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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

Lease Type

 

Balance Sheet Classification

 

September 30, 2024

 

 

December 31, 2023

 

 

 

 

 

(In millions)

 

Assets

 

 

 

 

 

 

 

 

Operating lease assets

 

Trade and other receivables, net

 

$

0.1

 

 

$

0.9

 

Operating lease assets

 

Prepaid expenses and other current assets

 

 

2.8

 

 

 

2.3

 

Operating lease assets

 

Right of use lease assets, net

 

 

14.7

 

 

 

19.1

 

Financing lease assets

 

Property, plant, and equipment, net

 

 

5.2

 

 

 

5.8

 

Total lease assets

 

 

 

$

22.8

 

 

$

28.1

 

Liabilities

 

 

 

 

 

 

 

 

Financing lease liabilities

 

Current portion of long-term debt

 

$

0.8

 

 

$

0.8

 

Operating lease liabilities

 

Current portion of long-term lease liabilities

 

 

6.0

 

 

 

7.0

 

Financing lease liabilities

 

Long-term debt, less current portion

 

 

5.9

 

 

 

6.5

 

Operating lease liabilities

 

Long-term lease liabilities, less current portion

 

 

14.0

 

 

 

18.9

 

Total lease liabilities

 

 

 

$

26.7

 

 

$

33.2

 

Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In millions)

 

Operating lease cost

 

$

1.8

 

 

$

2.1

 

 

$

5.1

 

 

$

7.0

 

Financing lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation of lease assets

 

 

0.4

 

 

 

0.4

 

 

 

1.4

 

 

 

1.3

 

Interest on lease liabilities

 

 

0.1

 

 

 

 

 

 

0.3

 

 

 

0.2

 

Sublease income

 

 

 

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.3

)

Total lease cost, net

 

$

2.3

 

 

$

2.4

 

 

$

6.7

 

 

$

8.2