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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swaps The following table summarizes our interest rate swaps as of December 31, 2023:

Coverage Period

 

Notional
Amount

 

Risk Coverage

 

Trade Date

 

 

 

 

 

 

 

 

March 2021 to March 2024

 

$

50.0

 

USD-SOFR

 

March 10, 2020

March 2021 to March 2024

 

$

50.0

 

USD-SOFR

 

March 11, 2020

November 2023 to June 2024

 

$

50.0

 

USD-SOFR

 

September 18, 2023

March 2021 to March 2025

 

$

100.0

 

USD-SOFR

 

November 28, 2018

November 2023 to December 2025

 

$

50.0

 

USD-SOFR

 

October 23, 2023

November 2023 to December 2026

 

$

50.0

 

USD-SOFR

 

October 10, 2023

November 2023 to November 2027

 

$

50.0

 

USD-SOFR

 

September 29, 2023

Summary of Fair Value of Derivative Instruments on Consolidated Balance Sheet

 

 

Derivative Assets

 

 

Derivative Liabilities

 

 

 

 

 

Fair Value

 

 

 

 

Fair Value

 

 

 

Balance Sheet
Location

 

December 31,
2023

 

 

December 31,
2022

 

 

Balance Sheet
Location

 

December 31,
2023

 

 

December 31,
2022

 

Interest rate swap contracts

 

Other current assets

 

$

1.1

 

 

$

3.7

 

 

Accounts payable and accrued expenses

 

$

0.1

 

 

$

-

 

Interest rate swap contracts

 

Other non-current assets

 

 

1.8

 

 

 

7.7

 

 

Other long-term liabilities

 

 

3.2

 

 

 

-

 

Summary of Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income

 

 

Amount of (Loss) Gain
Recognized in AOCI

 

 

Location of Gain (Loss)
Reclassified from
AOCI into Net Earnings

 

Gain Reclassified
from AOCI into Net Earnings

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

2023

 

 

2022

 

 

2021

 

Derivatives in cash flow hedging relationships

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

(0.6

)

 

$

26.9

 

 

$

21.9

 

 

Interest expense

 

$

11.5

 

 

$

2.0

 

 

$

8.5