Property, Plant, and Equipment, Net

12 Months Ended

Dec. 31, 2024

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):

	Depreciable Lives	December 31, 2024		December 31, 2023
Land, buildings, and leasehold improvements	3-39 years	$	52.2	$	49.4
Machinery and equipment	5-15 years	58.5		38.5
Badges	3-5 years	50.3		41.0
Furniture, fixtures, computer equipment and other	3-10 years	24.2		22.9
Software, including internal use	3-5 years	30.5		10.7
Construction in progress (1)	—	11.8		28.6
		227.5		191.1
Less: accumulated depreciation and amortization		(81.2)		(56.6)
		$	146.3	$	134.5

(1) Includes $5.0 million and $4.2 million of Construction in progress for internally developed software as of December 31, 2024, and December 31, 2023, respectively.

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

	Fiscal Year Ended December 31, 2024		Fiscal Year Ended December 31, 2023		Fiscal Year Ended December 31, 2022
Depreciation expense in:
Cost of revenues	$	22.3	$	19.2	$	18.0
Operating expenses	$	9.6	$	12.0	$	10.1