Acquisition (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

Under the terms of the purchase agreement, a final working capital adjustment is due in the first quarter of 2024. The preliminary allocation of the purchase price as of the acquisition date was as follows:

(Amounts in millions)	Amount
Total consideration paid	$	94.9
Net tangibles assets acquired	17.6
Intangible assets acquired	36.9
Total net assets acquired	54.5
Goodwill as of acquisition date	$	40.4

The amounts allocated to intangible assets are as follows:

(Amounts in millions)	Gross Carrying Amount		Useful Life	Amortization Method
Customer relationships	$	27.9	10 to 15 years	Straight-line
Non-compete agreement	5.8		5 years	Straight-line
Trade names	1.8		5 to 10 years	Straight-line
Backlog	1.4		1 to 2 years	Straight-line
Total	$	36.9