Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Error Corrections and Prior Period Adjustments

The effect of correcting the immaterial error in the Unaudited Condensed Consolidated Financial Statements for the three and nine month periods ended September 30, 2023 is shown in the following table:


	As previously reported		Correction		As adjusted
Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended October 1, 2022
Product Revenues	$	230.8	$	2.9	$	233.7
Service Revenues	31.7		(2.9)		28.8
	$	262.5	$	—	$	262.5
Nine Months Ended October 1, 2022
Product Revenues	$	642.1	$	12.4	$	654.5
Service Revenues	97.7		(12.4)		85.3
	$	739.8	$	—	$	739.8
Footnote 13. Revenue Recognition
Reportable Segments by Timing of Revenue Recognition
Three Months Ended October 1, 2022
Janus North America
Product revenues transferred at a point in time	$	232.2	$	(17.7)	$	214.5
Product revenues transferred over time	—		20.5		20.5
Services revenues transferred over time	24.5		(2.8)		21.7
	$	256.7	$	—	$	256.7
Nine Months Ended October 1, 2022
Janus North America
Product revenues transferred at a point in time	$	648.2	$	(60.8)	$	587.4
Product revenues transferred over time	—		73.2		73.2
Services revenues transferred over time	75.3		(12.4)		62.9
	$	723.5	$	—	$	723.5

Schedule of Accounts Receivable, Allowance for Credit Loss

The activity for the allowance for credit losses during the nine month period ended September 30, 2023 and the fiscal year ended December 31, 2022, is as follows:


	September 30, 2023		December 31, 2022
Balance at beginning of period	$	4.5	$	5.4
CECL Adoption (1)	—		0.4
Write-offs	—		(3.0)
Provision (reversal), net	(0.7)		1.7
Balance at end of period	$	3.8	$	4.5

(1) On January 2, 2022, the Company adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduced a new model known as CECL.

Schedule of Product Warranty Liability

The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities, during the nine month period ended September 30, 2023 and the fiscal year ended December 31, 2022, is as follows:


	September 30, 2023		December 31, 2022
Balance at beginning of period	$	0.9	$	0.7
Aggregate changes in the product warranty liability	1.0		0.2
Balance at end of period	$	1.9	$	0.9