Leased Assets (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Operating Lease Assets and Liabilities on Balance Sheet

The table below presents the locations of the operating lease assets and liabilities on the Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022, respectively (in millions):


	Balance Sheet Line Item	March 31, 2023		December 31, 2022
Operating lease assets	Operating lease right-of-use assets	$	38.7	$	40.1
Financing lease assets	Other assets	$	0.4	$	0.5

Operating lease liabilities:
Current operating lease liabilities	Current operating lease liabilities	$	8.4	$	8.5
Non-current operating lease liabilities	Operating lease liability, non-current	32.7		34.3
Liabilities held for sale	Accrued expenses and other current liabilities	0.5		0.5
Total operating lease liabilities:		$	41.6	$	43.3

Financing lease liabilities:
Current financing lease liabilities	Accrued expenses and other current liabilities	$	0.2	$	0.4
Non-current financing lease liabilities	Deferred income taxes and other long-term liabilities	0.2		0.1
Total financing lease liabilities:		$	0.4	$	0.5

Schedule of Weighted Average Lease Term and Discount Rate for Operating Lease

The Company’s weighted average remaining lease term and weighted average discount rate for operating leases as of March 31, 2023 and December 31, 2022, respectively, are:


	March 31, 2023		December 31, 2022
Operating leases
Weighted average remaining lease term (in years)	6.7		6.9
Weighted average discount rate	4.15	%	4.13	%

Schedule of Undiscounted Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the Condensed Consolidated Balance Sheets as of March 31, 2023 (in millions):


Fiscal year ending December 31:
2023	$	7.6
2024	8.7
2025	7.2
2026	5.4
2027	4.8
2028 and thereafter	14.0
Total undiscounted future minimum lease payments	47.7
Less: Imputed interest	(6.1)
Total operating lease liabilities	$	41.6