt	1.0		1.0
Total lease liabilities		$	28.4	$	30.4

The components of lease costs included in our Condensed Consolidated Statements of Operations were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Operating leases
Operating lease costs	$	1.5	$	1.2	$	2.8	$	2.2
Variable lease costs	0.2		—		0.5		0.1
Short-term lease costs	0.1		—		0.3		0.2
Finance leases
Amortization of right-of-use asset	$	0.3	$	0.2	$	0.8	$	0.4

Maturities of lease liabilities as of June 30, 2024 are as follows:


	Operating		Finance		Total
2024	$	3.1	$	0.6	$	3.7
2025	6.0		0.9		6.9
2026	4.5		0.5		5.0
2027	3.2		0.2		3.4
2028	2.9		—		2.9
2029 and Thereafter	22.4		—		22.4
Total lease payments	42.1		2.2		44.3
Less lease interest	(15.7)		(0.2)		(15.9)
Total lease liabilities	$	26.4	$	2.0	$	28.4

Additional information related to leases is presented as follows:


	June 30, 2024	December 31, 2023
Operating leases
Weighted average remaining lease term	10.1 years	10.3 years
Weighted average discount rate	10.0%	10.0%
Finance leases
Weighted average remaining lease term	2.3 years	2.4 years
Weighted average discount rate	8.0%	7.2%


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1.7	$	1.3	$	3.3	$	2.3
Financing cash flows from finance leases	0.3		0.2		0.6		0.4
Right-of-use assets obtained in exchange for lease liabilities
Leased assets obtained in exchange for new operating lease liabilities	$	0.1	$	0.2	$	0.2	$	18.2
Leased assets obtained in exchange for new finance lease liabilities	—		0.2		0.4		0.3