Property, Plant, and Equipment, Net

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment, Net

Property, Plant and Equipment, Net

Property, plant and equipment, net consist of the following (in millions):

		Successor
	Depreciable Lives	March 31, 2022		December 31, 2021
Land, buildings, and leasehold improvements	3-39 years	$	45.0	$	45.0
Machinery and equipment	5-15 years	28.1		26.7
Badges	3-5 years	30.0		27.9
Furniture, fixtures, computer equipment and other	3-10 years	18.3		16.7
Construction in progress	—	15.2		12.2
		136.6		128.5
Less: accumulated depreciation and amortization		(10.8)		(4.5)
		$	125.8	$	124.0

Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):

	Successor		Predecessor
	March 31, 2022		March 31, 2021
Depreciation expense in:
Cost of revenues	$	4.2	$	2.9
Operating expenses	$	1.9	$	2.1

Construction in progress includes capitalized internal use software costs totaling $1.9 million and $1.7 million as of March 31, 2022 and December 31, 2021 respectively.