Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2021:

	Fair Value Measurement at Reporting Date Using
(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	3.1	$	—	$	—	$	3.1
Liabilities:
Contingent consideration	—		—		4.2		4.2
Interest rate swap	—		1.9		—		1.9

Roll-Forward of Fair Value of Recurring Level 3 Fair Value Measurements

The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the three months ended June 30, 2021 and 2020:

(in millions)	2021		2020
Contingent consideration liability, at April 1	$	4.2	$	4.3
Total losses included in earnings	0.0		0.1
Contingent consideration liability, at June 30	$	4.2	$	4.4

The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements in the six months ended June 30, 2021 and 2020:

(in millions)	2021		2020
Contingent consideration liability, at January 1	$	4.2	$	4.3
Total losses included in earnings	0.0		0.1
Contingent consideration liability, at June 30	$	4.2	$	4.4