Financial Instruments and Contingent Consideration (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Estimated Fair Value of Financial Instruments

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

	March 31, 2025						December 31, 2024
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Liabilities, net:
Total long-term debt, including current portion	$	(519.7	)	$	(519.7	)	$	(525.1	)	$	(525.1	)
Interest rate swap contracts		(3.5	)		(3.5	)		(1.5	)		(1.5	)
Acquisition-related contingent consideration		(2.0	)		(2.0	)		(3.2	)		(3.2	)

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:

	March 31, 2025						December 31, 2024
	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	$	(3.5	)	$	-		$	(1.5	)	$	-
Acquisition-related contingent consideration		-			(2.0	)		-			(1.7	)

Schedule of Weighted-average Of Significant Unobservable Inputs

The following table summarizes the weighted-average of the significant unobservable inputs as of March 31, 2025:

	BOK			Insolcorp
Unobservable input
Volatility		26.9	%		23.4	%
Discount rates		4.1	%		4.3	%

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 March 31, 2025 and 2024 were as follows:

	Three Months Ended
	March 31,
	2025			2024
Fair value of contingent consideration as of beginning of period	$	3.2		$	1.6
Cash consideration paid		(1.5	)		-
Loss (gain) related to change in fair value of contingent consideration		0.3			(0.3	)
Fair value of contingent consideration as of end of period	$	2.0		$	1.3