Financial Instruments and Contingent Consideration (Tables)

9 Months Ended

Sep. 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:

	September 30, 2024						December 31, 2023
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Liabilities, net:
Total long-term debt, including current portion	$	(555.6	)	$	(555.6	)	$	(586.8	)	$	(586.8	)
Interest rate swap contracts		(6.3	)		(6.3	)		(0.4	)		(0.4	)
Acquisition-related contingent consideration		(2.2	)		(2.2	)		(1.6	)		(1.6	)

Schedule of Fair Value, Liabilities Measured on Recurring Basis

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

	September 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
Liabilities, net:
Interest rate swap contracts	$	(6.3	)	$	-		$	(0.4	)	$	-
Acquisition-related contingent consideration		-			(2.2	)		-			(1.6	)

Schedule of Weighted-average Of Significant Unobservable Inputs

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

	BOK			Insolcorp
Unobservable input
Volatility		24.5	%		21.3	%
Discount rates		4.1	%		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 and nine months ended September 30, 2024 and 2023 were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Fair value of contingent consideration as of beginning of period	$	2.0	$	-	$	1.6	$	15.2
Cash consideration paid		-		-		-		(15.2	)
Acquisition date fair value of contingent consideration		-		0.8		-		0.8
Loss related to change in fair value of contingent consideration		0.2		-		0.6		-
Fair value of contingent consideration as of end of period	$	2.2	$	0.8	$	2.2	$	0.8