Leases We have operating and finance leases for automobiles, machinery, equipment, warehouses, and office buildings. Our leases have remaining terms ranging from one year to 15 years, some of which include options to extend the leases from one to five years, and some of which include options to terminate the leases within one year. Supplemental balance sheet information related to leases is as follows: | | | | | | | | | | | | | | | | | | | Classification | | September 30, 2024 | | December 31, 2023 | Lease assets | | | | | | Operating lease right-of-use assets, net | Non-current assets | | $ | 22.2 | | | $ | 23.7 | | Finance lease right of use assets, net | Property, plant, and equipment, net | | 4.1 | | | 1.9 | | Total lease assets | | | $ | 26.3 | | | $ | 25.6 | | Lease liabilities | | | | | | Operating lease liabilities, current | Current liabilities | | $ | 4.0 | | | $ | 3.8 | | Operating lease liabilities, non-current | Non-current liabilities | | 22.3 | | | 24.7 | | Finance lease liabilities, current | Current portion of long-term debt | | 1.6 | | | 0.9 | | Finance lease liabilities, non-current | Long-term debt | | 2.6 | | | 1.0 | | Total lease liabilities | | | $ | 30.5 | | | $ | 30.4 | |
The components of lease costs included in our Condensed Consolidated Statements of Operations were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Operating leases | | | | | | | | Operating lease costs | $ | 1.9 | | | $ | 1.4 | | | $ | 4.7 | | | $ | 3.6 | | Variable lease costs | 0.2 | | | 0.1 | | | 0.7 | | | 0.2 | | Short-term lease costs | 0.1 | | | — | | | 0.4 | | | 0.2 | | Finance leases | | | | | | | | Amortization of right-of-use asset | $ | 0.3 | | | $ | 0.2 | | | $ | 1.1 | | | $ | 0.6 | |
Maturities of lease liabilities as of September 30, 2024 are as follows: | | | | | | | | | | | | | | | | | | | Operating | | Finance | | Total | 2024 | $ | 1.6 | | | $ | 0.6 | | | $ | 2.2 | | 2025 | 6.3 | | | 1.9 | | | 8.2 | | 2026 | 4.7 | | | 1.5 | | | 6.2 | | 2027 | 3.3 | | | 0.8 | | | 4.1 | | 2028 | 3.0 | | | — | | | 3.0 | | 2029 and Thereafter | 22.9 | | | — | | | 22.9 | | Total lease payments | 41.8 | | | 4.8 | | | 46.6 | | Less lease interest | (15.5) | | | (0.6) | | | (16.1) | | Total lease liabilities | $ | 26.3 | | | $ | 4.2 | | | $ | 30.5 | |
Additional information related to leases is presented as follows: | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | Operating leases | | | | Weighted average remaining lease term | 10.0 years | | 10.3 years | Weighted average discount rate | 10.0% | | 10.0% | Finance leases | | | | Weighted average remaining lease term | 2.7 years | | 2.4 years | Weighted average discount rate | 9.7% | | 7.2% |
| | | | | | | | | | | | | Nine Months Ended September 30, | | 2024 | | 2023 | Cash paid for amounts included in the measurement of lease liabilities | | | | Operating cash flows from operating leases | $ | 5.0 | | | $ | 3.6 | | Financing cash flows from finance leases | 0.9 | | | 0.7 | | Right-of-use assets obtained in exchange for lease liabilities | | | | Leased assets obtained in exchange for new operating lease liabilities | $ | 0.3 | | | $ | 20.1 | | Leased assets obtained in exchange for new finance lease liabilities | 3.0 | | | 0.6 | |
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