Financial Instruments and Contingent Consideration (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Estimated Fair Value of Financial Instruments

The estimated fair values of our financial instruments are as follows:

	December 31, 2020						December 31, 2019
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
(Liabilities), net:
Total long-term debt, including current portion	$	(715.5	)	$	(715.5	)	$	(610.8	)	$	(610.8	)
Interest rate swap contracts		(28.9	)		(28.9	)		(14.3	)		(14.3	)
Acquisition-related contingent consideration		(16.9	)		(16.9	)		-			-

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair value measurement of liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets is summarized below:

	December 31, 2020						December 31, 2019
	Fair value based on						Fair value based on
	Other observable inputs			Other unobservable inputs			Other observable inputs			Other unobservable inputs
	Level 2			Level 3			Level 2			Level 3
(Liabilities), net:
Interest rate swap contracts	$	(28.9	)	$	-		$	(14.3	)	$	-
Acquisition-related contingent consideration		-			(16.9	)		-			-

Schedule of Weighted-average Of Significant Unobservable Inputs

The following table summarizes the weighted-average of the significant unobservable inputs as of December 31, 2020:

	Moz			Turf
Unobservable input
Volatility		25.8	%		26.2	%
Discount rates		2.8	%		2.8	%

Schedule of Changes in Fair Value of the Acquisition-related Contingent Consideration Liability

The changes in fair value of the acquisition-related contingent consideration liability for the year ended December 31, 2020 were as follows:

	2020
Balance as of beginning of period	$	-
Acquisition date fair value of Moz contingent consideration		2.7
Acquisition date fair value of Turf contingent consideration		14.1
Adjustments to fair value measurements		0.1
Balance as of end of period	$	16.9