Property, Plant and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment, net consist of the following (in millions):


	Depreciable Lives	September 30, 2026		December 31, 2025
Land, buildings, and leasehold improvements	3 - 39 years	$	57.9	$	58.0
Machinery and equipment	5 - 15 years	69.9		67.8
Badges	3 - 5 years	44.3		41.3
Furniture, fixtures, computer equipment and other	3 - 10 years	25.9		24.7
Software development costs	3 - 5 years	47.2		43.7
Construction in progress (1)	—	30.4		15.8
		275.6		251.3
Less: accumulated depreciation		(118.9)		(96.4)
		$	156.7	$	154.9

(1) Includes $14.5 million and $3.9 million of Construction in progress for internally developed software as of September 30, 2026, and December 31, 2025, respectively.

Schedule of Depreciation Expense

Total depreciation expense included in costs of revenues and operating expenses was as follows (in millions):


	Three Months Ended September 30, 2026		Three Months Ended September 30, 2025		Nine Months Ended September 30, 2026		Nine Months Ended September 30, 2025

Depreciation expense in:
Cost of revenues	$	6.0	$	6.4	$	17.8	$	17.8
Operating expenses	$	2.8	$	2.8	$	9.6	$	8.3