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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
The Company's property, plant and equipment, net balances consisted of the following:
December 31,
20222021
Land and improvements$10.3 $10.8 
Building and improvements40.0 43.5 
Machinery and equipment69.8 82.2 
Office furniture, fixtures and capitalized software47.2 62.6 
Leasehold improvements15.3 18.0 
Construction-in-progress11.4 8.8 
Right-of-Use assets57.6 71.4 
Property, plant and equipment and Right-of-Use assets, net$251.6 $297.3 

Depreciation and amortization expense on property, plant and equipment and right-of-use assets for the years ended December 31, 2022 and December 31, 2021 was $54.6 million and $66.5 million, respectively. Accumulated depreciation and amortization was $562.3 million and $551.3 million as of December 31, 2022 and December 31, 2021, respectively.
In November 2022, the Bankruptcy Court approved the sale of the Company's distribution center in Jacksonville, Florida. As such, as of December 31, 2022, the Company determined that the property met the criteria to be classified as a long-lived asset held for sale. Per ASC Topic 360, "Property, Plant and Equipment," the Company subsequently measured the long-lived asset at the lower of its carrying value or fair value less any costs to sell, or approximately $2.0 million, as of December 31, 2022. Upon designation as an asset held for sale, the Company stopped recording depreciation or amortization expense on the asset and will continue to assess the fair value less any costs to sell at each reporting period until the asset is no longer classified as held for sale.
Leases
The Company leases facilities for executive offices, warehousing, research and development and sales operations and leases various types of equipment under operating and finance lease agreements. The majority of the Company’s real estate leases, in terms of total undiscounted payments, are located in the U.S.

Impairment Considerations
In accordance with ASC 360, and in conjunction with the performance of its annual impairment assessment, the Company considered whether indicators of impairment existed as of December 31, 2022 for its Property, Plant and Equipment ("PP&E"), including its Right-of-Use ("ROU") assets consisting of the Company's leases as described above.
For purposes of recognition and measurement of an impairment loss, long-lived assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. An impairment loss is recognized only if the carrying amount of a long-lived asset and/or asset group is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset and/or asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the long-lived asset and/or asset group and the impairment loss is measured as the amount by which the carrying amount of a long-lived asset and/or asset group exceeds its fair value. In performing such review, the Company considers several indicators of impairment, including, among other factors, the following: (i) whether there exists any significant adverse change in the extent or manner in which a long-lived asset and/or asset group is being used; (ii) whether there exists any projection or forecast demonstrating losses associated with the use of a long-lived asset and/or asset group; and (iii) whether there exists a current expectation that, more likely than not, a long-lived asset and/or asset group will be sold or otherwise disposed of significantly before the end of its previously-estimated useful life.
In connection with the lease rejections that were approved by the Bankruptcy Court and were deemed effective, the associated right-of-use asset was written-off.
Following its annual and interim impairment assessments, the Company concluded that the carrying amounts of its PP&E, including its lease ROU assets, were not impaired as of December 31, 2022.
The following table includes disclosure related to the ASC 842 lease standard for the periods presented, after application of the applicable practical expedients and short-term lease considerations:
Year Ended
December 31, 2022December 31, 2021
Lease Cost:
Finance Lease Cost:
    Amortization of ROU assets$0.2 $0.2 
    Interest on lease liabilities0.1 0.1 
Operating Lease Cost28.9 33.7 
Total Lease Cost$29.2 $34.0 
Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
    Operating cash flows from finance leases0.1 0.1 
    Operating cash flows from operating leases29.5 36.3 
    Financing cash flows from finance leases0.1 0.3 
December 31, 2022December 31, 2021
ROU assets for finance leases0.2 0.3 
ROU assets for operating leases57.3 71.0 
Accumulated amortization on ROU assets for finance leases1.0 0.8 
Accumulated amortization on ROU assets for operating leases49.1 55.9 
Weighted-average remaining lease term - finance leases0.1 years1.1 years
Weighted-average remaining lease term - operating leases6.1 years6.2 years
Weighted-average discount rate - finance leases15.0 %15.0 %
Weighted-average discount rate - operating leases16.2 %15.8 %

Maturities of lease liabilities as of December 31, 2022 were as follows:
Operating Leases (a)
Finance Leases
2023$23.1 $0.1 
202418.3 0.1 
202512.6 — 
202611.4 — 
20278.9 — 
Thereafter28.9 — 
Total undiscounted cash flows$103.2 $0.2 
Present value:
Short-term lease liability$5.7 $0.1 
Long-term lease liability12.0 0.1 
Leases subject to compromise58.1 — 
Total lease liability$75.8 $0.2 
Difference between undiscounted cash flows and discounted cash flows$27.4 $— 
(a) Includes liabilities for certain leases subsequently rejected after the balance sheet date.