Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

Leases

The Company records its operating lease ROU assets in "Other long-term assets" and its operating lease liabilities in "Other current liabilities" and "Other long-term liabilities". As of December 31, 2024 and 2023, the Company did not have any finance leases.

Additional information related to the Company’s operating leases is reflected in the tables below:

	Years Ended December 31,
(in millions)	2024		2023		2022
Operating lease expense	$	3.2	$	3.6	$	2.8
Short-term lease expense	3.1		2.5		2.9
Cash paid for operating leases included in operating cash flows	3.2		3.6		2.5

	December 31,
(in millions)	2024			2023
Operating lease right-of-use asset	$	7.8		$	8.5
Operating lease short-term liability	2.6			2.3
Operating lease long-term liability	5.5			6.5
Weighted average remaining lease term (in years)	3.61			4.45
Weighted average discount rate used in calculating right-of-use asset	5.04		%	4.75		%

Future annual minimum lease payments as of December 31, 2024 are as follows (in millions):

2025	$	2.9
2026	2.5
2027	2.0
2028	0.6
2029	0.4
2030 and thereafter	0.4
Total lease payments	$	8.8
Less: Interest	(0.7)
Operating lease liabilities	$	8.1