Financial Instruments and Contingent Consideration (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Estimated Fair Value of Financial Instruments

The estimated fair values of our financial instruments and contingent consideration are as follows:

	June 30, 2024						December 31, 2023
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Assets (liabilities), net:
Total long-term debt, including current portion	$	(644.0	)	$	(644.0	)	$	(586.8	)	$	(586.8	)
Interest rate swap contracts		1.3			1.3			(0.4	)		(0.4	)
Acquisition-related contingent consideration		(2.0	)		(2.0	)		(1.6	)		(1.6	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair value measurement of assets and liabilities measured at fair value on a recurring basis and reported on the Condensed Consolidated Balance Sheets is summarized below:

	June 30, 2024					December 31, 2023
	Fair value based on					Fair value based on
	Other observable inputs		Other unobservable inputs			Other observable inputs			Other unobservable inputs
	Level 2		Level 3			Level 2			Level 3
Assets (liabilities), net:
Interest rate swap contracts	$	1.3	$	-		$	(0.4	)	$	-
Acquisition-related contingent consideration		-		(2.0	)		-			(1.6	)

Schedule of Weighted-average Of Significant Unobservable Inputs

The following table summarizes the weighted-average of the significant unobservable inputs as of June 30, 2024:

	BOK			Insolcorp
Unobservable input
Volatility		23.2	%		21.2	%
Discount rates		5.1	%		5.1	%

Schedule of Changes in Fair Value of the Acquisition-related Contingent Consideration Liability

The changes in fair value of the acquisition-related contingent consideration liabilities for the three months ended June 30, 2024 and the six months ended June 30, 2024 and 2023 were as follows:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2024		2024		2023
Fair value of contingent consideration as of beginning of period	$	1.3	$	1.6	$	15.2
Cash consideration paid		-		-		(15.2	)
Loss related to change in fair value of contingent consideration		0.7		0.4		-
Fair value of contingent consideration as of end of period	$	2.0	$	2.0	$	-