Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Costs

The following table presents our lease costs:

	2024		2023		2022
Operating lease cost	$	10.0	$	8.5	$	7.0
Finance lease cost:
Amortization of leased assets	$	4.2	$	3.1	$	2.4
Interest on lease liabilities		1.4		0.9		0.6
Total finance lease cost	$	5.6	$	4.0	$	3.0

Summary of Supplemental Cash Flow Information Related To Leases

The following table presents supplemental cash flow information related to our leases:

	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	9.6	$	8.0	$	6.8
Operating cash flows from finance leases		1.3		0.8		0.6
Financing cash flows from finance leases		3.3		2.7		2.2
ROU assets obtained in exchange for lease liabilities
Operating leases (1)	$	19.0	$	15.8	$	3.9
Finance leases (2)		13.6		12.3		-

(1)During 2024, increases in ROU assets included $13.0 million from the acquisitions of 3form and Zahner and a $4.7 million increase from modifications that did not involve obtaining a new ROU asset. During 2023, increases in ROU assets included a decrease of $1.0 million due to a change in lease classification upon modification and an increase of $0.6 million resulting from modifications that did not involve obtaining a new ROU asset. During 2022, increases in ROU assets included $1.0 million resulting from modifications that did not involve obtaining a new ROU asset. Modifications for all years presented resulted primarily from changes in the terms of existing leases.

During 2024, increases in ROU assets included $8.9 million from the acquisition of Zahner and a $1.1 million decrease from modifications that did not involve obtaining a new ROU asset. During 2023, increases in ROU assets included $8.6 million due to a change in lease classification upon modification for an existing manufacturing facility within our Architectural Specialties segment that had a modified expected lease term of 13 years, in addition to an increase of $3.7 million for a lease modification that did not involve obtaining a new ROU asset.

Schedule of Weighted Average Assumptions Used To Compute Right To Use Assets

The following table presents the weighted average assumptions used to compute our ROU assets and lease liabilities:

	December 31, 2024			December 31, 2023
Weighted average remaining lease term (in years)
Operating leases		5.7			4.8
Finance leases		11.4			9.5
Weighted average discount rate
Operating leases		5.6	%		5.7	%
Finance leases		5.1	%		4.7	%

Schedule of Undiscounted Future Minimum Payments

Undiscounted future minimum lease payments as of December 31, 2024, by year and in the aggregate, having non-cancelable lease terms in excess of one year are as follows:

	Operating Leases			Finance Leases
Maturity of lease liabilities
2025	$	10.0		$	5.6
2026		8.7			6.1
2027		7.9			5.2
2028		6.0			3.6
2029		2.7			2.8
Thereafter		9.2			28.0
Total lease payments		44.5			51.3
Less interest		(6.7	)		(14.3	)
Present value of lease liabilities	$	37.8		$	37.0