v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Payments Related to Operating and Finance Lease Liabilities, and Components of Lease Expense The Company’s payments related to its operating and finance lease liabilities for the three and six months ended June 30, 2025 and 2024 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cash paid related to operating leases

 

$

2.6

 

 

$

3.8

 

 

$

5.5

 

 

$

7.7

 

Cash paid related to finance leases

 

$

0.8

 

 

$

0.8

 

 

$

1.7

 

 

$

1.4

 

The components of lease expense for the three and six months ended June 30, 2025 and 2024 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease expense:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

1.8

 

 

$

2.5

 

 

$

3.7

 

 

$

4.9

 

Sublease income

 

 

(0.9

)

 

 

(1.1

)

 

 

(1.8

)

 

 

(2.2

)

Net operating lease expense

 

$

0.9

 

 

$

1.4

 

 

$

1.9

 

 

$

2.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease expense:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

0.6

 

 

$

0.7

 

 

$

1.1

 

 

$

1.3

 

Interest on lease liabilities

 

 

 

 

 

 

 

 

0.1

 

 

 

0.1

 

Total finance lease expense

 

$

0.6

 

 

$

0.7

 

 

$

1.2

 

 

$

1.4

 

Summary of Company's Finance Leases Presented on Unaudited Condensed Consolidated Balance Sheets

The Company’s finance leases as of June 30, 2025 and December 31, 2024 are presented on the Company’s Unaudited Condensed Consolidated Balance Sheets as follows:

 

 

June 30, 2025

 

 

December 31, 2024

 

Property, plant and equipment, net

 

$

2.2

 

 

$

2.9

 

 

 

 

 

 

 

 

Accrued liabilities

 

$

1.6

 

 

$

2.8

 

Other noncurrent liabilities

 

 

0.2

 

 

 

0.2

 

Total

 

$

1.8

 

 

$

3.0